Author of "Rich Dad Poor Dad": It is recommended to buy bitcoin and give up fiat currency

By Kevin Helms, Bitcoin.com; compilation: Song Xue, Golden Finance

Robert Kiyosaki, author of "Rich Dad Poor Dad," reiterated his recommendations for gold, silver, and Bitcoin, while advising investors to ditch fiat currencies. ** Rich Dad Poor Dad is a book co-authored by Kiyosaki (Kiyosaki) and Sharon Lechter in 1997. It has been on the New York Times bestseller list for six consecutive years. The book has sold more than 32 million copies in more than 51 languages in more than 109 countries.

The famous writer wrote on the social media platform X on Saturday that gold has hit new highs. Noting that workers and savers are losers, he urged them to "get rid of the fake monetary system" and buy gold, silver and bitcoin immediately "before it's too late."

Kiyosaki often refers to fiat currencies as "fake money". He previously explained that when President Richard Nixon removed the dollar from the gold standard in 1971, "the dollar became a fake currency." "This is because, instead of being pegged to real currencies such as gold, it is pegged to 'full money'. "America's Faith and Credit," says the author of "Rich Dad, Poor Dad." In contrast, he calls gold and silver the currencies of God, while Bitcoin is the "people's currency." **

Earlier this month, he stressed that fiat currencies are not safe, urging investors to protect themselves from central bankers. ** The famous author has repeatedly stated that he does not trust the Federal Reserve, the Biden administration, and Wall Street, and warned that the Fed and the Treasury are destroying the dollar.

He had previously predicted that when the Fed printed trillions of dollars, people with gold, silver and bitcoin would get richer, stressing: "Fake money savers will be the biggest losers." Last September, he said: "Today, the debt of the United States has reached hundreds of billions of dollars. Real inflation is 16% instead of 7%. Fed rate hikes will destroy the U.S. economy. Savers will be the biggest losers. ** Invest real money. Gold, silver, and Bitcoin. ”

Earlier this month, he reminded investors of the first lesson of rich dads: Rich people don't work for the dollar. "The rich don't want jobs or fake paper assets. Wealthy people want assets that can put real tax-free money in their pockets, and they know how to preserve real assets, gold, silver, bitcoin assets, to provide lifelong financial security and freedom,**" Kiyosaki explained.

The famous author has long recommended gold, silver, and Bitcoin. Last week, he said that Bitcoin is the best protection against hyperinflation. **Kiyosaki has made a number of bullish predictions for the price of BTC, ranging from $135,000 in the near term to $1 million in the event of a global economic crisis. He also predicted that in the same scenario, the price of gold could reach $75,000 and silver could reach $60,000. ** In February, he predicted that the price of Bitcoin would reach $500,000 by 2025, while the price of gold could rise to $5,000 and silver to $500 over the same period.