Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy — urging his followers to abandon what he calls “fake money” and adopt alternatives like Bitcoin, gold, and silver.

In a May 10 post on X, Kiyosaki backed a hardline stance against central banking systems, particularly the Federal Reserve, while quoting former US Congressman Ron Paul.

Ron Paul, a longtime critic of the Fed and author of End the Fed, described interest rate setting by central banks as “price fixing,” equating it to socialist and Marxist economic control.

Paul warned that such mechanisms erode personal wealth and undermine economic freedom — a sentiment that aligns closely with Kiyosaki’s long-held concerns.

“Fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life,” Kiyosaki wrote.

He called on Americans to “fight back” by opting out of fiat systems and instead embracing decentralized stores of value like Bitcoin (BTC) and precious metals.

Source: Robert Kiyosaki

Related: ‘Rich Dad, Poor Dad’ author calls for $1 million BTC by 2035

Kiyosaki remains a major fiat critic

Kiyosaki’s disdain for fiat currency is not new. He has repeatedly criticized the US dollar, labeling it a “dying” currency inflated by government spending and central bank manipulation.

His financial philosophy, rooted in Austrian economics and personal sovereignty, champions assets that cannot be debased or politically controlled.

Kiyosaki has long argued that bearer assets like gold, silver, and more recently Bitcoin, are critical hedges against inflation and key to long-term generational wealth accumulation through economic cycles.

“Don’t work or save fake money,” he advised. “Get on your own decentralized gold, silver, and Bitcoin standard.”

In an April 18 post, Kiyosaki forecasted that Bitcoin could hit $1 million by 2035 as the US dollar continues to lose value to inflationary monetary policies.

“I strongly believe, by 2035, that one Bitcoin will be over $ 1 million, gold will be $30,000, and silver $3,000 a coin,” he said.

Kiyosaki is not the only one expressing confidence in Bitcoin’s future.

In February 2025, ARK Invest CEO Cathie Wood said that Bitcoin could hit $1.5 million by 2030 if demand for the digital asset continues to grow.

More recently, on Dec. 10, Eric Trump delivered the keynote speech at the Bitcoin MENA event in Abu Dhabi, United Arab Emirates (UAE), and predicted that Bitcoin would hit $1 million due to its scarcity.

Magazine: TradFi fans ignored Lyn Alden’s BTC tip — Now she says it’ll hit 7 figures: X Hall of Flame

BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year.

IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin (BTC) market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1.

Bitcoin ETFs ticking along as Bitcoin price spikes

Over the past trading week alone, IBIT posted $1.03 billion in inflows, according to Farside data.

Prior to the current 19-day streak, IBIT’s longest inflow streak in 2025 was a nine-day stretch surrounding US President Donald Trump’s inauguration on Jan. 20, spanning from Jan. 15 to Jan. 28.

Approximately $41.13 billion has flown into the spot Bitcoin ETFs since their launch in January 2024. Source: Farside

IBIT’s longest inflow streak since the spot Bitcoin ETFs launched in January 2024 lasted 104 days, stretching from the launch date through April 23, 2024.

The streak coincided with Bitcoin reaching a new all-time high of $73,679 in March before pulling back into the mid-$60,000 range.

BlackRock’s Bitcoin ETF recently won an award

On April 23, BlackRock’s spot Bitcoin ETF was named the “Best New ETF” at the annual etf.com ETF awards. In an X post shortly after, Bloomberg ETF analyst Eric Balchunas said it “feels right to me.”

Related: Institutional investors continue to scoop up Bitcoin above $100K

Bitwise’s head of European research, André Dragosch, recently said Bitcoin’s expanding institutional adoption may provide the “structural” inflows necessary to surpass gold’s market capitalization and push its price beyond $1 million by 2029.

“Our in-house prediction is $1 million by 2029. So that Bitcoin will match gold’s market cap and total addressable market by 2029,” he told Cointelegraph during the Chain Reaction daily X spaces show on April 30.

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

Sovereign Wealth Funds are already gaining exposure to Bitcoin, but significant allocations won’t happen until the United States establishes clearer regulations for the digital assets industry, says SkyBridge founder Anthony Scaramucci.

“I think they are buying it, I think they are buying it on the margin,” Scaramucci, former White House director of communications during US President Donald Trump’s first term, said on Anthony Pompliano’s podcast on May 8.

Legislation will lead to “large blocks of buying”

“I don’t think it is going to be a gigantic groundswell of buying until we greenlight legislation in the United States,” he added. Scaramucci previously said in a February interview with the Financial Times that he expects the US government to propose crypto legislation in November.

SWFs are government-owned investment funds that manage national savings, often built from surplus revenues like oil profits or trade gains. Norway has the largest SWF in the world, with approximately $1.73 trillion in assets under management, followed by China with $1.33 trillion, according to data from Visual Capitalist.

Bitcoin’s (BTC) market cap is approximately $2.05 trillion, according to CoinMarketCap.

Anthony Scaramucci spoke to Anthony Pompliano on his podcast on May 8. Source: Anthony Pompliano

Scaramucci said that if stablecoin regulation is passed, clear guidance is provided for traditional banks to custody of Bitcoin and other digital assets, and there’s progress on tokenizing stocks and bonds, a significant wave of buying from Sovereign Wealth Funds is likely to follow.

“Then I will tell you that there will be large blocks of buying, or people worth 10, 20, 30 trillion dollars, buying a half a billion dollars of Bitcoin, buying a billion of Bitcoin,” Scaramucci said.

Related: Institutional investors continue to scoop up Bitcoin above $100K

“But if you wanna see a million dollar Bitcoin, that’s when someone at a sovereign says ok, this is part of the infrastructure of the world’s financial services architecture,” he added.

ARK Invest CEO Cathie Wood recently said that the chances of Bitcoin reaching a seven-figure price by 2030 have increased.

“We actually think the odds have gone up that our bull case will be the right number because of what is becoming the institutionalization of this new asset class,” Woods said in February.

Magazine: Adam Back says Bitcoin price cycle’ 10x bigger’ but will still decisively break above $100K