Kiyosaki Slams Dollar, Praises Bitcoin Despite Market Downturn

Renowned author and financial educator Robert Kiyosaki has recently weighed in on the debate surrounding Bitcoin and the U.S. dollar, labeling the latter as a bigger "scam" than the cryptocurrency. In a series of posts on X (formerly Twitter), Kiyosaki criticized the Federal Reserve and the U.S. banking system, accusing them of corruption and mismanagement.

Kiyosaki, best known for his book "Rich Dad Poor Dad," has long been an advocate for alternative assets like Bitcoin and gold. In his latest comments, he referred to central bankers as "banksters," claiming they continue to receive government bailouts despite massive financial losses. He stated, "Is BITCOIN a SCAM? It might be….But not as big a scam as the US Dollar and the US Banking System…. Starting with the Fed. They are BANKSTERS."

Kiyosaki also expressed skepticism towards Bitcoin ETFs, warning that they are controlled by the same financial institutions he distrusts. He argued that 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.

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. Meanwhile, the BTC ETF market saw a significant turnaround, recording $94.3 million in inflows on the 28th of February, according to Farside Investors.

Kiyosaki has remained steadfast in his confidence in Bitcoin, previously noting that "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."

Kiyosaki's comments highlight the ongoing debate surrounding the role of central banks, the U.S. dollar, and alternative assets like Bitcoin in the global financial system. As the cryptocurrency market continues to evolve, investors and financial experts alike are grappling with the implications of these developments