World’s Bestselling Author Robert Kiyosaki Bullish On Bitcoin, Calling Fiat ‘A Scam’

The author of one of the bestselling books in the world, “Rich Dad Poor Dad” has stirred up the crypto market in a positive way, after sharing his interest towards Bitcoin and describing US dollar as “a scam”.

Robert Kiyosaki, known for his bestsellers such as “Rich Dad Poor Dad”, “Retire Young Retire Rich” and many spin-off books based on the ‘Rich Dad’ brand, recently declared that Bitcoin and other cryptocurrencies are “currencies of the people” and have a potential to outlive fiat currency.

Kiyosaki spoke with Kim Hughes who is hosting the Sane Crypto Podcast. During the podcast, he excoriated the dollar and predicted an imminent stock market crash. He stated:

“The US Dollar is a scam…I think the dollar is toast because gold and silver and cybercurrency are going to take it out…The US Dollar is gone…In the year 2000 there was one currency, the US Dollar. It was called the reserve currency of the world…and then came bitcoin or cybercurrency.”

In other news, Kiyosaki is also preparing a new book called “Fake: Fake Money, Fake Teachers, Fake Assets”. As he noted, the book is actually linked to currencies and physical wealth – precisely the value of gold, Bitcoin and other cryptocurrencies against a collapse of the financial market.

In his words, Kiyosaki said:

“In my new book… I talk about the three types of money today: God’s money, which is gold and silver, government’s money which is fiat currency, which is done by government decree which is the dollar… Then there’s the people’s money, which is cybercurrency on the blockchain technology. Gold is a hedge and I am expecting a collapse on the system…[and] which is why you are into cybercurrencies now… bitcoin and ethereum.”

Moving on, the Rich Dad author called fiat currency savers “losers” and called for a return of the gold standard to the dollar, just like it was before the 1971 removal by President Richard Nixon.