Robert Kiyosaki Slams Fiat Currencies, Calling Them “Fake Money” and Warning Users to Move to Bitcoin

Robert Kiyosaki has once again slammed fiat currencies by calling them “fake money” and warning users to move to decentralized assets like Bitcoin

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has once again expressed his disdain for fiat currencies, which he terms "fake money," and urged users to pivot toward decentralized assets like Bitcoin, gold, and silver.

Sharing his thoughts in a post early Saturday, Kiyosaki, known for his outspoken views on finance and economics, cited former Congressman Ron Paul, who has consistently advocated for a return to sound money principles.

Kiyosaki highlighted Paul's warning that central banks "fix prices" through interest rate control, a move which Paul labels Marxist central planning in his book "The Federal Reserve: A Very Personal History."

"Central bank systems aim to confiscate wealth and undermine individual liberties," Paul wrote in his book, as shared by Kiyosaki in the post.

Kiyosaki's post aligns him with libertarian voices who oppose central banking and prefer a decentralized financial system.

"Fake money leads to a dishonest system: fake accounting, fake statistics, fake leadership," stated Kiyosaki, adding that his followers should not "save or earn" in fiat money.

Instead, Kiyosaki urged them to protect their future by adopting real assets.

"Get on your own decentralized gold, silver and Bitcoin standard," he advised.

This stance follows Kiyosaki's long-standing support of Bitcoin as "people's money," which he often promotes as protection against inflation and government overreach.

Kiyosaki's message carries weight as financial institutions grow increasingly involved in the crypto space. However, despite the involvement of large institutions like BlackRock in Bitcoin ETFs, there are still significant hurdles to overcome for broader adoption.

As reported by ChainEdge, a crypto analytics firm, predicts that the Bitcoin price could surge to $670,000 by early 2025 as part of a new bull market cycle. The firm's analysis, which assesses on-chain metrics, suggests that BTC's price will enter a steeper ascent as the halving approaches in 2024.

Most financial experts are speculating about how much the Bitcoin price will appreciate. Prominent individuals such as Arthur Hayes and Robert Kiyosaki are forecasting BTC to reach $1 million in the not-so-distant future.

Such lofty forecasts are coming as concerns grow about economic stability worldwide in the ongoing U.S.-China war.

And it looks like the U.S. regulators have also started to listen as Robert Kiyosaki pushes for sound money and decentralized finance. For instance, the Federal Reserve just removed strict rules on crypto banking, which also opens the door for wider adoption.