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<p class="is-style-lead">Robert Kiyosaki, the acclaimed author of ‘<em>Rich Dad Poor Dad</em>,’ recently shared his positive sentiments about cryptocurrencies as the future of money.</p> 
<p class="is-style-default">Bitcoin, the author says, could reach $120,000 next year and warns of a potential economic crisis, urging investors to consider digital currencies as a haven.</p> 
<h2 class="wp-block-heading" id="kiyosaki-predicts-grim-fate-for-fiat-currencies">Kiyosaki predicts grim fate for fiat currencies</h2> 
<p>Kiyosaki recently tweeted about his strong beliefs in the potential of cryptocurrencies, owing to the upcoming TOKEN2049 crypto conference set to take place from Sept. 18-19. </p> 
<p> You might also like: <a href="https://crypto.news/robert-kiyosaki-sounds-alarm-over-bank-failures/"> Robert Kiyosaki sounds alarm over bank failures </a> </p> 
<p>He took to X (previously Twitter) to express his views, saying cryptocurrencies are the future and that traditional fiat currencies, particularly the U.S. dollar, are on their way out.&nbsp;</p> 
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   <p lang="en" dir="ltr">In Singapore at same time massive crypto conference is on. Very exciting. Crypto is the future. Fiat…a.k.a. FAKE money is toast.</p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1703204284442259632?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 17, 2023</a>
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<p>Kiyosaki is optimistic about Bitcoin’s resilience, especially its ability to bounce back after downturns. He <a href="https://crypto.news/rich-dad-robert-kiyosaki-says-btc-going-to-100k/">expects</a> the king coin’s price to skyrocket to $120,000 next year, spurred by the halving event.</p> 
<h3 class="wp-block-heading" id="kiyosaki-says-green-energy-hurts-middle-class-data-proves-otherwise">Kiyosaki says green energy hurts middle class; Data proves otherwise</h3> 
<p>Kiyosaki uses the term ‘criminal money’ to describe fiat currency. He promotes investments in assets like gold, silver, and Bitcoin as safeguards against the depreciation of <a href="https://crypto.news/fiat-currency-beat-crypto-says-bis-head-carstens/">fiat currency,</a> which he predicts will occur due to trillions being injected into the economy and subsequent rampant inflation.</p> 
<p>The financial expert also warns about the possible fallout from inflation, with the middle class bearing the brunt of the impact. He blames President Joe Biden’s green energy policies as a contributing factor, even though data shows the opposite. Bank of America, for example, <a href="https://business.bofa.com/en-us/content/bank-of-america-institute/sustainability/IRA-ripple-effect.html?utm_source=Email_Institute&amp;utm_medium=Email&amp;utm_campaign=Institute_Insights_EVs_August_23&amp;utm_content=080123_n_04_bank-of-america-institute/sustainability/IRA-ripple-effect.html" data-type="link" data-id="https://business.bofa.com/en-us/content/bank-of-america-institute/sustainability/IRA-ripple-effect.html?utm_source=Email_Institute&amp;utm_medium=Email&amp;utm_campaign=Institute_Insights_EVs_August_23&amp;utm_content=080123_n_04_bank-of-america-institute/sustainability/IRA-ripple-effect.html" target="_blank" rel="noopener">estimates</a> that the Biden Administration — through the Inflation Reduction Act’s climate provisions — has created more than 86,000 clean energy jobs thus far, including 50,000 jobs related to electric vehicles.</p> 
<p>Some 1.5 million additional jobs are <a href="https://laborenergy.org/fact-sheets/lep-analysis-of-the-inflation-reduction-act-key-findings-on-jobs-inflation-and-gdp/" data-type="link" data-id="https://laborenergy.org/fact-sheets/lep-analysis-of-the-inflation-reduction-act-key-findings-on-jobs-inflation-and-gdp/" target="_blank" rel="noopener">expected</a> over the next decade.</p> 
<p>Kiyosaki has repeatedly criticized the U.S. government and the Federal Reserve for their continued money printing. He anticipates a major crisis in the <a href="https://crypto.news/optimism-on-us-economy-may-weigh-btc-usd-down/">U.S. economy</a> and encourages investors to see Bitcoin and other cryptocurrencies as safe havens during these tumultuous times.</p> 
<p> Read more: <a href="https://crypto.news/rich-dad-kiyosaki-disputes-wsjs-economic-narrative-advocates-bitcoin/"> ‘Rich dad’ Kiyosaki disputes WSJ’s economic narrative, favors Bitcoin </a> </p>

Kiyosaki dubs fiat currency ‘criminal money,’ advocates for crypto

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