Robert Kiyosaki, a renowned financial education advocate and the author of the popular book on finance management “Rich Dad Poor Dad,” has issued a gloomy prediction about the global financial system, adding that Bitcoin can help one go through its future collapse securely.

He also slammed Bitcoin ETFs, insisting that only real Bitcoin is worth buying. He also admitted that Bitcoin might be a scam but added that there is an even bigger and worse scam.

“Bitcoin might be scam”

In his tweet, Kiyosaki admitted that, as many non-believers say, Bitcoin might be a scam, however, he clearly does not share that view. The real big scam named by the financial guru is “the US Dollar and the US Banking System,” and this scam starts with the Federal Reserve, he said. Those scammers who ran American banks are called “banksters” per Kiyosaki as he believes them to be one big gang. He says that the first one to call them that was the renowned podcaster Gerald Celente who has been sending heavy critique at banks and the banking system in general.

The financial expert referred to the recent bank collapse in 2023, when the U.S. government and the Fed Reserve bailed out those banks by printing billions of dollars.

“They should go to jail,” Kiyosaki insists.

Kiyosaki slams Bitcoin ETFs

Robert Kiyosaki reckons that this “criminal enterprise” (meaning the Fed Reserve) “cannot last much longer” and is likely to collapse in the near future, without giving any specific timing for that to happen.

Robert Kiyosaki then stated that he predicts that the U.S. financial system will collapse and the global one is likely to follow suit. Therefore, he wrote, it would be wise to buy Bitcoin, physical gold and silver — he considers these assets to be safe-haven ones that can survive any financial market turmoil and even survive banks.

However, the author of the “Rich Dad Poor Dad” book warned his readers on the X social media platform against investing in Bitcoin exchange-traded funds (ETFs). He called them “bankster’s money,” insisting that it is only real Bitcoin and its direct ownership that really makes a difference.

On Friday, the world’s flagship cryptocurrency, Bitcoin, crashed below $80,000 and hit $78,764 per coin. After that, a recovery followed, taking BTC 7.79% up. As of this writing, Bitcoin is changing hands at $84,972.