Best-selling author Robert Kiyosaki, known for "Rich Dad Poor Dad," has once again voiced his belief that cryptocurrency represents the future while referring to fiat currencies, including the U.S. dollar, as "toast" and "fake money." Kiyosaki has consistently warned of an impending economic downturn and loss of faith in fiat currencies, advocating for investments in gold, silver, and bitcoin. He sees bitcoin as "people's money" and likens it to commodities like gold and silver, differentiating it from most other cryptocurrencies classified as securities by the U.S. SEC.
Robert Kiyosaki: Crypto Is the Future, Fiat Currencies Are "Toast"
Renowned author Robert Kiyosaki, co-author of the best-seller "Rich Dad Poor Dad," has reaffirmed his belief that cryptocurrency is the future while issuing a stark warning about the fate of fiat currencies. In a recent social media post, Kiyosaki highlighted a "massive crypto conference" in Singapore, expressing his excitement about the event.
Kiyosaki's perspective on the future of money is crystal clear: "Crypto is the future." In contrast, he characterizes fiat currencies, including the U.S. dollar, as "toast." He has consistently referred to fiat money as "fake money." Kiyosaki distinguishes between different forms of currency, categorizing gold and silver as "God's money" and bitcoin as "people's money."
This isn't the first time Kiyosaki has sounded the alarm about the future of fiat currencies. He previously warned of an impending economic crash and the decline of the U.S. dollar. He predicted that by 2025, gold could reach $5,000, silver $500, and bitcoin $500,000.
Kiyosaki has been an advocate of bitcoin for some time, emphasizing its classification as a commodity, much like gold and silver. He has consistently recommended bitcoin as an investment, not merely a trading instrument. Notably, he has also cautioned about the U.S. Securities and Exchange Commission's (SEC) classification of most cryptocurrencies as securities, predicting that heavy regulations could impact many tokens negatively.
In summary, Robert Kiyosaki's unwavering stance on the future of money paints a picture of growing confidence in cryptocurrency, particularly bitcoin, as an alternative to traditional fiat currencies that he believes are on the brink of decline.
(Kevin Helms, Bitcoin News, 2023)