Robert Kiyosaki Predicts End of US Dollar — Says War Giving Rise to Crypto as Safer Haven Than Fiat Money

The well-known creator of the best-selling e book Rich Dad Poor Dad, Robert Kiyosaki, has predicted the top of the U.S. greenback. Furthermore, he stated that the Russian-Ukraine conflict has given rise to crypto as “a safer haven asset than authorities faux fiat cash.”

Robert Kiyosaki on War and Bitcoin

The creator of Rich Dad Poor Dad, Robert Kiyosaki, mentioned bitcoin, the Russian-Ukraine conflict, and the top of the U.S. greenback in a sequence of tweets Tuesday.

Rich Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the e book have been offered in over 51 languages throughout greater than 109 international locations.

Citing that many Russians are utilizing bitcoin as a lifeline after the Russian ruble collapsed, he wrote: “Ukraine/Russian conflict giving rise to crypto as a safer haven than authorities faux fiat cash.”

Kiyosaki additionally tweeted Monday that the Biden administration and the Federal Reserve “need inflation to repay trillions in debt,” advising:

[The] greatest funding could also be stocking merchandise you’ll at all times use comparable to toilette paper, trash luggage, canned items, frozen meals, gold, silver, bitcoin.

He defined additional in a special tweet about investing in oil. “I don’t spend money on oil corporations comparable to Mobile or Exxon. I make investments immediately into oil wells. Higher threat for greater returns. Tax breaks unbelievable. Two wells got here in final week as oil went from $70 to $130. Rich get richer however poor undergo,” the famed creator wrote.

Last week, Kiyosaki warned that “we’re within the largest bubble in world historical past” and that the U.S. authorities will seize all cryptocurrencies. He predicted that the federal government will regulate the crypto sector then launch a “Fed crypto.” Ultimately, Kiyosaki said that each one cryptocurrencies shall be seized and folded into the federal government crypto.

His predictions have been closely criticized on social media, with many individuals telling him that not all cryptocurrencies may be seized. For instance, decentralized cryptos, like bitcoin, can’t be seized inside the community and the federal government may have a tricky time going after self-custodied cryptocurrencies.

Kiyosaki Discusses the End of US Dollar

Kiyosaki additionally mentioned the top of the U.S. greenback Tuesday. He famous that the U.S. hegemony is ending and the U.S. is turning into much less of a world energy.

As proof, the Rich Dad Poor Dad creator referenced the information of Saudi Arabia contemplating accepting Chinese yuan as an alternative of U.S. {dollars} for Chinese oil gross sales.

Several individuals have publicly spoken in regards to the U.S. greenback dropping its dominance because the conflict between Russia and Ukraine started, together with veteran investor Jim Rogers who co-founded the Quantum Fund with billionaire investor George Soros. “What is going on with the U.S. greenback now’s the top of the U.S. greenback as a result of a global forex is meant to be impartial however in Washington, they’re now altering the principles,” Rogers explained.

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