The well-known author of the popular book Rich Dad Poor Dad recently drew strong criticism. People online questioned what he said about when he stopped buying certain assets, including Bitcoin. They asked a simple question: is he lying now, or has he been misleading people for a long time?
Who is Kiyosaki? Robert Kiyosaki is an American businessman, entrepreneur, and author. He is best known for writing the Rich Dad Poor Dad series and for teaching people about money and investing. Many readers look to him for financial advice. He built a big following by sharing ideas on how to grow wealth and protect it from economic problems.
The controversy began because he has been very vocal about Bitcoin (the most famous digital money) and other assets. He praised Bitcoin a lot during the COVID-19 crash and told people to buy more. He also talked about buying gold and silver, and he recently added Ethereum to his list of recommended assets. In short, he has encouraged people to invest in several kinds of assets that are not controlled by a single bank or government.
There are several online posts where Kiyosaki says he bought more Bitcoin. For example, on July 1, 2025, he wrote on X that he had “bought another bitcoin today.” At that moment, the price of Bitcoin was between about $105,000 and $110,000. This is important because it shows a specific price level he mentioned while talking about buying more.
A few weeks later, when Bitcoin moved above $117,000, he again said he planned to buy more. He also explained in early 2026 that he stops looking at prices and just keeps buying. In other words, he said he would not try to time the market by watching Bitcoin prices closely; he would keep investing regardless of the daily price swings.
Then something surprising happened. In his latest post on the same topic, he claimed that he had stopped buying Bitcoin when the price was around $6,000. People quickly checked the facts. Bitcoin has not traded at such a low price since the period right after the COVID-19 crash in mid-2020. Even if someone were to see a drop to about $60,000 later on, that price is still about ten times higher than $6,000.
The discrepancy sparked strong reactions from crypto fans. They accused him of inconsistency, or worse, lying. Some said he was lying now, while others argued he may have been misleading his audience for years. The quick online responses showed that people in the crypto community are very careful about what a public figure says about prices and investments.
In addition to individual comments, another critic weighed in. Mark McGrath, a financial commentator, shared a chart with many of Kiyosaki’s past statements. He called Kiyosaki a “lying grifter.” In his words, he criticized Kiyosaki for promoting certain assets every day for years and then claiming that he never bought them. One public reply said, “You’re such a lying grifter holy cow.” The message continued: “You’ve been pumping all 3 of these non stop daily for years and now you claim you were never buying? How you didn’t win the financial charlatan of the year award, I’ll never understand.”
Why does this matter for readers? To many people, it raises questions about trust and how public figures talk about investing. If a well-known author changes what he says about buying, some readers worry that his claims could mislead people who look up to him for financial guidance. It is not only about one post. It also touches on years of investment ideas that he has shared with his followers. When statements clash with what actually happened, followers might feel unsure about what to believe.
Let’s look at the bigger picture. Kiyosaki has long been a popular voice in the world of personal finance. His books teach that people should learn about money, manage debt, and build wealth by owning assets such as real estate, small businesses, and financial instruments like stocks or digital currencies. The book Rich Dad Poor Dad has helped many readers think differently about money, even if some parts of his advice are debated by experts and readers. If you want a quick reference, the book argues that financial education and practical money management can help people become wealthier than simply earning a paycheck. For many, it’s a simple path to understanding how investments work. Wikipedia explains more about the book and its ideas.
On Bitcoin and other digital assets, Kiyosaki has often encouraged people to diversify. He has spoken favorably not only about Bitcoin but also about Ethereum, a digital currency and platform that supports smart contracts. He has also mentioned gold and silver as parts of a plan to protect wealth from economic trouble. For beginners, a quick explanation: cryptocurrency is digital money that uses special codes to secure transactions and control new units. Bitcoin is the first and most famous example of cryptocurrency. Ethereum is another important platform and currency with a different technology. Cryptocurrency is a broad term for these kinds of digital coins and tokens.
So why did people react so strongly? Because a public figure publicly changing a clear claim about buying can be confusing. It can also make it harder for followers to know which advice to trust. In fast-moving markets like Bitcoin, timing can matter for some investors. When someone says they bought at one price and later says they stopped at another, listeners may wonder whether the person is reacting to new information, or whether the statements reflect a change in beliefs that might not be clearly explained.
What should readers take away from this situation? First, it’s important to understand the difference between a person’s opinion and actual actions. A person can say they prefer certain assets and advice on how to invest. But if the timing or details of their actions don’t line up with what they say, readers should check the facts and seek multiple sources before acting on anything that seems unclear. Second, it reminds us that investing—especially in fast-moving assets like Bitcoin—can be uncertain. Prices rise and fall, and even experienced investors can disagree about the best moves. If you are learning about these topics, take time to read from different sources and ask questions before making decisions.
Definitions for beginners (quick explanations):
- Robert Kiyosaki — an American businessman and author, known for teaching money and investing ideas. He is the author of Rich Dad Poor Dad.
- Rich Dad Poor Dad — a 1997 book that promotes financial education and ideas about building wealth through buying assets and starting or owning businesses.
- Bitcoin — the first decentralized cryptocurrency, a digital money system that works without a central bank or government.
- Ethereum — a decentralized platform that uses smart contracts, with its own cryptocurrency called Ether (ETH).
- Cryptocurrency — a digital or virtual money that uses cryptography for security and usually runs on a technology called blockchain.
In short, the controversy around Kiyosaki’s buying claims shows how important it is to check facts and be careful with investment statements. A single post or statement about buying can be different from a person’s overall strategy or from what actually happened over time. For readers who want to learn, it helps to read from multiple sources and to remember that investing involves risk and uncertainty, even for famous voices in the field.