Robert Kiyosaki Warns of Stock Market Crash, Touts Bitcoin as Safe Haven

Robert Kiyosaki Warns of Stock Market Crash, Touts Bitcoin as Safe Haven

Robert Kiyosaki, renowned financial expert and author of Rich Dad Poor Dad, has issued a stark warning about the current stock market crash, revealing that a prophecy from his 2002 book Rich Dad’s Prophecy has come to fruition. Kiyosaki predicts the largest stock market collapse in history, particularly impacting Baby Boomers, as they lack the time for long-term investments in traditional assets like stocks, bonds, and ETFs.

While Kiyosaki distinguishes the current situation as a recession rather than a depression, he emphasizes the severity of the financial downturn. He suggests that the market crash is wiping out "fake paper assets," urging investors to seek refuge in "real money" such as gold, silver, and Bitcoin.

Kiyosaki anticipates the U.S. Federal Reserve resuming large-scale money printing, which he believes will further devalue the dollar. Although he acknowledges that Bitcoin's price may appear to surge, he attributes this to the dollar's decline rather than inherent value growth. Still, he advocates for investing in Bitcoin, gold, and silver as a hedge against inflation and financial instability.

In conclusion, Kiyosaki advises those with remaining "runway" to prioritize saving real assets, including Bitcoin, to navigate the ongoing economic turmoil.