- Kiyosaki called the U.S. dollar a bigger scam than Bitcoin, blasting the Federal Reserve.
- He warned against Bitcoin ETFs, urging direct investment in gold, silver, and Bitcoin.
Renowned author Robert Kiyosaki, best known for “Rich Dad Poor Dad,” has once again voiced his skepticism about the U.S. financial system, branding the dollar a bigger scam than Bitcoin [BTC].
In a recent post on X (formerly Twitter), he criticized the Federal Reserve and major banks, accusing them of corruption and reckless mismanagement.
Robert Kiyosaki on Bitcoin
Kiyosaki, who has long advocated for alternative assets like Bitcoin and gold, referred to central bankers as “banksters,” claiming they continue to receive government bailouts despite massive financial losses.
He said,
“Is BITCOIN a SCAM? It might be….But not a big a scam as the US Dollar and the US Banking System…. Starting with the Fed. They are BANKSTERS.”
Kiyosaki doubled down on his criticism of the Federal Reserve and the banking sector, accusing them of manipulating the financial system for their own gain while ordinary citizens bear the consequences.
Are Bitcoin ETFs a scam?
He also voiced skepticism toward Bitcoin ETFs, warning that they are controlled by the same financial institutions he distrusts.
According to Kiyosaki, these ETFs could allow banks to manipulate Bitcoin’s value, limiting investors’ control over their assets.
Instead, he urged individuals to invest in tangible assets like gold, silver, and Bitcoin directly, rather than relying on financial products managed by traditional institutions.
He added,
I predict a collapse of our financial system. Please protect yourself from the BANKSTERS. Buy real gold, silver, and Bitcoin. No gold, silver or Bitcoin ETFS…. Which are bankster’s money.”
Current market trends
Kiyosaki’s remarks came as Bitcoin experienced a downturn, briefly dropping to $78,000 before rebounding to $85,975.16, marking a modest 0.96% gain in the past 24 hours, according to CoinMarketCap.
Meanwhile, the BTC ETF market, which had been struggling with outflows since the 18th of February, saw a significant turnaround on the 28th of February, recording $94.3 million in inflows, as reported by Farside Investors.
Needless to say, Kiyosaki has remained steadfast in his confidence in Bitcoin.
Earlier, too, he had reinforced his stance on Bitcoin when President Donald Trump had announced new tariffs on imports from Canada, China, and Mexico, noting,
“Trump tariffs begins: Gold, silver, Bitcoin may crash. Good. Will buy more after prices crash. Real problem is DEBT…which will only get worse. Crashes mean assets are on sale. Time to get richer.”
