'Rich Dad Poor Dad' Author Robert Kiyosaki Says Crypto Is Future And Fiat Is 'Fake' Money

Financial guru and author of the best-selling book “Rich Dad Poor Dad,” Robert Kiyosaki, has made a bold statement regarding the future of money. 

What Happened: Taking to X (formerly Twitter), Kiyosaki on Sunday said that fiat money is “toast” and crypto is the way forward. 

Kiyosaki shared his thoughts while attending the TOKEN2049 cryptocurrency conference in Singapore. "Crypto is the future. Fiat…a.k.a. FAKE money is toast," he tweeted.

Kiyosaki has expressed his admiration for gold, silver, and Bitcoin, which he refers to as “digital gold.” He believes these assets are of utmost importance. In fact, in April he predicted that Bitcoin BTC/USD will soon reach $100,000, attributing this to Bitcoin being the “people’s money” and gold and silver being “God’s money.” 

Kiyosaki also suggested that if stock and bond markets were to crash, Bitcoin could rise even higher, potentially reaching $1 million. He suggests that such events would also drive up the value of gold and silver.

He has been a long-time advocate for metals like gold and silver, and BTC. He believes that these assets have a special power and have been sought after and fought for throughout history.

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Why It Matters: Last year, Kiyosaki said that the Bitcoin revolution would be bigger than the gunpowder revolution. He likened the cryptocurrency to an auditor that audits the actions of the Federal Reserve.

Kiyosaki also pointed to the BRICS meeting in South Africa, which took place on August 22, as another reason to expect a surge in Bitcoin’s value. 

Price Action: At the time of writing, BTC was trading at $26,646.14, up 0.43% in the last 24 hours, according to Benzinga Pro.

Photo Courtesy: Wikimedia Commons

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