Fiat’s Fall as ‘Criminal Money’ in Robert Kiyosaki’s Pro-Crypto Narrative

‘Rich Dad Poor Dad’ author, Robert Kiyosaki, offers his bullish take on cryptocurrencies, particularly Bitcoin, seeing a bright future ahead.

Amidst the buzz of the TOKEN2049 crypto conference happening Sept. 18-19, Kiyosaki took to X (formerly known as Twitter) to voice his optimism. In his view, as cryptocurrencies flourish, traditional fiat currencies like the U.S. dollar are nearing their decline.

“Bitcoin could hit $120,000 next year,” the author shared on Sunday, attributing this predicted surge to events such as the halving. Kiyosaki further emphasizes Bitcoin’s robustness, pointing out its proven ability to rally after financial setbacks.

But it’s not all about Bitcoin for Kiyosaki. Describing fiat currency as ‘criminal money’, he champions alternative assets. From gold and silver to Bitcoin, he perceives these as shields against the impending inflation. This inflation, he believes, results from pumping trillions into the economy.

Kiyosaki does warn of repercussions, particularly for the middle class. In a surprising move, he pinpoints President Joe Biden’s green energy policies as a potential aggravator, despite evidence to the contrary. Data, including reports from Bank of America, suggest Biden’s policies under the Inflation Reduction Act have spawned over 86,000 clean energy jobs. A notable 50,000 of these are in the electric vehicle sector. Forecasts project another 1.5 million jobs in the pipeline for the coming decade.

Beyond job numbers, Kiyosaki’s reservations stretch to the actions of the U.S. government and the Federal Reserve. He criticizes their excessive money creation practices. Facing the horizon, he foresees a looming U.S. economic crisis, underscoring the importance of considering assets like Bitcoin as protective measures in such challenging landscapes. Some of his words spoken in the past include “America is dying, dollar may become toilet paper.