Robert Kiyosaki, a prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has been an advocate for commodities such as gold and silver, and for the world’s premier cryptocurrency, Bitcoin (BTC) for many years.
On Tuesday, March 26, Kiyosaki took a different approach by making a post on X in the format of a conversation. In the internet play, the author admitted that Bitcoin might be a scam, that it can be attacked like any network, and that there is a chance of the cryptocurrency’s value dropping to $0.
Q: Is it possible that Bitcoin is a scam, a Ponzi scheme?
A: Yes. It is possible Bitcoin is a scam and a Ponzi scheme.
Despite the provocative statements, Kiyosaki hasn’t given up on his Bitcoin bullishness. Instead, the post took some of the common criticism of Bitcoin and leveled it at other assets and, more than any other, at the American dollar (USD), which he has repeatedly called fake money in the past.
For example,
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