- Kiyosaki called the US dollar a larger scam than Bitcoin, which shoots the Federal Reserve.
- He warned against Bitcoin ETFs and insisted on direct investments in gold, silver and bitcoin.
Robert Kiyosaki, best known for ‘Rich Dad Poor Dad’, has again expressed his skepticism about the American financial system, in which the dollar is called a larger scam than Bitcoin [BTC].
In a recent after On X (formerly Twitter) he criticized the Federal Reserve and Major Banks and accused them of corruption and reckless mismanagement.
Robert Kiyosaki on Bitcoin
Kiyosaki, who has long argued for alternative assets such as Bitcoin and Gold, called central bankers ‘bankers’, and claimed that despite enormous financial losses they will continue to receive government facial giants.
He said,
‘Is Bitcoin a scam? It can be … but not a big scam such as the American dollar and the American banking system … Starting with the Fed. They are bankers. ”
Kiyosaki doubled his criticism of the Federal Reserve and the banking sector and accused them of manipulating the financial system for their own profit, while ordinary citizens bear the consequences.
Are Bitcoin ETFs a scam?
He also expressed skepticism to Bitcoin ETFs, warning that they will be checked by the same financial institutions that he distrusts.
According to Kiyosaki, these ETFs can enable banks to manipulate the value of Bitcoin, limiting the control of investors about their assets.
Instead, he insisted on individuals to invest in tangible assets such as gold, silver and bitcoin, instead of trusting financial products managed by traditional institutions.
He added,
I predict a collapse of our financial system. Protect yourself against the bankers. Buy real gold, silver and bitcoin. No gold, silver or Bitcoin ETFs…. What the money from banker is. ”
Current market trends
Kiyosaki’s comments came when Bitcoin experienced a recession, short to $ 78,000 before he returned to $ 85,975.16, which has a modest profit in the last 24 hours Mint market cap.
In the meantime, the BTC ETF market, which has been struggling with flowing since 18 February, saw an important change on 28 February, with $ 94.3 million in inflow, as reported by Distant investors.
Needless to say, Kiyosaki has remained steadfast in his confidence in Bitcoin.
He had also strengthened his position on Bitcoin when President Donald Trump had announced new rates for import from Canada, China and Mexico, and noticed that,
“Trump rates start: gold, silver, bitcoin can crash. Good. Will buy more after the prices crash. Real problem is debts … which only gets worse. Crashes average assets are for sale. Time to get richer. ”