bullish

Bitcoin

Impact

Collective

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 Rich Dad Poor Dad author Robert Kiyosaki, a well-known advocate for <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>, criticizes the traditional financial education system, asserting that it is “criminal” for teaching children to work for an inflationary currency while promoting the virtues of <a rel="noopener noreferrer nofollow" target="_blank" href="https://www.cryptobreaking.com/go/etoro/">cryptocurrencies</a> like <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>.
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 “Poor people are poor because they have no idea what real money is. And so our academic system, you know, my poor dad, professors, they indoctrinate and they train kids, young people even today to work for fake money.”
 </blockquote>
 During a recent podcast with <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> Collective Co-Founder Jordan Walker, Kiyosaki voiced his frustration with the current financial advice, urging people to rethink the assumptions about saving and investing. “Go to school, get a job, work hard, save money, and invest in a 401(k) full of garbage,” he said, emphasizing the need for smarter financial strategies.
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 <img src="https://www.cryptobreaking.com/wp-content/uploads/2025/09/01995b7a-314a-79da-9706-54e90537f4b9.png" title="">
 <figcaption style="text-align: center">
 Kiyosaki at FreedomFest in July 2024. Source: <a target="_blank" href="https://commons.wikimedia.org/wiki/File:Robert_Kiyosaki_(53863239752).jpg" rel="noopener noreferrer nofollow">Wikimedia Commons</a>
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 Kiyosaki strongly condemns central banks, labeling them akin to “criminal organizations” and even calling them “Marxists.” He argues that their practice of printing money benefits the wealthy while burdening the middle and lower classes.
 <blockquote>
 “So every time you print money, you print this fake stuff here. Guys like me get richer, but the poor middle class get poorer.”
 </blockquote>
 Inflation remains a major concern. According to the US Bureau of Labor Statistics, holding $1,000 from August 2000 to August 2025 has resulted in a loss of nearly 47% of its purchasing power, mainly due to persistent inflationary pressures. Despite the Federal Reserve’s target of 2% annual inflation, recent figures have hovered near 3%, with August’s headline inflation at 2.9% and core inflation at 3.2%.
 Meanwhile, <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> (<a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a>) has experienced extraordinary growth over the past five years, rallying over 900%, roughly rising from $11,670 to around $117,200, according to CoinGecko.
 <h2 id="kiyosaki-s-bitcoin-holdings-and-future-outlook">Kiyosaki’s Bitcoin holdings and future outlook</h2>
 The billionaire author admits it took time for him to understand <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>’s potential but now holds about 60 <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a>, valued at approximately $7 million. He purchased <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> initially around $6,000 and wishes he had acquired more at the time.
 He now invests the proceeds from his rental properties into gold, silver, oil, <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>, and <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ethereum.aspx?TargetURL=https://www.etoro.com/markets/eth">Ethereum</a>. In April, Kiyosaki predicted that <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> could reach $1 million over the next decade, emphasizing its potential as a hedge against inflation.
 Despite his bullish stance, Kiyosaki has previously expressed skepticism, suggesting that assets like gold, silver, and <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> might also see declines before rallying again. He cautions investors about ETFs, describing them as “paper assets” vulnerable to bank runs but admits they are accessible for retail investors seeking exposure to <a rel="noopener noreferrer nofollow" target="_blank" href="https://www.cryptobreaking.com/go/etoro/">crypto</a> and precious metals.
 <h2 id="impact-of-inflation-worldwide">Impact of inflation worldwide</h2>
 Kiyosaki’s views resonate in countries experiencing hyperinflation. Venezuela’s citizens, facing inflation rates of over 200%, increasingly rely on stablecoins such as Tether (USDT) to protect their savings. The Venezuelan bolívar has drastically depreciated within a year, with one US dollar now fetching over three times the amount of local currency compared to previous rates.
 Experts like Saifedean Ammous predict that nations suffering from devaluation, such as Argentina, will see residents flocking towards <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> and the US dollar as safer stores of value. Additionally, investors like Raoul Pal urge holding more <a rel="noopener noreferrer nofollow" target="_blank" href="https://www.cryptobreaking.com/go/etoro/">crypto</a> and NFTs to safeguard against currency debasement, viewing these digital assets as essential in today’s inflationary environment.
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This article was originally published as <a href="https://www.cryptobreaking.com/rich-dad-poor-dad-author/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Rich Dad Poor Dad Author Blames Central Banks for Wallet-Wrecking Policies</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Rich Dad Poor Dad Author Blames Central Banks for Wallet-Wrecking Policies

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