Robert Kiyosaki’s Perspective on Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, a staunch advocate for Bitcoin, has criticized the education system for teaching children to rely on an inflationary currency while highlighting Bitcoin’s benefits. He expressed this sentiment during a podcast with Jordan Walker, Co-Founder of Bitcoin Collective, on Wednesday.
Kiyosaki did not hold back in his criticism of central banks, labeling them as “criminal organizations” and describing them as “Marxists.” He contends that every time central banks print money, it enriches the wealthy while leaving other economic classes to struggle.
Inflation and its Effects
According to the US Bureau of Labor Statistics’ headline inflation calculator, a person holding $1,000 from August 2000 to August 2025 will have experienced a nearly 47% loss in purchasing power due to headline inflation.
The Federal Reserve has set a goal of maintaining a 2% inflation rate annually; however, since 2021, it has failed to achieve this target. In August, the headline inflation rate was recorded at 2.9%, while core inflation was at 3.2%.
Bitcoin’s Price Surge
In contrast, Bitcoin has seen a significant increase of over 900% in the past five years, rising from approximately $11,670 to around $117,200 at the time of this writing, as per CoinGecko.
Kiyosaki shared that it took him quite some time to grasp the concept of Bitcoin. He began buying it when it was priced at $6,000 and now holds 60 BTC, valued at roughly $7 million. “And Bitcoin, when it came out, it took me a while to figure it out. Like I bought it at $6,000, and I’m still saying, ‘Why didn’t you buy more, asshole?’ But today, I don’t have that many. I have about 60 Bitcoin, you know,” Kiyosaki remarked.
Diversifying Investments
Kiyosaki mentioned that he now utilizes the profits from his rental properties to invest in oil, gold, silver, Bitcoin, and Ethereum. Additionally, he predicted in April that Bitcoin could reach the $1 million milestone within the next decade.
Despite his optimism regarding BTC, Kiyosaki has previously expressed a more skeptical view, stating that the “odds are gold, silver, and Bitcoin will bust too,” indicating that he would begin acquiring more of these assets at that point.
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He also cautioned investors against ETFs, describing them as “paper assets” that are at risk during a bank run. Nonetheless, he acknowledged that ETFs provide the simplest method for retail investors to engage with various assets.
The Impact of Inflation on Cryptocurrency
Kiyosaki’s assertions during the podcast resonate with reality; inflation, particularly hyperinflation, diminishes the purchasing power of the average person. In fact, individuals in countries facing severe inflation are increasingly turning to cryptocurrency as a means of financial protection.
For instance, Venezuelans have started using stablecoins like Tether (USDT) in their daily transactions, as the annual inflation rate soared to 229%. At the beginning of the year, one US dollar traded for 51.95 Venezuelan bolívar. Today, that same dollar can buy 161.74 bolívar, according to foreign exchange processor Xe.
Predictions from Experts
Similarly, Saifedean Ammous, author of The Bitcoin Standard, has predicted that investors will gravitate towards the US dollar and Bitcoin, anticipating that the devaluation of the Argentine peso will lead people to abandon both the currency and the country’s bonds. Real Vision co-founder and CEO Raoul Pal has also advised investors to hold more cryptocurrency and NFTs as a safeguard against rapid currency debasement.
