'Rich Dad Poor Dad' Author Warns of “End of the US Dollar,” Cryptocurrencies, Gold and Silver to Soar
As markets hit record highs, investors may be feeling confident. However, author of “Rich Dad Poor Dad,” Robert Kiyosaki, once again warns that traditional savings may no longer be safe. He points to the growing risks in traditional financial systems and advises investors to move into real assets.
Is the US dollar doomed?
In a recent post on X, Kiyosaki once again criticized the US dollar and hinted at his growing faith in alternative assets such as cryptocurrencies, gold, and silver.
“Is the US dollar about to die? Add to my portfolio of gold, silver, Bitcoin and Ethereum,” he said, urging people to protect their money by investing in real assets and become “winners,” not “savers” of US dollars.
Criticism of the Federal Reserve
Kiyosaki has long criticized the Federal Reserve's habit of printing money to fix economic crises, arguing that it exacerbates the problem rather than solves it. He warns that the US economy, which is based on debt, is becoming dangerously unstable, built on what he calls "fake dollars."
Instead of saving cash, Kiyosaki encourages people to invest in gold, silver and Bitcoin, which he sees as real, safe and long-term assets during economic turmoil.
Market predictions and warnings
In early June, he warned of the biggest financial crisis ever, which could wipe out millions of investors. He said that when the market crashes, money will flow into gold, silver and Bitcoin.
He also recently pointed to Warren Buffett's sudden praise of gold and silver as a potential warning sign of an impending crisis in the stock and bond markets, and possibly a recession.
Kiyosaki predicted that by 2025, gold could reach $5,000, silver $500, and Bitcoin between $500,000 and $1 million. He doubled his prediction in May 2025, predicting gold would reach $25,000.
Bitcoin price growth slows, gold soars
Bitcoin recently hit a new high above $126,000 before falling back to around $121,000. Ethereum is currently trading around $4,492, down more than 3% in the past 24 hours.
While Bitcoin’s rally has slowed, gold prices have continued to rise. On Monday, the market capitalization of tokenized gold assets surpassed $3 billion as physical gold prices surged above $4,000 an ounce for the first time. The surge was likely fueled by strong inflows into gold-backed ETFs. Gold stocks are also experiencing a historic rally.
Market highs mask dollar weakness
Kobeissi’s letter highlights that many assets, from safe havens to cryptocurrencies, are hitting all-time highs, not only due to rising asset values but also due to a weakening US dollar, which is down about 10% year-to-date, its worst decline in more than 40 years.
Persistent inflation and expected rate cuts are further eroding confidence in fiat currencies.
USD shows strength
Meanwhile, the US dollar is gaining momentum as the US Dollar Index hits its strongest level since early August. President Trump recently said the US has “virtually no inflation” as markets hit record highs.
However, some experts have a different view. Some Fed officials remain cautious about inflation concerns and the market is expecting the Fed to continue cutting interest rates this year.