Kiyosaki pulled no punches as he lambasted central banks, equating them to \u201ccriminal organizations\u201d and even calling them \u201cMarxists,\u201d as he says that every time central banks print money, it makes the rich richer, while the other economic classes suffer.<\/p>\n \u201cSo every time you print money, you print this fake stuff here. Guys like me get richer, but the poor middle class get poorer.\u201d<\/p>\n According to the US Bureau of Labor Statistics\u2019 headline inflation calculator<\/a>, a person holding $1,000 from August 2000 to August 2025 has lost nearly 47% of their purchasing power due to headline inflation.<\/p>\n The Federal Reserve has set a target of 2% inflation per year; however, since 2021, the agency has not managed to get inflation to that mark. August\u2019s headline inflation came in at 2.9%, while core inflation stood at 3.2%.<\/p>\n Meanwhile, BTC has rallied more than 900% in the past five years, from around $11,670 to approximately $117,200 at the time of writing, according<\/a> to CoinGecko.<\/p>\n Robert Kiyosaki wishes he had more than 60 Bitcoin<\/p>\n The American author stated that it took him a long time to understand Bitcoin, but he started buying Bitcoin at the $6,000 mark and currently holds 60 BTC, worth around $7 million.<\/p>\n \u201cAnd Bitcoin, when it came out, it took me a while to figure it out. Like I bought it at $6,000, and I\u2019m still saying, \u2018Why didn\u2019t you buy more, asshole?\u2019 But today, I don\u2019t have that many. I have about 60 Bitcoin, you know,\u201d Kiyosaki said.<\/p>\n Kiyosaki said he now uses the proceeds from his rental properties to accumulate oil, gold, silver, Bitcoin and Ethereum.<\/p>\n In April, Kiyosaki predicted that Bitcoin would reach the $1 million milestone<\/a> by the next decade.<\/p>\n Despite being bullish on BTC, Kiyosaki had previously taken a contrarian view<\/a> on the asset, saying that \u201codds are gold, silver and Bitcoin will bust too,\u201d and that\u2019s when he will start accumulating more of these assets.<\/p>\n He further advised investors to be cautious of ETFs<\/a>, as these are \u201cpaper assets\u201d and are thus vulnerable to a bank run; however, the American author admitted that ETFs are the easiest way for retail investors to invest in assets.<\/p>\n Countries suffering from inflation<\/p>\n Kiyosaki\u2019s claims in the podcast have some merit. Inflation, especially hyperinflation, erodes the purchasing power of ordinary people.<\/p>\n Interestingly, people in nations where inflation is eating away at their hard-earned money increasingly turn to crypto to protect themselves financially.<\/p>\n Related: Bitcoin\u2019s role as an inflation hedge depends on where one lives \u2014 Analyst\u00a0<\/a><\/p>\n The people of Venezuela have begun using stablecoins, especially Tether (USDT<\/a>), as part of their daily life, as the annual inflation rate touched 229%<\/a>.<\/p>\n At the start of the year, one US dollar could be traded for 51.95 Venezuelan bol\u00edvar. Today, the same dollar can buy 161.74 Venezuelan bol\u00edvar, according<\/a> to foreign exchange processor Xe.<\/p>\n Meanwhile, the Bitcoin Standard author Saifedean Ammous has stated that investors will flock towards the US dollar and Bitcoin<\/a>, as he expects the Argentine peso\u2019s devaluation will cause people to dump the currency and the country\u2019s bonds.<\/p>\n Real Vision co-founder and CEO Raoul Pal has also called on investors to hold more crypto and NFTs to protect themselves from exponential currency debasement.<\/a><\/p>\n![](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/09\/01995b7a-314a-79da-9706-54e90537f4b9.png\" "\\"\\"\/")
Kiyosaki at FreedomFest in July 2024. Source: Wikimedia Commons<\/a><\/p>\n
