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Robert Kiyosaki, vocal Bitcoin supporter and investor known for his best selling book “Rich Dad Poor Dad,” has once again taken a jab at the U.S. dollar, which he referred to as “fake.”
He entitled his X message to the crypto community, “Don’t teach pigs to sing,” since “it wastes your time and you annoy the pig.” He told a story, perhaps a made-up one, of a family holding their life savings in U.S. dollars rather than in gold, silver or Bitcoin.
Kiyosaki is one of those influencers who believes that in the 2030s, the world’s flagship cryptocurrency, Bitcoin, is likely to reach $1 million per coin. In his tweet he revealed an unpleasant fact about the U.S. dollar that makes holding funds in it very doubtful.
U.S. dollar has lost 95% of purchasing power: Kiyosaki
In his tweet, Kiyosaki told another story about a friend of his age and her husband, who hold “their financial future in dollars, in their local bank.”
He tried to warn her about their savings losing their value because of the devaluating U.S. dollar, but “she turned into a pig who did not want to learn how to sing.” Kiyosaki then made it clear that since he was in his 20s, “the US dollar has lost 95% of its purchasing power.” Besides, he said, the price of food has been increasing lately, but many people, like this woman, fail to “connect the dots between the purchasing power of her savings and the price of eggs.”
Here the financial guru reminded the community about one of the theses he formulated in his books on assets. This thesis says: “Savers are losers.”
Bitcoin to $1 million per Kiyosaki
On July 1, Kiyosaki tweeted that he had bought another Bitcoin. He admitted that he could be wrong by betting so heavily on BTC. Yet, he continues to believe that “one day soon” Bitcoin will hit $1 million a coin.
He stated that he would rather have his Bitcoin investment look like a wrong one now than becoming a “loser if Bitcoin does go to $1 million.” Kiyosaki admitted that he can afford to lose $100,000, and he always learns from his losses. “Thats called wisdom and experience….which can be priceless,” he tweeted.
Vladislav Sopov
U.Today Editorial Team