Robert Kiyosaki Claims Bitcoin Could Be a Scam: What You Need to Know

Robert Kiyosaki Warns: The Federal Reserve is a Bigger Scam Than Bitcoin

Robert Kiyosaki, the financial education advocate and author of Rich Dad Poor Dad, has once again sparked discussions among his millions of followers on X (formerly Twitter) about the value of Bitcoin, gold, and silver as safe-haven assets. In a recent post, Kiyosaki responded to a frequent question he receives, asking what the best hard assets are. Instead of offering a direct answer, Kiyosaki posed a thought-provoking question, asking, “Why do people spend so much time discussing stupid differences?”

He emphasized that the only “correct answer” to this debate is to focus on the quantity of real gold, silver, and Bitcoin one holds in their portfolio. Citing Albert Einstein, Kiyosaki also quipped, “Two things are infinite. The universe and human stupidity,” a remark likely directed at those overcomplicating the issue.

Bitcoin vs. Gold and Silver: A Heated Debate

While Kiyosaki advocates for all three assets, many commentators disagreed with his view, arguing that Bitcoin is the future of money, surpassing both gold and silver. Some users on X insisted that anyone who truly understands what makes money valuable would only opt for Bitcoin. Others even labeled Bitcoin as “the hardest asset,” dismissing precious metals as relics of the past.

However, Kiyosaki’s comments took a controversial turn when he stated that Bitcoin might be a scam. He clarified, acknowledging that many believe Bitcoin could indeed be a scam. Nevertheless, Kiyosaki pointed out that he believes the Federal Reserve and the U.S. dollar pose a much larger scam, considering the Fed’s ability to print money out of thin air and bail out banks during financial crises like those seen in 2023.

Kiyosaki’s Investment Advice: Focus on Physical Assets

In his post, Kiyosaki recommended investing in real gold, silver, and Bitcoin to protect savings against banks and inflation. He specifically warned against investing in Bitcoin exchange-traded funds (ETFs), calling them “bankster’s money.” Kiyosaki emphasized that the true value lies in direct ownership of Bitcoin and holding physical gold and silver rather than paper-backed assets.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.