![Wikimedia Commons<\/a><\/p>\nKiyosaki pulled no punches as he lambasted central banks, equating them to \u201ccriminal organizations\u201d and even calling them \u201cMarxists,\u201d as he says that every time central banks print money, it makes the rich richer, while the other economic classes suffer.<\/p>\n\u201cSo every time you print money, you print this fake stuff here. Guys like me get richer, but the poor middle class get poorer.\u201d<\/p>\nAccording to the US Bureau of Labor Statistics\u2019 headline inflation calculator<\/a>, a person holding $1,000 from August 2000 to August 2025 has lost nearly 47% of their purchasing power due to headline inflation.<\/p>\nThe Federal Reserve has set a target of 2% inflation per year; however, since 2021, the agency has not managed to get inflation to that mark. August\u2019s headline inflation came in at 2.9%, while core inflation stood at 3.2%.<\/p>\nMeanwhile, BTC has rallied more than 900% in the past five years, from around $11,670 to approximately $117,200 at the time of writing, according<\/a> to CoinGecko.<\/p>\nRobert Kiyosaki wishes he had more than 60 Bitcoin<\/p>\nThe American author stated that it took him a long time to understand Bitcoin, but he started buying Bitcoin at the $6,000 mark and currently holds 60 BTC, worth around $7 million.<\/p>\n\u201cAnd Bitcoin, when it came out, it took me a while to figure it out. Like I bought it at $6,000, and I\u2019m still saying, \u2018Why didn\u2019t you buy more, asshole?\u2019 But today, I don\u2019t have that many. I have about 60 Bitcoin, you know,\u201d Kiyosaki said.<\/p>\nKiyosaki said he now uses the proceeds from his rental properties to accumulate oil, gold, silver, Bitcoin and Ethereum.<\/p>\nIn April, Kiyosaki predicted that Bitcoin would reach the $1 million milestone<\/a> by the next decade.<\/p>\nDespite being bullish on BTC, Kiyosaki had previously taken a contrarian view<\/a> on the asset, saying that \u201codds are gold, silver and Bitcoin will bust too,\u201d and that\u2019s when he will start accumulating more of these assets.<\/p>\nHe further advised investors to be cautious of ETFs<\/a>, as these are \u201cpaper assets\u201d and are thus vulnerable to a bank run; however, the American author admitted that ETFs are the easiest way for retail investors to invest in assets.<\/p>\nCountries suffering from inflation<\/p>\nKiyosaki\u2019s claims in the podcast have some merit. Inflation, especially hyperinflation, erodes the purchasing power of ordinary people.<\/p>\nInterestingly, people in nations where inflation is eating away at their hard-earned money increasingly turn to crypto to protect themselves financially.<\/p>\nRelated: Bitcoin\u2019s role as an inflation hedge depends on where one lives \u2014 Analyst\u00a0<\/a><\/p>\nThe people of Venezuela have begun using stablecoins, especially Tether (USDT<\/a>), as part of their daily life, as the annual inflation rate touched 229%<\/a>.<\/p>\nAt the start of the year, one US dollar could be traded for 51.95 Venezuelan bol\u00edvar. Today, the same dollar can buy 161.74 Venezuelan bol\u00edvar, according<\/a> to foreign exchange processor Xe.<\/p>\nMeanwhile, the Bitcoin Standard author Saifedean Ammous has stated that investors will flock towards the US dollar and Bitcoin<\/a>, as he expects the Argentine peso\u2019s devaluation will cause people to dump the currency and the country\u2019s bonds.<\/p>\nReal Vision co-founder and CEO Raoul Pal has also called on investors to hold more crypto and NFTs to protect themselves from exponential currency debasement.<\/a><\/p>\nMagazine: Bitcoin mining industry \u2018going to be dead in 2 years\u2019: Bit Digital CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Rich Dad Poor Dad author Robert Kiyosaki, a strong proponent for Bitcoin, says it is \u201ccriminal\u201d that kids…\n","protected":false},"author":2,"featured_media":29849,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-29848","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/29848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=29848"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/29848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/29849"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=29848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=29848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=29848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/commons.wikimedia.org\/wiki\/File:Robert_Kiyosaki_(53863239752).jpg\"){kind=link}