Robert Kiyosaki, author of ‘Rich Dad Poor Dad’, has argued that Bitcoin will force the US dollar ‘into hiding’. He cited economic principles and network effects to support his prediction about the future of currencies.
In a series of tweets, Kiyosaki explained his bullish stance on Bitcoin (BTC) through two key laws. First, he referred to Gresham’s Law, which states that “bad money” in a system causes “good money” to be hidden. He noted that gold, silver and bitcoin are forcing the fake US dollar to hide.
The financial author also highlighted Metcalfe’s Law, which describes the power of networking. Kiyosaki draws parallels with successful business models such as McDonald’s and his own wealthy DAD company, that Bitcoin’s network effect would contribute to its growing influence in the global financial system.
On January 4, Kiyosaki warned of an impending “gigantic market crash” while maintaining his positive view on Bitcoin, gold and silver. He criticized the Federal Reserve, Treasury, Banks and Wall Street for relying on money printing, arguing this practice enriches asset holders while harming those who save dollars because of inflation and taxes.
Kiyosaki has taken an increasingly vocal stance on Bitcoin accessibility, stating that unlike traditional wealth building methods that required advanced knowledge, Bitcoin “get rich easy” through simple accumulation and holding strategies. He suggested that buying even small amounts of bitcoin and holding them for the long term could lead to wealth creation.
His comments come amid broader discussions about monetary policy and inflation concerns. Kiyosaki advised his followers to protect themselves against inflation by saving in what he considers “real assets” – gold, silver and bitcoin – rather than holding dollars. The financial educator’s statements are consistent with growing institutional interest in Bitcoin as a potential hedge against inflation.
