- Robert Kiyosaki believes that the US dollar is driving the decline of the American empire.
- Kiyosaki has been a long-time critic of the Federal Reserve’s monetary policies.
- Kiyosaki has advocated for cryptocurrencies like Bitcoin as a potential hedge against inflation and economic instability.
Renowned author and businessman Robert Kiyosaki has recently made a bold statement, suggesting that the “fake” dollar is driving the decline of the American empire. Kiyosaki has allegedly been a long-time critic of the US Federal Reserve’s monetary policies and has voiced his concerns over the devaluation of the US dollar.
The author of “Rich Dad Poor Dad” said this during the interview with Kitco News published on February 22, citing aspects such as excessive printing. He says:
This dollar became the reserve currency of the world. In other words, the dollar was as good as gold, that’s all changed, and today, we’re in serious trouble globally, and I’m very concerned the end of the American Empire is here.
His statements have sparked interest among cryptocurrency enthusiasts, who view the current economic climate as an opportunity for digital assets to take center stage. With the rise of cryptocurrencies like Bitcoin and Ethereum, some see them as a viable alternative to traditional fiat currencies like the US dollar.
Crypto experts point out that digital assets like Bitcoin are not subject to the same inflationary pressures as fiat currencies, as their supply is limited and predetermined by their respective algorithms. According to them, this makes them a potential hedge against inflation and economic instability.
As Kiyosaki’s comments gain traction in the mainstream media, many predict that more people will turn to cryptocurrencies to protect their wealth from the potential downfall of the US empire.
Robert Kiyosaki also revealed that he accumulated Bitcoin when the cryptocurrency was trading at around $6,000.
The financial educator, however, predicted a potential Bitcoin fall but is still confident that the asset will recover. In a similar vein, he thinks that a decline in the value of Bitcoin presents a chance for him to acquire more.