Robert Kiyosaki, the author of Rich Dad, Poor Dad, has described the US dollar as a scam,and also stated that bitcoin and other cryptocurrencies are “currencies of the people” that will outlive fiat currency.
Dollar A Scam?
In his words:
“The US Dollar is a scam…I think the dollar is toast because gold and silver and cybercurrency are going to take it out…The US Dollar is gone…In the year 2000 there was one currency, the US Dollar. It was called the reserve currency of the world…and then came bitcoin or cybercurrency.”
Discussing his new book, Fake: Fake Money, Fake Teachers, Fake Assets, Kiyosaki mentioned that he wrote about how gold, bitcoin, and other cryptocurrencies are a better hedge against an impending collapse of the financial market.
He also stated,“In my new book… I talk about the three types of money today: God’s money, which is gold and silver, government’s money which is fiat currency, which is done by government decree which is the dollar… Then there’s the people’s money, which is cybercurrency on the blockchain technology. Gold is a hedge and I am expecting a collapse on the system…[and] which is why you are into cybercurrencies now… bitcoin and ethereum.”