Robert Kiyosaki: Why Bitcoin Is the "Real Money" in a World of Fiat Currencies

Robert Kiyosaki Champions Bitcoin as "Real Money"

Financial educator and best-selling author of "Rich Dad, Poor Dad," Robert Kiyosaki, has once again made headlines with his bold stance on Bitcoin. In a recent podcast appearance, Kiyosaki referred to Bitcoin as "real money" while dismissing government-issued fiat currencies as "fake money" that consistently loses value over time.

Kiyosaki, who has built his reputation on unconventional financial advice, revealed he personally holds approximately 60 BTC, a position currently valued at over $7 million with Bitcoin trading around $117,650. The author claims to have acquired most of his Bitcoin holdings in 2019 when the cryptocurrency was trading at approximately $6,000.

The Problem with Fiat Money According to Kiyosaki

Central to Kiyosaki's argument is his critique of the modern financial system. He contends that the current educational system encourages people to work hard for what he considers "fake money" - currencies that governments can print at will, leading to inflation and devaluation over time.

"We need to return to real money," Kiyosaki stated during the podcast. "When Bitcoin emerged, it took me time to understand it. I bought it at $6,000 and I still ask myself: 'Why didn't you buy more, you idiot?'"

The financial educator didn't hold back in his criticism of central banks, which he characterized as "criminal organizations" that print money at the expense of the middle class. According to Kiyosaki, every time central banks create new currency, they devalue existing money, effectively making the average person poorer while the wealthy, who hold appreciating assets like real estate or stocks, continue to prosper.

Bitcoin as Protection Against Inflation

For Kiyosaki, "real money" must maintain its value over time. He specifically points to gold, silver, and Bitcoin as examples of true currency alternatives that can serve as hedges against inflation.

The author encourages his followers to begin investing in Bitcoin, even if in small amounts: "I tell everyone to simply start with satoshis. But most importantly, get out of [fiat currency]."

Kiyosaki's optimism about Bitcoin extends to his price predictions, as he has previously stated he believes Bitcoin will reach $1 million by 2030. This ambitious forecast aligns with his view that traditional currencies will continue to deteriorate in value as governments print more money to address economic challenges and mounting debts.

Institutional Support Growing for Bitcoin

Kiyosaki's perspective on Bitcoin as a store of value is increasingly shared by institutional investors. Major companies have added Bitcoin to their balance sheets, and financial institutions have launched Bitcoin-related investment products to meet growing demand.

The rising interest in Bitcoin as a hedge against inflation and currency devaluation comes as many countries experience significant increases in their money supply and national debts. This has led more investors to consider alternatives to traditional fiat currencies.

The Future of Money According to Kiyosaki

Looking ahead, Kiyosaki envisions a financial landscape where decentralized currencies like Bitcoin play an increasingly important role. He suggests that as more people recognize the inherent flaws in fiat currencies, they will turn to alternatives with fixed supplies that cannot be manipulated by central authorities.

While critics argue that Bitcoin's volatility makes it unsuitable as a currency, proponents like Kiyosaki counter that Bitcoin's long-term trajectory has been upward, unlike fiat currencies which consistently lose purchasing power over decades.

Whether Kiyosaki's predictions come true remains to be seen, but his vocal support for Bitcoin continues to influence many in the investment community to reconsider their assumptions about money, value, and the future of global finance.