Robert Kiyosaki Raises Caution Against US Dollar Losing Value, Prefers Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki delivered a statement to his followers, explaining to them the deterioration of the US dollar in the long run.

In a recent social media post, Kiyosaki wrote that the US dollar has lost 95% of its purchasing power since the 1970s.

He noted that holding any currencies, especially fiat currency, is economically risky, and he encouraged investors to think of alternatives, like Bitcoin.

Only recently, the financial writer again expressed his confidence in Bitcoin price reaching a million dollars in the near future.

Robert Kiyosaki Reveals US Dollar Lost 95% Since 1970s

Financial analyst and author of Rich Dad Poor Dad, Robert Kiyosaki, has once again raised his voice against the US dollar, terming it a fake currency in one of his recent X posts.

According to him, the US dollar has lost close to 95 percent of its purchasing power since he was in his 20s.

Robert Kiyosaki used this historical decline to argue that saving in fiat money is not a safe long-term strategy.

In the same post, Kiyosaki criticized fiat currency holders, stating that people often fail to connect rising food prices with the weakening dollar.

He told a story about a peer who confidently kept her savings in the bank despite increasing inflation.

According to him, such savings lose real value over time, and he cited the rising cost of basic items like eggs as a clear example.

Kiyosaki urged people to stop storing their financial future in US dollars and instead look at assets like Bitcoin, gold, and silver. He restated one of his long-standing financial teachings: “Savers are losers.”

This quote, often repeated in his books and speeches, refers to how inflation erodes cash holdings in traditional bank accounts. In his view, banks print more money while savers see no protection for their purchasing power.

Bitcoin Purchase Confirmed as Kiyosaki Predicts $1M Target

Most recently, Robert Kiyosaki revealed publicly on social media that he had actually bought Bitcoin again.

He acknowledged that his action might end up proving wrong, but he said he was willing to lose short term in case he failed to take advantage of what he perceives as the long-term potential of Bitcoin.

Robert Kiyosaki still believes that the BTC price may be in the range of one million dollars per coin in the long-term perspective.

The financial author added he is comfortable risking 100K on Bitcoin, saying the lessons he has gained on previous losses have been more important than the money itself.

More so, he pointed to his early investment history, where he bought his first property using a credit card and generated $25 a month in passive income.

That deal took place in Hawaii in 1973, at a time when he said the dollar’s value had already begun its long-term decline.

Robert Kiyosaki emphasized again that holding US dollar savings is not a financially sound strategy. He said that traditional bank deposits, often seen as safe, have steadily lost value due to inflation and central bank money printing.

Bitcoin Price Action and Market Sentiment

Following Robert Kiyosaki’s criticism of the US dollar, Bitcoin price traded at $108,700, reflecting a 1.83% increase over the past seven days.

Despite a 23% drop in 24-hour volume, Bitcoin market cap remained above $2.16 trillion, with the fully diluted valuation (FDV) at $2.28 trillion.

More so, the BTCUSD chart shows a rebound from a short dip near $106,000 on July 2, as buyers re-entered the market.

Nevertheless, even with the bullish Bitcoin forecast by Robert Kiyosaki, the leading cryptocurrency may trade as low as $40,000, as per analyst Ali Martinez.

He highlighted an unusual TD Sequential quarterly sell signal, which had foreshadowed the significant crashes in 2015 and 2018.

The post Robert Kiyosaki Raises Caution Against US Dollar Losing Value, Prefers Bitcoin appeared first on The Coin Republic.