Rich Dad Poor Dad's Robert Kiyosaki Says Fed and Treasury Are Destroying Dollar, Advises Saving Bitcoin – Featured Bitcoin News

The famous author of the bestselling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury Department are destroying the US dollar. Noting that they are sending billions of dollar savers and uninformed investors to “financial hell,” he advised, “Save gold, silver and Bitcoin.”

Warning and advice from Robert Kiyosaki

Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted this week that the Federal Reserve and the U.S. Treasury are “destroying the dollar.”

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages ​​in more than 109 countries.

Kiyosaki wrote: “There are a million ways to financial heaven and a billion ways to financial hell,” adding:

The Fed and Treasury [are] destroying the dollar, sending billions of dollar savers and the uninformed to financial hell. Go to financial heaven. Save gold, silver and Bitcoin.

This isn't the first time the famed author has warned that the Fed and Treasury are harming the economy and individual investors.

In December last year, Kiyosaki tweeted a warning that the Fed and US President Joe Biden were “driving false inflation.” He predicted an impending massive crash followed by a depression.

Kiyosaki also said in October last year that Biden and the Fed were “ripping off poor people” and reiterated that the US was sliding into a depression. "Inflation rips off the poor. Inflation makes [the] rich richer," he stressed. The famous author also tweeted the same month:

I love Bitcoin because I don't trust [the] Fed, Treasury or Wall Street.

Kiyosaki has been recommending investors to buy gold, silver and Bitcoin for some time.

In January, the famous author said it was great news that the price of Bitcoin was crashing. He added that he buys more Bitcoin when the price of the cryptocurrency tests $20,000. In November he said he would also buy Ether as inflation Fears escalated.

What do you think of Robert Kiyosaki's advice? Let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the interface between economics and cryptography.

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