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<div class="finbold">
 <p class="paragraph">Although he openly admitted he didn’t know much about Bitcoin (BTC), famous investor and author of the bestselling personal finance book <em>‘Rich Dad Poor Dad’ </em>Robert Kiyosaki has been a fan of the maiden cryptocurrency and has recently bought some of the largest altcoin, Ethereum (ETH), as well.</p>
 <p class="paragraph">As it happens, Kiyosaki was discussing gold, silver, and Bitcoin as investments, as well as the declining value of the United States <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a> (USD), with his guest Andy Schectman, the CEO of Miles Franklin Precious Metals, in the latest episode of <em>‘The Rich Dad Channel’ </em>podcast premiered on May 8.</p>
 <p class="paragraph">According to the finance educator, the declining <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a> is the main reason to accumulate these alternative investments, especially considering his view that the already dire situation was only going to get <a rel="noopener noreferrer nofollow" title="worse" href="https://thebittimes.com/tag/worse.html">worse</a> and that schools, in his opinion, are not very good at teaching financial literacy:</p>
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  <p class="paragraph">“It’s a reason to buy gold, silver, Bitcoin, and all this because our currency is <a rel="noopener noreferrer nofollow" title="screwed" href="https://thebittimes.com/tag/screwed.html">screwed</a> up now, it’s going to get <a rel="noopener noreferrer nofollow" title="worse" href="https://thebittimes.com/tag/worse.html">worse</a> because our debt keeps going up. (…) The reason we buy gold, silver, and Bitcoin is the same reason – it’s not any different, just tell me how many ounces you have. (…) I buy gold, silver, Bitcoin, and I just bought some Ethereum simply for the same reason – our money is fake.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-why-people-are-getting-poorer">Why people are getting poorer</h2>
 <p class="paragraph">Furthermore, he believes that “people are getting poorer and poorer in America, because most of our school teachers and Marxists and they hate the rich, that’s why they’re going after [former US President Donald] Trump, they hate him because he’s a rich man.”</p>
 <p class="paragraph">On top of that, Kiyosaki pointed out the absence of counterparty risk issues when it comes to borrowing money in the ‘fake’ fiat currency like the <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a> as opposed to the above assets, arguing that he wouldn’t know who is the person to pay him back:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“If I borrow money, who’s the guy to pay me back? And gold and silver – you don’t need that – the same as Bitcoin, you have no counterparty risk.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-kiyosaki-and-bitcoin">Kiyosaki and Bitcoin</h2>
 <p class="paragraph">Finally, he also admitted he was something of a latecomer to the flagship decentralized finance (DeFi) asset, getting on board when the largest asset in the crypto market was already trading at $6,000, whereas today it costs about $60,000, highlighting the importance of the lesson provided by this experience.</p>
 <p class="paragraph">As a reminder, Kiyosaki has recently warned that the financial crash has already begun and listed his rules to remember during this time, including being patient, studying, making friends with similar viewpoints, starting a side business, choosing better teachers, and saving the above assets instead of money.</p>
 <p class="paragraph">It is also worth noting that, much like the founder and CEO of ARK Invest, Cathie Wood, the <em>‘Rich Dad’ </em>author believes that Bitcoin price USD could hit $2.3 million. For now, however, the price of this crypto asset is $61,253, so doing one’s own research and keeping up with BTC news is critical when investing.</p>
 <p class="paragraph"><strong>Watch the entire video below:</strong></p>
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  <div class="wp-block-embed__wrapper"><iframe title="Understanding Gold, Silver, and Bitcoin as Investments - Robert Kiyosaki, Andy Schectman" width="500" height="281" src="https://www.youtube.com/embed/fd1BHHA2h54?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/r-kiyosaki-warns-the-dollar-is-screwed-up-and-it-s-going-to-get-worse-tbt87863.html">https://thebittimes.com/r-kiyosaki-warns-the-dollar-is-screwed-up-and-it-s-going-to-get-worse-tbt87863.html</a></p>

R. Kiyosaki warns the dollar ‘is screwed up’ and ‘it’s going to get worse’

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