Kiyosaki: “Bitcoin is my refuge from the collapse of the dollar”

Kiyosaki
Kiyosaki

Robert Kiyosaki, the famous author of Rich Dad, Poor Dad, has made his name synonymous with warnings about the traditional financial system and a staunch advocate of alternative assets such as Bitcoin. Over the past few years, Kiyosaki has repeatedly reiterated his belief that the US dollar, along with other fiat currencies, is on the verge of collapse due to unsustainable economic policies such as massive money printing and the increasing national debt in the United States. For him, Bitcoin is not just a speculative investment, but a “safe haven” from what he perceives as an impending financial crisis.

Kiyosaki’s stance is based on his criticism of the banking system and the Federal Reserve (FED), which he accuses of manipulating the economy with “fake money.” According to him, the dollar is rapidly losing value due to inflation and lack of tangible backing, a situation that contrasts with assets such as gold, silver, and especially Bitcoin, which he considers “the people’s money.” In recent social media posts and interviews, he has stated: “When I hold fake dollars I become poorer. When I hold Bitcoin, I become richer. That’s why I love Bitcoin.” This statement encapsulates his view of cryptocurrency as a tool to preserve wealth in uncertain times.

Kiyosaki is not alone in his perception of Bitcoin as a shield against currency debasement. The current context, with the US national debt exceeding $34 trillion and increasing interest from countries such as China and Russia in reducing their dependence on the dollar, partially supports his fears. However, his prediction of a “total collapse” of the dollar has been met with skepticism, as although the currency has lost purchasing power, it remains the world’s primary reserve currency. Still, Kiyosaki insists that events such as the adoption of cryptocurrencies by institutional investors and distrust in traditional systems are pushing Bitcoin towards new horizons, projecting prices ranging from $175.000 to $350.000 by the end of 2025, and even as high as $XNUMX million in more extreme scenarios.

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Unlike other cryptocurrency advocates, Kiyosaki does not view recent financial products such as Bitcoin ETFs in a positive light. He calls them “bankers’ money,” arguing that they centralize control in the hands of the institutions he so criticizes, and prefers direct purchase of BTC to maintain its decentralized essence. “If the price of Bitcoin falls, I will fill up the truck and buy more,” he has said, showing his conviction that falls are buying opportunities and not signs of weakness.

But his detractors point out that his doom-laden predictions have not always come true, and that his enthusiasm for Bitcoin may be more self-promotion than hard analysis. Still, his message resonates with an audience wary of the financial establishment. For Kiyosaki, Bitcoin is not just an economic gamble, but a philosophy: a means of escape from a system he says is designed to benefit the rich and punish savers. As long as the dollar continues to reel under global economic pressures, his cry of “Bitcoin is my refuge” will continue to echo, inspiring both admiration and debate.

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