Robert Kiyosaki: Bitcoin May Be a Scam, But the US Dollar Is Worse

Robert Kiyosaki said that bitcoin "may be a scam" but considers the US dollar and banking system worse. He supports buying bitcoin, gold, and silver. Robert Kiyosaki: Bitcoin may be a scam, but he's still buying - Here's why Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, once again made headlines with his criticism of the US financial system. The renowned investor and entrepreneur took to social media platform X on March 1 to share his views on bitcoin and the banking system, continuing his straightforward financial prediction model. He wrote: Is Bitcoin a scam? It could be... But not to the extent of the US dollar and the US banking system. His remarks reflect his continuous suspicion of traditional financial institutions and his belief that fiat currency is depreciating due to poor economic management and inflation. Despite his own skepticism, Kiyosaki has always supported bitcoin as a hedge against economic instability. He has repeatedly urged his followers to buy bitcoin, along with gold and silver, as a means to protect their assets. His views align with his broader philosophy of financial independence and avoiding reliance on traditional banking institutions. For years, he has maintained that digital assets and precious metals are safer alternative choices to fiat currencies, which he believes are losing value due to government policies and inflation. In addition to supporting bitcoin, Kiyosaki has long warned of an impending market and economic collapse. He frequently predicts financial turmoil, citing factors such as excessive money printing, increasing debt, and banking instability. His warnings often emphasize the need for individuals to take financial precautions and seek alternative assets to protect their wealth. Kiyosaki reiterates his concerns in the same post on X, he writes: I predict our financial system will collapse. Protect yourself from loan sharks. Buy real gold, silver, and bitcoin. No gold, silver, or bitcoin ETFs... it's the money of loan sharks. The declaration of this famous author reinforces his belief that financial institutions manipulate the market and traditional financial instruments, such as (ETF) exchange-traded funds, do not provide true ownership rights to assets. Kiyosaki's investment warnings and advice continue to resonate with many who share his skepticism about mainstream financial systems. His consistent message about economic instability and investing in alternative assets has solidified his role as a leading voice in financial education.