Rich Dad Poor Dad author Robert Kiyosaki has highlighted the bubble building up in the US equity market and predicts a 1929-like Great Depression crash in the making. In his latest message, Kiyosaki stated that it’s better to sit tight with Gold, Silver and Bitcoin moving ahead. BTC price is showing strength, moving closer to $120K, as the US-EU trade deal proceeds.
Robert Kiyosaki Predicts Stock Market Crash, Calls Bitcoin Safe Haven
Robert Kiyosaki has issued a stark warning about the potential for a major financial downturn. In his latest message on the X platform, Kiyosaki said that the current conditions could lead up to the 1929 stock market crash and the Great Depression. His comments come at a time when the US-EU trade deal proceeds after the latest rounds of tariff negotiations.
In a recent post, Kiyosaki questioned the safety of retirement accounts like 401(k)s and IRAs that are heavily invested in stocks. Citing legendary investors Warren Buffett and Jim Rogers, Kiyosaki stated that both have sold most of their stocks and bonds, opting instead to hold cash or silver.
“If you do not know why Buffett and Rogers have sold their stocks and bonds, you may want to find out,” Kiyosaki wrote.
Citing rising U.S. debt levels and excessive money printing, Kiyosaki reiterated his preference for Bitcoin. Gold and Silver. “I sit tight with gold, silver, and Bitcoin,” he said. Kiyosaki has been an ardent promoter of Bitcoin and has been raising his voice, cautioning about the rising US National Debt, which has now crossed $37 trillion.
Kiyosaki Speaks Against Bitcoin ETFs
Although Robert Kiyosaki has been promoting Bitcoin for years, he has been against Bitcoin ETFs, while stating that’s not actually holding your own Bitcoins. His central argument is that crypto ETFs do not represent direct ownership of the underlying assets, making them less credible and more akin to fiat or “paper” money. “An ETF is like having a picture of a gun for personal defense,” he said.
On the other hand, spot Bitcoin ETFs have seen huge demand since their launch in January 2024. The net assets under management across all US ETF issuers have crossed a massive $175 billion. The Bitcoin ETFs are likely to get in-kind redemptions, allowing issuers to swap assets instead of cash.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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