Robert Kiyosaki, vocal Bitcoin supporter, investor, known for his best selling book “Rich Dad Poor Dad”, has once again taken a jab at the US 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” as he told a story (perhaps a made-up one) of a family who are holding their life-savings in US dollars rather than in gold, silver, or Bitcoin.
Kiyosaki is one of those influencers who believe that in 2030s the world’s flagship cryptocurrency, Bitcoin, is likely to reach $1 million per coin and in his tweet he revealed unpleasant fact about US dollar which makes holdings funds in it very much doubtful.
US dollar has lost 95% of purchasing power: Kiyosaki
In his tweet, Kiyosaki told a story (likely an imagined one) 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 US 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.”
You Might Also Like
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 hard on BTC. Yet, he continues to believe that “one day soon” Bitcoin will hit $1 million a coin.
He stated that he’d 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.
