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Cryptocurrency News Articles

The popular author of “Rich Dad Poor Dad” has made a dire warning on the dangers of fiat money.

May 11, 2025 at 03:18 pm

On May 10, 2025, at 04:43 UTC, Kiyosaki implemented X to encourage people to exit what he calls “fake money” and think about decentralized assets such as Bitcoin, gold, and silver.

The popular author of “Rich Dad Poor Dad” has made a dire warning on the dangers of fiat money.

The popular author of "Rich Dad Poor Dad" has made a dire warning on the dangers of fiat money.

On May 10, 2025, at 04:43 UTC, Kiyosaki implemented X to encourage people to exit what he calls "fake money" and think about decentralized assets such as Bitcoin, gold, and silver. His view suggests a greater dissatisfaction with the power of central banking systems.

To support his view, Kiyosaki quoted Ron Paul, the former Congressman and author of End the Fed. Ron Paul, the one who is also famous for his attacks on the central banks, perceives their interference with interest rates as a form of price fixing. He considers them instances of controlling economic systems based on socialist and Marxist theories, which, he reports, hinder the development of personal assets and freedoms.

On X, Kiyosaki supported Paul’s position that the central banks manipulate prices, curb production, and encourage socialist regulations. He emphasized that such practices may lead to a mass of dishonest practices that affect important indicators such as financial information, leader behavior, and routine transactions.

Fiat currency can cause massive corruption in many areas of the economy, Kiyosaki observed. He encouraged people to ensure their finances are safe by investing in assets that are not under central authority, including Bitcoin, gold, and silver.

Kiyosaki’s point of view is based on his long campaign for personal financial independence. He is a habitual attacker of the U.S dollar by stating that widespread government spending and the policies of the central bank degrade its value. Kiyosaki’s stance agrees with the Austrian economic thought of assets outside political reach.

Bitcoin, along with gold and silver, is a secure asset for investing.

Kiyosaki’s support for Bitcoin, as well as traditional safe havens in form of gold and silver, demonstrates a spike in investor interest in the defensive approach in times of inflation. Because Bitcoin is a decentralized digital currency, it operates outside the purview of any central authority, thereby eliminating the manipulations that are condemned by both Kiyosaki and Paul.

Gold and silver have been the traditional investors’ funds for the security of the asset value. Unlike the government-backed currency that can be printed endlessly, gold and silver have a limited stock, which protects them from inflation. Kiyosaki indicates that people invest in these assets to protect their wealth from risks that central bank actions create.

Central Banking Under Scrutiny

Among the aims that Kiyosaki agrees with, Ron Paul’s End the Fed perspective, the disbandment of the United States Federal Reserve, and the reinstatement of the gold standard are particularly important. Paul’s case is that the Federal Reserve is a quasi-governmental entity that often favors the needs of bankers at the expense of the needs of the common man, which can lead to economic volatility.

As The X Post reports, Kiyosaki believes that centralization in finance causes people to lose their freedoms. Kiyosaki was worried that whenever the central banks manipulate interest rates and the supply of money, the economic statistics may be in error, corporate financials skewed, and personal relations damaged.

Global investors looking for non-traditional assets should consider Bitcoin, gold, and silver, according to Kiyosaki, since economic instability is only going to get worse. Particularly interesting is the increasing reputation of Bitcoin as an inflation defense, which originated from its pricing dynamics, which often stray away from the well-established market norms.

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Other articles published on May 12, 2025