American investor and author of the book “Rich Dad Poor Dad” Robert Kiyosaki explained why Bitcoin will “put an end” to fiat currencies, in particular the US dollar.

In an episode of The Rich Dad Channel podcast, the writer discussed cryptocurrencies with Pomp Investments founder Anthony Pompliano. Kiyosaki said the world is heading towards financial disaster, and artificial intelligence (AI) is accelerating the collapse. According to the writer, one day people will find that the doors of banks are closed, since it is the bankers who are destroying the economy, because in their hands there is “fake money” – government currencies.

“It’s not about Bitcoin, it’s about how incompetent our political leaders are. I call them the three stooges: President Joe Biden, US Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen. They just keep printing more money and increasing the national debt. I think we are at the end of the road,” Kiyosaki said.

Unlike ordinary money, the supply of Bitcoin is limited to 21 million coins, and since there is a finite number, the demand for Bitcoin is growing, the investor recalled. According to him, Bitcoin follows Metcalfe’s Law, which states that the financial value or influence of a network is proportional to the square of the number of users of the system. Network marketing is a powerful force, like McDonald’s, for example, and Bitcoin is also a network, the writer reasoned. In addition, the Bitcoin blockchain is transparent and open to the whole world.

“Bitcoin is number one, so I don’t sell it. Who’s number two? Nobody knows,” added Robert Kiyosaki.

Earlier, an American entrepreneur urged investors not to rely on government bonds even during an economic crisis. Kiyosaki announced that bonds are a form of debt, so they will not be able to support the economy for long.