Robert Kiyosaki Warns US Dollar Lost 95% Value Since 1970s Advocates Bitcoin

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has once again voiced his concerns about the long-term deterioration of the US dollar. In a recent social media post, Kiyosaki highlighted that the US dollar has lost 95% of its purchasing power since the 1970s. He emphasized that holding fiat currencies, particularly the US dollar, is economically risky and encouraged investors to explore alternatives such as Bitcoin.

Kiyosaki's critique of the US dollar is not new. He has consistently argued that saving in fiat money is not a safe long-term strategy. In his recent post, he criticized those who hold fiat currencies, stating that many people fail to connect rising food prices with the weakening dollar. He shared a story about a peer who kept her savings in the bank despite increasing inflation, noting that such savings lose real value over time. Kiyosaki cited the rising cost of basic items like eggs as evidence of this erosion.

Kiyosaki urged people to stop storing their financial future in US dollars and instead look at assets like Bitcoin, gold, and silver. He restated one of his long-standing financial teachings: “Savers are losers.” This quote, often repeated in his books and speeches, refers to how inflation erodes cash holdings in traditional bank accounts. In his view, banks print more money while savers see no protection for their purchasing power.

Most recently, Kiyosaki revealed publicly on social media that he had actually bought Bitcoin again. He acknowledged that his action might end up proving wrong, but he said he was willing to lose short term in case he failed to take advantage of what he perceives as the long-term potential of Bitcoin. Kiyosaki still believes that the BTC price may be in the range of one million dollars per coin in the long-term perspective. The financial author added he is comfortable risking 100K on Bitcoin, saying the lessons he has gained on previous losses have been more important than the money itself.

Kiyosaki emphasized again that holding US dollar savings is not a financially sound strategy. He said that traditional bank deposits, often seen as safe, have steadily lost value due to inflation and central bank money printing. He pointed to his early investment history, where he bought his first property using a credit card and generated $25 a month in passive income. That deal took place in Hawaii in 1973, at a time when he said the dollar’s value had already begun its long-term decline.

In summary, Robert Kiyosaki has raised caution against the US dollar losing value and prefers Bitcoin as an alternative investment. He believes that the US dollar has lost 95% of its purchasing power since the 1970s and that holding fiat currencies is economically risky. Kiyosaki encourages investors to consider assets like Bitcoin, gold, and silver, and he has personally invested in Bitcoin, predicting that its price could reach one million dollars in the long term. He warns that traditional bank deposits are not a safe long-term strategy due to inflation and central bank money printing.