Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, asserts that "crypto is the future." He contrasted this by calling fiat currencies, such as the dollar, "toast." He referred to fiat currency as "fake money," whereas gold, silver, and bitcoin are "people's money" and are considered to be "God's money."
Crypto is the Future, According to Robert Kiyosaki
Cryptocurrencies, in the opinion of Rich Dad Poor Dad author Robert Kiyosaki, are the wave of the future. Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 different languages.
A "massive crypto conference" is currently taking place in Singapore, Kiyosaki remarked in a post on the social networking site X Saturday, underlining that it is "very exciting." The eminent author continued:
Future of cryptocurrency. Fiat, also known as FAKE money, is toast.
Kiyosaki has long issued a warning that the days of fiat money are numbered. He frequently called fiat money, such as the dollar, "fake money." He believes that while bitcoin is "people's money," gold and silver are "God's money."
He predicted a massive fall and the demise of the US dollar back in July. The acclaimed scholar foresaw a terrible economic crisis in February that would force the Federal Reserve to issue enormous amounts of false money. Additionally, he anticipates the destruction of confidence in the currency. He predicted that as a result, by 2025, gold would reach $5,000, silver would increase to $500, and bitcoin would soar to $500,000.
The renowned author has long recommended bitcoin in addition to gold and silver. He previously acknowledged that he is an investor in bitcoin rather than a trader. In addition, he noted that he favors bitcoin since it is viewed as a commodity similar to gold, silver, and oil. He pointed out that the U.S. Securities and Exchange Commission (SEC) has classed the majority of cryptocurrency tokens as securities and warned that the securities watchdog will severely restrict most of them.
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