‘Rich Dad’ author Kiyosaki predicts Bitcoin will challenge US dollar dominance

Robert Kiyosaki, author of “Rich Dad Poor Dad”, said that Bitcoin would force the US dollar to “hide”. He cited economic principles and network effects to support his prediction over the future of money.

In a series of tweets, Kiyosaki explained his optimistic position on Bitcoin (BTC) through two key laws. First of all, he referred to the law of Gresham, according to which the “bad currency” in a system means that the “good” currency hides. He noted that gold, silver and bitcoin force the American false dollar to hide.

The financial author also underlined the law of Metcalfe, which describes the power of networks. Making parallels with successful commercial models like McDonald’s and its own company Rich Dad, Kiyosaki suggested that Bitcoin’s network effect would contribute to its growing influence in the global financial system.

January 4, Kiyosaki warned of a “giant market krach of the market” while maintaining its positive perspectives on bitcoin, gold and silver. He criticized the Federal Reserve, the Treasury, the Banks and Wall Street to use monetary impression, arguing that this practice enriches asset holders while harming those who save in dollars due to inflation and taxes.

Kiyosaki adopted an increasingly strong position on the accessibility of Bitcoin, affirming that unlike traditional methods of wealth creation which required sophisticated knowledge, Bitcoin makes it possible to “become easily rich” thanks to simple accumulation strategies and detention. He suggested that even buying small amounts of bitcoin and keeping them in the long term could lead to the creation of wealth.

His comments are involved in broader discussions on monetary policy and inflation concerns. Kiyosaki advised his supporters to protect himself from inflation by sparing in what he considers “real assets” – gold, money and bitcoin – rather than holding dollars. The statements of the financial educator align with the growing institutional interest for Bitcoin as a potential coverage against inflation.