Robert Kiyosaki, the author of Rich Dad Poor Dad, said it is wrong that children are taught to work for money that loses value during a podcast hosted by Bitcoin Collective co-founder Jordan Walker on Wednesday. He said kids should learn about Bitcoin instead of just following the normal school and job path.
“Poor people are poor because they have no idea what real money is,” Kiyosaki said. He explained that schools, teachers, and even his “poor dad” train young people to work for “fake money.” He added, “Go to school, get a job, work hard, save money, and invest in a 401(k) full of garbage.”
Kiyosaki also criticized central banks. He called them “criminal organizations” and “Marxists.” He said every time banks print money, the rich get richer while middle and poor people lose money. “So every time you print money, you print this fake stuff here. Guys like me get richer, but the poor middle class get poorer,” he said.
Data from the U.S. Bureau of Labor Statistics calculator shows that $1,000 saved from August 2000 to August 2025 lost almost 47% of its value because of inflation. The Federal Reserve has tried to keep inflation at 2% per year, but since 2021, it has not reached that goal. In August 2025, headline inflation was 2.9%, and core inflation was 3.2%.
Kiyosaki also talked about Bitcoin. He bought his first Bitcoin when it was $6,000 and now owns 60 BTC, worth about $7 million. “And Bitcoin, when it came out, it took me a while to figure it out. Like I bought it at $6,000, and I’m still saying, ‘Why didn’t you buy more, asshole?’” he said. He also uses money from his rental properties to buy gold, silver, oil, Bitcoin, and Ethereum.
He warned people about ETFs, calling them “paper assets” that could fail if banks have problems. But he admitted ETFs are still easy for people to use. Kiyosaki predicts that Bitcoin could reach $1 million in the next ten years.
Meanwhile, people in countries with high inflation are turning to crypto. For example, in Venezuela, where inflation reached 229%, people use stablecoins like Tether for daily payments.
