Bitcoin or the U.S. dollar – Which is the bigger ‘scam?’ Robert Kiyosaki says…

• Kiyosaki known as the U.S. greenback a much bigger rip-off than Bitcoin, blasting the Federal Reserve.
• He warned towards Bitcoin ETFs, urging direct funding in gold, silver, and Bitcoin.

Famend creator Robert Kiyosaki, greatest recognized for “Wealthy Dad Poor Dad,” has as soon as once more voiced his skepticism concerning the U.S. monetary system, branding the greenback a much bigger rip-off than Bitcoin [BTC].

In a current post on X (previously Twitter), he criticized the Federal Reserve and main banks, accusing them of corruption and reckless mismanagement.

Robert Kiyosaki on Bitcoin

Kiyosaki, who has lengthy advocated for various belongings like Bitcoin and gold, referred to central bankers as “banksters,” claiming they proceed to obtain authorities bailouts regardless of large monetary losses.

He mentioned, 

“Is BITCOIN a SCAM? It is perhaps….However not a giant a rip-off because the US Greenback and the US Banking System…. Beginning with the Fed. They’re BANKSTERS.”  

Kiyosaki doubled down on his criticism of the Federal Reserve and the banking sector, accusing them of manipulating the monetary system for their very own achieve whereas odd residents bear the results.

Are Bitcoin ETFs a rip-off?

He additionally voiced skepticism towards Bitcoin ETFs, warning that they’re managed by the identical monetary establishments he distrusts.

In line with Kiyosaki, these ETFs might enable banks to control Bitcoin’s worth, limiting traders’ management over their belongings.

As an alternative, he urged people to spend money on tangible belongings like gold, silver, and Bitcoin instantly, relatively than counting on monetary merchandise managed by conventional establishments.

He added, 

I predict a collapse of our monetary system. Please shield your self from the BANKSTERS. Purchase actual gold, silver, and Bitcoin. No gold, silver or Bitcoin ETFS…. That are bankster’s cash.” 

Present market developments

Kiyosaki’s remarks got here as Bitcoin skilled a downturn, briefly dropping to $78,000 earlier than rebounding to $85,975.16, marking a modest 0.96% achieve previously 24 hours, in line with CoinMarketCap.

In the meantime, the BTC ETF market, which had been battling outflows because the 18th of February, noticed a big turnaround on the twenty eighth of February, recording $94.3 million in inflows, as reported by Farside Investors.

For sure, Kiyosaki has remained steadfast in his confidence in Bitcoin.

Earlier, too, he had strengthened his stance on Bitcoin when President Donald Trump had introduced new tariffs on imports from Canada, China, and Mexico, noting,

“Trump tariffs begins: Gold, silver, Bitcoin might crash. Good. Will purchase extra after costs crash. Actual drawback is DEBT…which can solely worsen. Crashes imply belongings are on sale. Time to get richer.”