He predicted that the U.S. dollar would soon end. He also stated that crypto is a “safer haven asset than fake fiat money government issued” because of the Russian-Ukraine conflict.
Robert Kiyosaki: War and Bitcoin
Robert Kiyosaki (author of Rich Dad Poor Dad) discussed bitcoin, the Russian/Ukraine war and the end to the U.S. Dollar in a series tweets Tuesday.
Rich Dad Poor Dad was co-authored in 1997 by Sharon Lechter and Kiyosaki. For six years, it has been on The New York Times Best Sellers List. The book has been translated into more than 51 languages in more than 109 different countries.
He wrote that Russians use bitcoin as a safety net after the collapse of the Russian ruble .
Kiyosaki tweeted Monday that the Federal Reserve and the Biden administration “want inflation” to pay off trillions of debt.
Stocking products that you will use every day, such as toilet paper, trash bags and canned goods, gold, silver and bitcoin, is a great way to invest.
In a second tweet, he explained more about oil investing. “I don’t invest in oil companies like Mobile or Exxon. I only invest in oil wells. Higher risk for higher returns. Tax breaks fantastic. Last week, oil prices rose from $70 per barrel to $130 per barrel. Two wells were drilled. The famous author said that rich get richer, but poor suffer.”
Kiyosaki stated last week that “we’re in the largest bubble in history” and that the U.S. government would seize all cryptocurrencies. He predicted that the government would regulate crypto and then launch a Fed crypto.
Many people told him that not all cryptocurrencies could be seized. His prediction was heavily criticised on social media. Decentralized cryptos like bitcoin cannot be taken within the network, and the government will have difficulty going after self-custodied cryptocurrency.
Kiyosaki discusses the End of the US Dollar
Kiyosaki also spoke out Tuesday about the demise of the U.S. Dollar. He pointed out that the U.S. hegemony in the world is ending and that the U.S. is losing its global power.
Rich Dad Poor Dad cited the news that Saudi Arabia was considering accepting Chinese Yuan in place of U.S. Dollars for Chinese oil sales.
Many people have spoken out about the U.S. Dollar losing its dominance after the conflict between Russia and Ukraine. Jim Rogers, a veteran investor, co-founded Quantum Fund along with George Soros. Rogers stated that the U.S. Dollar is now at the “end of the U.S. dollars” because international currencies are supposed to be neutral, but Washington is changing the rules.
