The debate on the future of Fiat currencies and the rise of cryptos continues to intensify. While the United States faces lasting inflation and record debt, some experts call into question the viability of the traditional financial system. Robert Kiyosaki, entrepreneur and author of the best-seller “rich father poor father”, has never hidden his skepticism vis-à-vis the US dollar. He once again revived the debate and describes the American motto as “Scam”. In addition, he says Bitcoin represents the future. His remarks, although extremely for some, resonate with many investors concerned with monetary instability and the loss of purchasing power.
The dollar, a monetary illusion maintained by central banks
Robert Kiyosaki's statements leave no room for ambiguity. In a recent publication on social networks, he says that “the dollar is a scam” and accuses the American federal reserve of maintaining a faulty system for the benefit of financial elites. According to him, rampant inflation and massive debt of the United States lead to inexorably to a loss of value of the national currency, which weakens the savings and the purchasing power of citizens. “Central banks do not protect people, they enclose them in a corrupt system”, Assène-Al in a publication on the social network X (ex Twitter) on 1.
This criticism is part of a disturbed economic context where expansionist monetary policies have greatly diluted the value of the dollar. For Kiyosaki, this situation is not a coincidence, but the result of voluntarily biased management which promotes major financial institutions to the detriment of the public. In particular, he evokes the role of the Fed in the rescue of banks in difficulty, and denounces a system where the risks are assumed by the population while the profits remain privatized.
Bitcoin and tangible assets: the key to getting out of the financial trap
Faced with this critical observation, Kiyosaki defends a radical alternative. Rather than keeping dollars dedicated, according to him, to lose value, he advises investing in assets capable of resisting inflation and manipulations of central banks. “Bitcoin, gold and silver are the only viable options to preserve its richness,” he says. This is not the first time that the author has recommended these investments, but his tone has been more and more urgent when confidence in Fiat currencies is crumbling.
It also warns against Bitcoin -derived financial products, such as ETFs. According to him, these financial instruments do not guarantee a real property of the assets and remain under the control of the same institutions that he criticizes. So, “if you don't hold your Bitcoin directly, then you don't really have it,” he warns. This position joins that of an increasing fringe of investors convinced that the only way to escape the manipulations of the markets is to opt for total control over its assets.
Kiyosaki's speech, although extreme, reflects an increasing concern in the face of global economic uncertainties. While the American debt continues to grow and central banks are struggling to contain inflation, more and more investors are looking for alternative shelters. Bitcoin, often perceived as a “reserve of value”, could see its adoption accelerate as distrust of the traditional monetary system intensifies. It remains to be seen whether these trends will be confirmed or if the dollar will know, once again, avoid the sinking announced by its detractors.
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