Rich Dad, Poor Dad author says Bitcoin, gold, and silver are real money in an inflationary world
Robert Kiyosaki, the bestselling author of Rich Dad, Poor Dad, has once again criticized the global financial system, arguing that children are being indoctrinated to work for “fake money.” He believes assets like Bitcoin, gold, silver, oil, and Ethereum represent what he calls “hard money,” in contrast to inflationary fiat currencies.
Education system and “fake money”
Speaking on a recent podcast, Kiyosaki said the school system trains young people to follow outdated financial advice. “Poor people are poor because they have no idea what real money is. My poor dad, professors, they indoctrinate kids to work for fake money. Go to school, get a job, work hard, save money, and invest in a 401(k) full of garbage,” he stated.
He further criticized central banks, calling them “criminal organizations” and “Marxists” that enrich the wealthy at the expense of the middle and lower classes. “Every time you print money, guys like me get richer, but the poor and middle class get poorer,” Kiyosaki said.
Inflation and the Bitcoin alternative
According to U.S. inflation data, $1,000 held in cash since 2000 has lost nearly 47% of its purchasing power. In comparison, Bitcoin has surged over 900% in the past five years, rising from around $11,670 to approximately $117,200 today.
Kiyosaki admitted he was slow to adopt Bitcoin but began buying when it was priced around $6,000. He currently owns about 60 BTC, worth roughly $7 million, and has repeatedly called Bitcoin a hedge against systemic financial risks.
Hard assets and future outlook
Beyond Bitcoin, Kiyosaki continues to accumulate gold, silver, oil, and Ethereum through income from his rental properties. He has even predicted that Bitcoin could hit $1 million within the next decade, while cautioning that even hard assets could face temporary corrections before new growth cycles.
He warned investors about overreliance on ETFs, which he described as “paper assets” vulnerable to financial shocks, though he acknowledged they are the simplest entry point for retail buyers.
Global inflationary pressures
Kiyosaki’s warnings resonate in countries hit hardest by inflation. In Venezuela, where annual inflation recently hit 229%, citizens increasingly rely on stablecoins like USDT for everyday transactions. Similarly, Argentina continues to face currency devaluation, pushing more people toward Bitcoin and other digital assets.
Financial experts like Saifedean Ammous and Raoul Pal also argue that crypto adoption will accelerate as traditional currencies lose value, making digital and hard assets essential for protecting wealth.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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