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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> 
 <div class="cn-block-related-link"> 
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 <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 <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> conference is on. Very exciting. Crypto is the future. Fiat…a.k.a. FAKE <a rel="dofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> is toast.</p>— Robert Kiyosaki (@theRealKiyosaki) September 17, 2023
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 <p>Kiyosaki is optimistic about Bitcoin’s resilience, especially its ability to bounce back after downturns. He expects 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 ‘<a rel="dofollow" title="criminal" href="https://thebittimes.com/tag/criminal.html">criminal</a> <a rel="dofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a>’ to describe fiat <a rel="dofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a>. He promotes investments in assets like gold, silver, and Bitcoin as safeguards against the depreciation of fiat <a rel="dofollow" title="currency" href="https://thebittimes.com/tag/currency.html">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, estimates 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 expected 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 U.S. economy and encourages investors to see Bitcoin and other cryptocurrencies as safe havens during these tumultuous times.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/richard-kiyosaki-dubs-fiat-currency-criminal-money-advocates-for-crypto-tbt63031.html">https://thebittimes.com/richard-kiyosaki-dubs-fiat-currency-criminal-money-advocates-for-crypto-tbt63031.html</a></p>

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

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