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'Rich Dad Poor Dad' author joins Elon Musk's war against rising 'debt ceiling'
'Rich Dad Poor Dad' author joins Elon Musk's war against rising 'debt ceiling' originally appeared on TheStreet.
'Rich Dad Poor Dad' author and Bitcoin advocate Robert Kiyosaki thinks it's not possible to fix the U.S. debt problem:
Kiyosaki made the comment while discussing the rising national debt and President Donald Trump's "big, beautiful bill" with host Brian Rose on the London Real podcast.
The bestselling author urged the viewers to abandon fiat money and choose Bitcoin, gold, and silver, as he believes the country is poised for the greatest financial collapse in history.
Kiyosaki doubled down on his earlier prediction and repeated that the king coin will hit the price of $1 million within the next 10 years.
Kiyosaki gave credit to the tech-savvy young generation for adopting Bitcoin earlier, as his "boomer" generation was "sound asleep at the wheel."
When Rose asked Kiyosaki's opinion about people criticizing the big, beautiful bill for "still too much spending," the author said that he doesn't think the debt issue is fixable. He warned that America is going deeper and deeper into debt.
Kiyosaki criticized the Fed for printing money every time there is a deficit challenge facing the economy. He warned:
Among the most prominent voices against Trump's latest bill is Elon Musk, who dubbed it the "Debt Slavery Bill." The nonpartisan Congressional Budget Office estimates the bill could add up to $3.8 trillion to the already rising debt of $36.9 trillion over the next ten years.
Bitcoin, the asset Kiyosaki trusts will save the people from such crises, was trading at $104,469.80 at press time, up nearly 50% over the last 12 months.
'Rich Dad Poor Dad' author joins Elon Musk's war against rising 'debt ceiling' first appeared on TheStreet on Jun 5, 2025
This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
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