Bitcoin Fraud? Rich Dad Poor Father Author says the dollar is burning

The author of “Rich Tata”, by Robert Kijosaki issued another warning against investment in stock exchange (ETFS) for Bitcoin and precious metals.

He called on direct ownership as protection against what describes as a corrupt banking system.

In a recent X post, Kiyoosaki advised against gold, silver or bitcoin (Btc) ETFS, marking them “money money”. The differences between traditional financial instruments and direct property ownership due to its predictions of the financial system failure have pointed out.

“Is Bitcoin Fraud? Maybe it’s … but not so big scam as a US dollar and the American banking system …. Starting from Fed,” Kiyosaki said. He characterized central bankers as “bankers” who received governments after they lost billions, claiming that “should go to jail” instead.

Kiyosaki says Bitcoin is on sale

The author’s commentary comes in the period of instability Bitcoin prices. 27. February, as Cryptocurrency prices reduced, Kiiosaki inspected The fall of falls as an opportunity, declaring “Bitcoin collapsed. Bitcoin is on sale.” He founded basic issues not only in the American monetary system and the banking sector.

Kiyoosaki spoke about the American financial situation, claiming that the state was bankruptcy with over 230 trillions in combined debt when it includes social programs and unfinquished obligations outside the official 36-trillion of $ 36 million. He predicted that when the main holder like Japan and China, they stop buying American bonds, “inflation will pass through the roof”, potentially causing economic collapse and devaluation in the dollar.

The financial author consistently advocated for tangible assets during economic uncertainty. In a separate tweet focusing on silver, Kiyoosaki suggested that metal was set for significant growth. He predicted an increase of approximately $ 32 per ounce at $ 70 within a year when the gold is interrupted through $ 3,000.

His possession on property prices shows its views on currency inflation and devaluation: “The price of gold, silver and bitcoin do not go. Inflation brings buying power … the value of their fake money down.”