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In a recent tweet, 'Rich Dad Poor Dad' author Robert Kiyosaki engaged his X followers, asking them to reconsider holding cash as "savings."
Kiyosaki began with a question to his followers, asking them what the value of a trillion dollars is. "How much is a $trillion?" Kiyosaki asked.
This, he answered, saying, "A trillion is a 1 with 12 zeros after it, $1,000,000,000,000," adding that if someone spent $1 every minute, it would take approximately 34,000 years to spend $1 trillion.
Explaining his point further, the Rich Dad Poor Dad author claimed that the U.S. Federal Reserve and Treasury can effectively create trillions of dollars in a very short period of time: "It takes the Fed and US Treasury less than a minute to print $1 trillion. Get the picture?"
Kiyosaki stated this to illustrate what he sees as the ongoing erosion of purchasing power for those holding large amounts of cash. "Savers of dollars are losers," he said, adding that "Cash is trash."
The "Rich Dad Poor Dad" author has continuously held the belief that fiat currencies lose value over time due to inflation and monetary expansion.
Instead of keeping wealth in cash, Kiyosaki urged his followers to consider other assets, advocating for gold, silver, Bitcoin and Ethereum.
Bitcoin, Ethereum searching for price bottom
According to analysts, major cryptocurrencies Bitcoin and Ethereum are currently at an inflection point as their prices trade near bear market lows.
CryptoQuant in its recent analysis noted that Bitcoin was moving into a zone historically associated with bottom formation, but the on-chain structure still points to capitulation rather than confirmation.
While Bitcoin price has rebounded from a low near $59,000 reached on June 5, analysts maintain that a price bounce alone is necessary but insufficient, as signals suggest an oversold market rather than a regime change.
ETH is currently trading about 67% below its previous all-time high and has entered an area of extreme oversold conditions. Binance recently recorded a new all-time high in Ethereum Open Interest (ETH value) as traders positioned ahead of the next price move.
U.Today Editorial Team
Dan Burgin
