Robert Kiyosaki Criticizes the Fed, Urges Bitcoin Investment

Author of the bestseller “Rich Dad, Poor Dad” and entrepreneur Robert Kiyosaki has criticized the U.S. Federal Reserve and once again urged the purchase of gold, silver, and the leading cryptocurrency.

WHY do people look to the Fed for guidance? The Fed is the problem.

People as “Are we in recession?” All a person needs to do is go shopping and look at stores having 60% off sales.

Even a used clothing store near me is having a sale.

The Fed is made up of PhDs like my…

— Robert Kiyosaki (@theRealKiyosaki) August 16, 2024

“Why do people look to the Fed for help? The Fed is the problem. […] The Fed is made up of PhDs, like my poor dad. Highly educated poor people,” he wrote.

According to Kiyosaki, his rich dad often said that PhD stands for “poor, helpless, and desperate”.

“The Fed cannot save you. It’s time to save yourself. Buy more gold, silver, bitcoin and stop listening to highly educated poor people,” the investor added.

In January, amid the approval of spot bitcoin ETFs in the U.S., Kiyosaki predicted a price surge to $150,000. The entrepreneur urged exchanging “fake dollars” for gold, silver, and the leading cryptocurrency.

Later, he explained that he views bitcoin as “protection against the theft of savings” by authorities and bankers through inflation, taxes, and stock price manipulation. For this reason, he prefers investing in digital gold and encourages others to do the same.

Back in March, Kiyosaki predicted bitcoin would rise to $300,000 this year. In April, he called the U.S. bankrupt.

In June, the investor stated that the leading cryptocurrency would reach $300,000 by August 25. According to him, digital gold is the easiest path to becoming a millionaire.