Robert Kiyosaki warns that the US dollar is depreciating, prefers Bitcoin.

The author of the book Rich Dad Poor Dad, Robert Kiyosaki, made a statement to his followers, explaining to them about the weakening of the US dollar in the long term. In a recent social media post, Kiyosaki wrote that the US dollar has lost 95% of its purchasing power since the 1970s. He noted that holding any currency, especially fiat currency, carries economic risks, and he encourages investors to consider alternatives like Bitcoin. Just recently, this financial pen once again expressed confidence that the price of Bitcoin will reach one million dollars in the near future. Robert Kiyosaki reveals that the US dollar has lost 95% since the 1970s. Financial analyst and author of the book Rich Dad Poor Dad, Robert Kiyosaki, once again spoke out against the US dollar, calling it a fake currency in one of his recent X posts. According to him, the US dollar has lost nearly 95 percent of its purchasing power since he was in his 20s. Robert Kiyosaki has used this historical decline to argue that saving fiat money is not a safe long term strategy. In the same post, Kiyosaki criticized those who hold fiat money, stating that people often fail to connect the rising food prices with the weakening dollar. He told the story of a confident colleague who keeps his savings in the bank despite rising inflation. According to him, such savings will lose their real value over time, and he gives a clear example of the high price situation of essential items like eggs. Kiyosaki calls on everyone to stop storing their financial future in US dollars and instead consider assets like Bitcoin, gold, and silver. He reiterates one of his long-standing financial teachings: "Savers are losers." This quotation, often repeated in his books and speeches, refers to how inflation erodes the amount of cash held in traditional bank accounts. In his view, banks print more money while savers do not see protection for their purchasing power. The purchase of Bitcoin is confirmed as Kiyosaki predicts a target of 1 million dollars. Recently, Robert Kiyosaki publicly revealed on social media that he has actually bought Bitcoin. He admitted that his actions might be wrong, but he stated that he is willing to take a short-term loss if he cannot capitalize on the long term potential of Bitcoin. Robert Kiyosaki still believes that the price of BTC could reach one million dollars for each coin in the long term. This financial author further stated that he feels comfortable risking $100,000 in Bitcoin, saying that the lessons he has learned from previous losses are more important than the money itself. Furthermore, he also mentioned his initial investment history, when he bought his first property using a credit card and generated $25 in passive income each month. The agreement took place in Hawaii in 1973, at a time when he stated that the value of the dollar had begun to decline long term. Robert Kiyosaki once again emphasizes that keeping savings in US dollars is not a healthy financial strategy. He states that traditional bank deposits, often seen as safe, have continuously depreciated due to inflation and the money printing by central banks. Bitcoin price action and market sentiment After Robert Kiyosaki's criticism of the US dollar, the price of Bitcoin is trading at $108,700, up 1.83% over the past seven days. Although the 24-hour trading volume has decreased by 23%, the market capitalization of Bitcoin remains above 2.16 trillion dollars, with a fully diluted valuation of (FDV) being 2.28 trillion dollars. Moreover, the BTCUSD chart shows a recovery after a short dip near $106,000 on July 2 when buyers returned to the market. However, even with Robert Kiyosaki's bullish forecast, this leading cryptocurrency could still drop to a low of $40,000, according to analyst Ali Martinez. He emphasized the unusual quarterly sell signal from TD Sequential, which foreshadowed significant crashes in 2015 and 2018.