Kiyosaki Warns of 'Greater Depression', Urges Gold, Bitcoin Investment

Robert Kiyosaki, renowned financial educator and author, has recently shared his concerns about the global economy, warning of a potential 'Greater Depression' and advising investors to diversify their portfolios with precious metals and cryptocurrencies like Bitcoin.

In a series of tweets, Kiyosaki expressed his belief that the world is on the brink of a significant economic downturn, with millions of jobs, stocks, and homes at risk. He attributed this to the ongoing market crashes and the potential for a global economic crisis.

To navigate this challenging environment, Kiyosaki recommended investing in hedge assets such as silver, gold, and Bitcoin. He also suggested investing in real estate once prices drop, but cautioned that not all real estate will perform well in a crash, with office buildings and small retail spaces being particularly vulnerable.

Kiyosaki's predictions have been met with skepticism, as his track record of market crash predictions has been inconsistent. His 2002 book, 'Rich Dad's Prophecy,' predicted a market crash around 2016, which did not materialize as expected. Additionally, his more recent crash predictions in 2020 and 2022 also failed to come to fruition.

While Kiyosaki's warnings sometimes coincide with dips in major indices, these dips have not reached the extent of a full-blown crash. Investors should be cautious when considering his advice and consult with financial professionals before making any significant investment decisions.