The author of the book Rich Dad Poor Dad Robert Kiyosaki made a statement to his followers, explaining the long-term weakening of the US dollar.

In a recent social media post, Kiyosaki wrote that the US dollar has lost 95% of its purchasing power since the 1970s.

He notes that holding any currency, especially fiat currency, carries economic risks and encourages investors to consider alternatives like Bitcoin.

Just recently, this financial writer once again expressed confidence that the price of Bitcoin will reach one million dollars in the near future.

Robert Kiyosaki reveals that the US dollar has lost 95% since the 1970s.

Financial analyst and author of the book Rich Dad Poor Dad, Robert Kiyosaki, once again voiced his opposition to the US dollar, calling it a fake currency in one of his recent X posts.

According to him, the US dollar has lost nearly 95 percent of its purchasing power since he was in his 20s.

Robert Kiyosaki has used this historical decline to argue that saving fiat currency is not a safe long-term strategy.

In the same post, Kiyosaki criticized those holding fiat money, saying that people often do not connect rising food prices with a weakening dollar.

He recounts the story of a confident colleague who kept his savings in the bank despite rising inflation.

According to him, such savings will lose real value over time, and he cites a clear example of the high price situation of essential items like eggs.

Kiyosaki urged people to stop storing their financial future in US dollars and instead consider assets like Bitcoin, gold, and silver. He reiterated one of his long-standing financial teachings: "Savers are losers."

This quote, often repeated in his books and speeches, refers to how inflation erodes the amount of cash held in traditional bank accounts. From his perspective, banks print more money while savers do not see any protection for their purchasing power.

The purchase of Bitcoin was confirmed when Kiyosaki predicted a target of $1 million.

Most recently, Robert Kiyosaki publicly revealed on social media that he had indeed bought back Bitcoin.

He acknowledged that his actions might be wrong, but he stated he is willing to take short-term losses if he can leverage Bitcoin's long-term potential.

Robert Kiyosaki still believes that the price of BTC could reach one million dollars per coin in the long-term outlook.

This financial author added that he feels comfortable risking $100,000 in Bitcoin, stating that the lessons he learned from previous losses are more important than the money itself.

Moreover, he mentioned his early investment history, when he bought his first property with a credit card and generated $25 in passive income each month.

The agreement took place in Hawaii in 1973, at a time when he stated the value of the dollar had begun to decline long-term.

Robert Kiyosaki once again emphasized that holding savings in US dollars is not a healthy financial strategy. He stated that traditional bank deposits, often regarded as safe, have continuously lost value due to inflation and central bank money printing.

Bitcoin price action and market sentiment

Following Robert Kiyosaki's criticism of the US dollar, the price of Bitcoin traded at $108,700, up 1.83% over the past seven days.

Although the 24-hour trading volume decreased by 23%, Bitcoin's market capitalization remains above $2.16 trillion, with a fully diluted valuation (FDV) of $2.28 trillion.

Furthermore, the BTCUSD chart shows a recovery after a brief dip near $106,000 on July 2 when buyers returned to the market.

However, even with Robert Kiyosaki's bullish forecast, this leading cryptocurrency could still drop to a low of $40,000, according to analyst Ali Martinez.

He pointed out the unusual quarterly sell signal from TD Sequential, which preceded significant crashes in 2015 and 2018.