Robert Kiyosaki, the renowned investor and author of “Rich Dad Poor Dad,” has issued a stark warning to his millions of followers on X: the US dollar is no longer a reliable store of value.
In a series of tweets, Kiyosaki reiterated his long-held belief that the dollar’s value has been eroded since President Nixon removed it from the gold standard in 1971. He argued that the dollar is now “fake,” propped up by US Treasuries and bonds.
Referencing his best-selling book, Kiyosaki emphasized that true wealth doesn’t come from saving dollars or owning a home. He advised his followers to avoid long-term debt, such as mortgages, and to diversify their investments into assets like gold, silver, and Bitcoin.
While acknowledging that even these assets can fluctuate in value, Kiyosaki expressed confidence in the long-term potential of Bitcoin, particularly during market downturns. He stated, “Obviously, I will be buying all the Bitcoin I can, as well as other assets, at bargain basement prices.”
Kiyosaki’s message underscores the importance of financial education and the need to be prepared for economic uncertainties. He has consistently advocated for a diversified investment strategy as a means to protect wealth and weather economic storms.