Robert Kiyosaki says no to fiat money and endorses Bitcoin as a store of value

Robert Kiyosaki says no to fiat money and endorses Bitcoin as a store of value

Robert Kiyosaki, renowned author and critic of the traditional financial system, argues that fiat money is destined to lose value, while Bitcoin is consolidating as a safe haven in the face of inflation and rising global debt.

Kiyosaki, who has become an influential figure in the field of financial education, has reiterated its critical stance towards fiat money and the centralized banking systemIn a global context marked by rising inflation and debt, Kiyosaki argues that money issued by central banks, such as the dollar, is doomed to lose value. 

According to their analysis, uncontrolled money printing and expansionary monetary policies have eroded people's purchasing power, creating a scenario of economic uncertainty and distrust in financial institutions. 

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Faced with this situation, Kiyosaki highlights Bitcoin as the most solid alternative to preserve wealth and protect against future crises. His defense of the market-leading cryptocurrency is based on its limited supply, decentralized nature, and resistance to manipulation, characteristics that, in his view, make it the standard of the future for those seeking financial stability. 

The decline of fiat money according to Kiyosaki

In a recent post on X, Kiyosaki espoused a hardline stance against central banking systems, particularly the US Federal Reserve, quoting former US Congressman Ron Paul. publicationKiyosaki highlighted statements by the former congressman in which he defines fiat money as a system in irreversible decline. 

Since the United States abandoned the gold standard in 1971, money has ceased to be backed by tangible value, becoming central bank-issued currency without physical backing and based on trust. Experts have pointed out that this practice has triggered incessant and massive money printing, fueling rising inflation and eroding the purchasing power of both consumers and savers.

To illustrate this reality, Kiyosaki has pointed out on other occasions that a given amount of money in the past would be worth much less today, thereby explaining the devaluation of fiat currency over the decades. Therefore, he insists that storing wealth in fiat currency means losing value over the long term, and only assets with a limited supply and intrinsic value, like Bitcoin, can effectively protect that wealth.

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Monetary expansion increases public and private debt, while inflation decreases the real value of bank balances and nominal assets. In this context, Kiyosaki has warned that central banks could resort to printing money to try to stabilize the economy, which would actually accelerate devaluation.

Bitcoin, a deflationary alternative to fiat money

Bitcoin is emerging as a revolutionary innovation in the face of the weakness of fiat money. Since its inception, this cryptocurrency has been designed with a strict limit of 21 million units, making it a deflationary asset resistant to unlimited money printing. 

Its decentralized nature and blockchain technology ensure transparency and impediment to manipulation by governments or central banks, giving it integrity and trust in its use.

Unlike fiat money, whose issuance can be controlled by central banks, Bitcoin operates on a decentralized network that guarantees transparency and security of transactions. This feature is crucial for those seeking to protect their assets from the influence of traditional financial institutions. 

Bitcoin's planned scarcity, with a hard cap of 21 million coins, makes it an attractive asset in an environment of rising inflation, where the unlimited supply of fiat money can erode value over time.

The importance of financial education

Financial education is the essential foundation for effectively confronting economic crises and taking advantage of the opportunities they create. However, experts believe that traditional education systems do not adequately prepare people to understand real money, inflation, or how to protect their wealth through real assets.

For Kiyosaki, understanding how money, inflation, and smart investing work is essential to achieving financial independence, so he has urged investors to diversify, constantly learn, and act boldly, preventing fear or inaction from eroding their financial freedom.

In this sense, Kiyosaki advocates for a shift in financial mindset, where people take control of their finances and actively seek opportunities to increase their wealth. Financial education, according to Kiyosaki, is the key to empowering people and preparing them to face the economic challenges of the future.

A safe haven in the digital economy

La stance Kiyosaki's disapproval of Bitcoin is based on his perception of the cryptocurrency as a shield against currency devaluation. The current context, with the US national debt exceeding several trillion dollars and growing interest from countries like China and Russia in reducing their dependence on the dollar, partially supports his fears. 

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However, his prediction of a complete dollar collapse has been met with skepticism, as although the currency has lost purchasing power, it remains the world's primary reserve. Still, Kiyosaki insists that events such as the adoption of cryptocurrencies by institutional investors and distrust in traditional systems are propelling Bitcoin to new heights, projecting prices of up to $250.000 by the end of the year, and even up to $XNUMX million in more optimistic scenarios.

Kiyosaki's endorsement of Bitcoin is based on its fundamental design as a scarce and decentralized digital asset. Unlike fiat money, whose supply can be expanded at will by central banks, Bitcoin has a predefined hard cap, ensuring its scarcity and, therefore, its potential to maintain or increase its value over time.

Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.