Robert Kiyosaki Criticizes Banking System and Backs Bitcoin

Bestselling author Robert Kiyosaki is leveling sharp criticism at the traditional banking system. In a recent post, the "Rich Dad Poor Dad" author accused banks of privatizing profits while socializing losses. He cited the 2008 financial crisis as an example, when major U.S. banks were bailed out with taxpayer money.

Kiyosaki recommends opting out of the system by holding "tangible assets outside the banking system"—specifically naming gold, silver, Bitcoin, and Ethereum. He recently predicted Bitcoin would reach $250,000 by 2026.

However, the financial author has also faced criticism: Despite his bullish forecasts, Kiyosaki surprisingly confirmed having liquidated Bitcoin holdings worth approximately $2.25 million. Critics label him a doomsayer who primarily uses sensational statements to generate attention for his products.

His book "Rich Dad Poor Dad" has sold 41 million copies since its release, making him one of the world's most prominent financial advisors.