Kiyosaki Urges Americans to Ditch Fiat Currency for Bitcoin, Gold

Robert Kiyosaki, the well-known businessman and author of "Rich Dad Poor Dad," has once again voiced his concerns about the dangers of centralized monetary policy. In a recent post on X, Kiyosaki urged his followers to abandon what he refers to as “fake money” and instead opt for alternatives like Bitcoin, gold, and silver. He quoted former US Congressman Ron Paul, who described interest rate setting by central banks as “price fixing,” likening it to socialist and Marxist economic control. Paul warned that such mechanisms erode personal wealth and undermine economic freedom, a sentiment that aligns closely with Kiyosaki’s long-held concerns.

Kiyosaki’s disdain for fiat currency is well-documented. He has repeatedly criticized the US dollar, labeling it a “dying” currency inflated by government spending and central bank manipulation. His financial philosophy, rooted in Austrian economics and personal sovereignty, champions assets that cannot be debased or politically controlled. Kiyosaki has long argued that bearer assets like gold, silver, and more recently Bitcoin, are critical hedges against inflation and key to long-term generational wealth accumulation through economic cycles.

In his post, Kiyosaki called on Americans to “fight back” by opting out of fiat systems and instead embracing decentralized stores of value like Bitcoin and precious metals. He emphasized that “fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life.”

Kiyosaki’s observations about consumer behavior, particularly among the working class in the United States, highlight a notable trend. He noted that gold bars and coins are flying off the shelves at Costco, a popular warehouse retailer. This trend suggests that Americans are moving away from traditional fiat currencies towards hard assets like gold. Kiyosaki pointed out that Costco is typically frequented by the poor and middle class, and the surge in gold purchases at the retailer signals that these demographics are now opting to save in "real money" by converting their fiat currency into gold. This behavior aligns with his long-standing advice from his "rich dad," which advocates for diversifying into hard assets like gold, silver, and Bitcoin as a means to preserve wealth.

Kiyosaki has consistently warned about the fragility of fiat currencies and the importance of diversifying into hard assets. In his latest post, he reiterated this warning, noting that central banks around the world are dumping US Treasury Bonds and buying gold. This move by central banks, he believes, underscores the growing recognition of gold as a stable and valuable asset. Kiyosaki praised average Americans for finally understanding his "rich dad's lesson," stating that they are now turning to gold as a means of saving. This trend is further reinforced by a viral gold flip at Costco, where finance influencer Humphrey Yang bought a one-ounce PAMP Suisse gold bar for $2,359 and sold it nearly a year later for $2,955.42, pocketing almost $600 in profit. Yang's experience, despite some critics saying he sold too early, highlights the potential for significant gains in the gold market.

Kiyosaki is a long-time advocate of Bitcoin, frequently touting it as a hedge against fiat currency debasement. He has repeatedly called Bitcoin "people’s money" and predicted it could reach $1 million in the future. Alongside gold and silver, Kiyosaki lists Bitcoin as a core part of what he considers "real money" for preserving wealth. In an April 18 post, Kiyosaki forecasted that Bitcoin could hit $1 million by 2035 as the US dollar continues to lose value to inflationary monetary policies. He said, “I strongly believe, by 2035, that one Bitcoin will be over $1 million, gold will be $30,000, and silver $3,000 a coin.”

Kiyosaki’s perspective aligns with his broader message about the importance of financial literacy and the need to diversify one's portfolio to protect against economic downturns. He believes that gold, silver, and Bitcoin are the best defenses against such economic uncertainties. This trend of moving towards hard assets like gold and Bitcoin is not just limited to individual investors. Kiyosaki also warned of an impending economic collapse, citing reports of Japanese carmakers exiting the U.S. market. This further underscores his belief in the importance of diversifying into hard assets to preserve wealth in uncertain economic times.