Robert Kiyosaki, the author of the best-selling personal finance book “Rich Dad Poor Dad,” reiterated his doomsday prediction for the US dollar and praised Bitcoin as an alternative. In a podcast episode released today, the renowned investor discussed the devaluation of the US dollar and the role of Bitcoin in today’s financial environment with Miguel Munoz and Charlie Engler, co-founders of Cultive Crypto and Doghouse Crypto education platforms.
US Dollar is Fake Money
Kiyosaki added that the reason poor people remain poor is their inability to distinguish real money from fake money, and he stated that the biggest fake money is the American dollar. He also mentioned that he is not always enthusiastic about Bitcoin, but now he wants to acquire more Bitcoin.
“I own 60 Bitcoins. I bought them at $6,000 each, and the reason I bought them is not because I’m a crypto expert. I’m an investor, and when Bitcoin reached $20,000 for the first time and dropped to $100, I said ‘oh, it’s gone.’ But when it started to rise again and reached $6,000, I believed that Bitcoin would be permanent.”
$120,000 Prediction
Kiyosaki recently shared his expectation that the August BRICS summit will mark the beginning of the world’s “dollar cleanse” and that around 41 countries, including possibly France, will unite against the American dollar.
According to Finbold, investing in gold, silver, and decentralized finance (DeFi) assets, as Kiyosaki has previously stated, will be one of the ways for investors who believe that the US dollar will continue to depreciate to protect themselves.
Meanwhile, Kiyosaki expressed his belief that Bitcoin is rising in the US and is the best insurance against government corruption. According to him, as the US loses its position as the global reserve currency, it will have to prepare for an economic tsunami.
Furthermore, as reported by Finbold on July 11, due to the “bleeding” of the US dollar and the “return of trillions of US dollars to the country, causing skyrocketing inflation” after the August BRICS summit, Kiyosaki predicted that Bitcoin would reach $120,000 levels in 2024.
