Robert Kiyosaki Renews Dollar Alarm as Bitcoin Becomes His Cash Escape

CN
2 hours ago

Key Takeaways:

    • Kiyosaki urged savers to consider bitcoin as concerns about the dollar intensify.
    • Debt and inflation remain central to his warnings about cash losing value.
    • Market participants may monitor bitcoin closely as Kiyosaki reiterates long-term dollar concerns.
  • Robert Kiyosaki renewed his warning on U.S. dollar savings in a June 12 post on X, urging a shift toward gold, silver, bitcoin, and ethereum. The latest message continued several themes that have defined his public commentary, including concerns about debt, money creation, inflation, and the long-term outlook for the U.S. dollar.

    The Rich Dad Poor Dad author claimed it would take 34,000 years to spend $1 trillion at $1 a minute. The roughly 34,000-year timeframe is commonly used for spending $1 every second, rather than every minute, and equates to about 31,688 years.

    Kiyosaki wrote:

    “It takes the Fed and US Treasury less than a minute to print $1 trillion.”

    The acclaimed author used “print” to describe what he views as rapid expansion of the money supply and government debt. His latest remarks follow a recent post questioning how Washington can collect a significant portion of workers’ income through taxes while continuing to accumulate trillions of dollars in federal debt, a concern that has long shaped his outlook on the dollar and financial markets.

    Concerns about debt and monetary policy have long formed the basis of Kiyosaki’s market outlook. He has argued that rising debt burdens and expanding money supply weaken the purchasing power of the dollar, while increasing the appeal of scarce assets such as precious metals and cryptocurrencies.

    Market crash warnings have also remained a recurring part of his commentary. Kiyosaki has cautioned that a potential 2026-27 downturn could evolve into a depression and has frequently pointed to past market declines in 1987, 2000, 2008, 2015, 2019, and 2022 as examples of periods when asset prices became more attractive.

    “Savers of dollars are losers. Cash is trash,” Kiyosaki stressed, adding:

    “Trade cash in for some gold, silver, bitcoin, and ethereum and be a winner.”

    Dollar weakness remains central to the author’s long-running warnings. In previous remarks, he declared “Bye bye U.S. dollar” and argued that inflation, debt growth, and monetary expansion continue to erode purchasing power. He has also warned that hyperinflation could severely damage the value of cash savings.

    Kiyosaki has linked those concerns to broader economic pressures facing households. In separate comments, he warned that millions of baby boomers could face job losses and housing difficulties, while continuing to caution about what he has described as an imminent historic market crash.

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