Robert Kiyosaki Says the US Dollar Is a ‘Scam’ – Is Bitcoin the Only Safe Haven?

Robert Kiyosaki, author of Rich Dad Poor Dad, has once again criticized the U.S. banking system, calling it a “scam” while defending Bitcoin as a lesser evil. Kiyosaki took to social media platform X, stating:

“Is Bitcoin a scam? It might be… But not as big a scam as the U.S. dollar and the U.S. banking system.”

His latest remarks reflect his long-standing belief that fiat currency is losing its value due to inflation and reckless monetary policies. Kiyosaki argues that traditional financial institutions manipulate the system, devaluing the U.S. dollar while bailing out their own losses.

Despite his skepticism about Bitcoin, Kiyosaki remains a strong advocate for alternative assets, frequently urging his followers to buy gold, silver, and Bitcoin as a hedge against financial instability. His distrust of the traditional banking system has made him one of the loudest voices promoting decentralized and tangible assets.

Bitcoin, Gold & Silver: Kiyosaki’s Wealth Protection Strategy

Kiyosaki has long predicted an economic collapse, warning that excessive money printing, skyrocketing national debt, and unstable banking institutions will trigger a financial meltdown. To protect against this, he advises individuals to move away from fiat currencies and traditional financial products.

In the same post, he emphasized:

“I predict a collapse of our financial system. Please protect yourself from the banksters. Buy real gold, silver, and Bitcoin. No gold, silver, or Bitcoin ETFs… which are bankster’s money.”

His firm stance against ETFs (exchange-traded funds) stems from his belief that financial institutions manipulate these markets, preventing investors from holding actual assets. Instead, Kiyosaki promotes direct ownership of gold and Bitcoin as true wealth protection tools.

Why Kiyosaki Prefers Bitcoin, Gold & Silver Over Fiat Money

Bitcoin: A hedge against inflation and a decentralized alternative to traditional finance. Gold & Silver: Historically stable assets that preserve purchasing power during economic crises. Fiat Money: Continually devalued due to government policies and rising debt.

As global economic uncertainty rises, Kiyosaki’s advocacy for alternative assets is gaining traction, particularly among investors concerned about inflation and central bank interventions.

Bitcoin (BTC) Faces Sharp Reversal After Failing Key Resistance

Bitcoin (BTC) has retreated to $85,200, erasing gains from its recent surge and falling nearly 8% in the past 24 hours. This pullback comes after BTC failed to sustain momentum above $95,000, where strong resistance at $95,100 aligned with a descending trendline.

The sharp decline has put BTC below key technical support, now testing the $85,000 level.

The 50-day EMA at $88,200 previously acted as dynamic support but has now turned into resistance, signaling a shift in short-term sentiment.

If BTC fails to reclaim this level, the next downside targets are $78,300 and $75,100, with a deeper correction potentially extending toward $71,300.

On the upside, BTC must break back above $88,200 for bulls to regain control. A decisive move past $90,000 could reignite momentum, targeting $95,100 and $99,500.

For now, Bitcoin remains volatile, with traders closely monitoring macroeconomic developments and institutional demand.

Key Takeaways:

Bitcoin drops 8%, falling below $85,000 after failing at $95,100 resistance. 50-day EMA at $88,200 now acts as resistance, capping upside moves. Next support levels at $78,300 and $75,100; bulls need $90,000 reclaim for recovery.

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