Bitcoin Is Messing Into the Fed’s Territory

Robert Kiyosaki — author of the 32 million-copy bestseller Rich Dad Poor Dad — has taken a coy stance on Bitcoin’s David and Goliath-like battle with the Fed.

Kiyosaki — whose book has reportedly sold 32 million copies across 40 countries and has an estimated net worth of $80 million — made his remarks during an interview with Bloomberg on Oct. 22.

Bitcoin taking on “one of the most powerful banks ever created”

Kiyosaki is no stranger to controversy: his bestseller remains one of the most well-known personal finance books ever written, yet he has also become mired in several scandals, notably over his financial education firm’s bankruptcy filing in 2012.

During the interview, Kiyosaki reiterated his belief in investing in assets such as gold, oil and real estate. When asked for his perspective on new asset classes, particularly Bitcoin, he gave an arch response:

“I think it’s so interesting. they’re taking on the FED, one of the most powerful banks ever created….