Why Robert Kiyosaki Keeps Buying Bitcoin Despite Calling It a Potential Scam

Renowned investor and “Rich Dad Poor Dad” author Robert Kiyosaki is at it again—contradicting himself in a way that’s actually making financial sense. He openly questions whether Bitcoin is legitimate, yet continues accumulating it. Confused? His logic reveals something deeper about modern wealth strategy.

The Real Enemy: Distrust in Traditional Finance

Kiyosaki’s skepticism toward Bitcoin isn’t really about Bitcoin itself—it’s about his decades-long war with the banking system. He views central banks and governments as the true manipulators, artificially inflating currencies and eroding purchasing power. From his perspective, the U.S. dollar and fiat money are the real “scam” destroying ordinary people’s wealth.

In this context, Bitcoin represents something different: an escape route. While he questions its legitimacy as a currency, he sees its value as an alternative asset outside government control. When your primary concern is currency debasement, you don’t need to fully trust Bitcoin—you just need it to hold value better than the alternative.

The Asset Triad: Bitcoin in the Bigger Picture

Kiyosaki has long championed a three-pillar investment approach: gold, silver, and Bitcoin. This “holy trinity” shares one critical characteristic—they exist beyond the traditional financial system’s reach. With only 21 million Bitcoin that will ever exist, scarcity mirrors precious metals’ appeal.

His reasoning: as institutional confidence in conventional finance weakens, scarcity-backed assets gain premium. Institutions are now pouring capital into Bitcoin, which paradoxically validates his thesis. Whether the asset is “legitimate” becomes secondary to whether demand will continue supporting its price.

Hedging Against System Collapse

Kiyosaki’s public warnings about an impending financial crisis aren’t pessimism—they’re portfolio strategy. He predicts scenarios where banking system failures or hyperinflation render fiat currency worthless. In such catastrophic scenarios, holding Bitcoin isn’t about profit; it’s about survival.

This explains his contradiction perfectly: you don’t need to believe Bitcoin is a perfect investment to believe it’s essential insurance. Just as you purchase car insurance despite hoping never to use it, Bitcoin serves as a hedge in his broader wealth protection plan.

The Scam That Might Still Print Money

Here’s where Kiyosaki’s thinking becomes genuinely sophisticated: he acknowledges Bitcoin could be manipulated—but so is the stock market, real estate, and every major asset class. Flaw and profitability aren’t mutually exclusive.

Major financial institutions, corporations, and now governments are accumulating Bitcoin. Whether these entities believe in its legitimacy matters less than their participation. Capital flows create price momentum regardless of whether the underlying asset is “pure” or not.

The Uncomfortable Truth

Kiyosaki’s stance reveals an uncomfortable reality many wealthy investors understand: you don’t have to believe in something to profit from it. The market doesn’t care about ideology—it cares about supply, demand, and positioning.

His continued Bitcoin purchases despite public skepticism suggest he’s betting on institutional adoption and capital inflow, not on Bitcoin revolutionizing finance. That’s a more defensible position than claiming Bitcoin will replace fiat currency, and it explains why institutional money keeps flowing in.

Whether you view this as brilliant hedging or opportunistic contradiction, one thing is clear: Bitcoin has moved beyond the realm of “belief” and into the territory of institutional necessity. Robert Kiyosaki is betting on that trend, scam accusations and all.