Robert Kiyosaki Warns of "Biggest Crash in History" and Advocates for Saving Bitcoin to Protect Wealth

Robert Kiyosaki, author of "Rich Dad Poor Dad," warns of an impending economic crash and advises saving Bitcoin to protect wealth. He blames the Fed Reserve for printing "fake" dollars, contributing to a growing national debt and potential market collapse. Kiyosaki believes Bitcoin can safeguard wealth during this crisis.

Robert Kiyosaki, renowned author of "Rich Dad Poor Dad," has issued a stark warning about an impending economic crash, advising investors to protect their wealth by investing in Bitcoin. Kiyosaki, known for his critical stance on the financial system, blames the Federal Reserve's money-printing policies for contributing to a growing national debt and potential market collapse. He believes Bitcoin can serve as a hedge against this instability.

Kiyosaki's warning comes as Bitcoin has achieved a new all-time high, reaching $123,236 and a 26.77% increase in value since the beginning of the year [1]. Despite this growth, Kiyosaki suggests that a bubble burst scenario could lead to a significant decline in Bitcoin's value, as well as in gold and silver. He emphasizes his cautious attitude towards the unpredictable global economic environment.

The author has consistently urged investors to move away from fiat currencies and accumulate real assets like gold, silver, and Bitcoin. In a recent post on social media, Kiyosaki criticized the Fed's money-printing policies and warned of an imminent financial crash [2]. He argues that every time the US Federal Reserve encounters a financial crisis, its response is to "PRINT fake $," leading to a cycle of debt and inflation.

Kiyosaki's message remains consistent: avoid storing wealth in cash, which he calls "fake money," and focus instead on acquiring tangible assets like gold, silver, and Bitcoin as a means of wealth preservation. He believes Bitcoin can serve as a viable alternative to traditional financial systems, providing a way to preserve wealth outside the traditional system.

The International Institute of Finance (IIF) has warned that under President Trump's leadership, the US national debt is about to "explode in growth," reaching over 135% of GDP in the next 10 years [3]. This fiscal expansion may force the Federal Reserve to reconsider its interest rate cut plans, keeping borrowing costs in the United States at higher levels for a longer period.

Elon Musk, CEO of Tesla, has been appointed to lead a newly established department called the "Department of Government Efficiency" (DOGE), aiming to offset the impact of tax cuts by reducing federal spending. However, economists doubt the feasibility of such massive spending cuts.

Kiyosaki's latest warning adds to his series of public statements over recent months, where he has expressed concerns about the stability of the US economy, rising debt levels, and the potential devaluation of fiat currency due to what he terms 'money printing' [4].

References:
[1] https://en.coin-turk.com/robert-kiyosaki-warns-bitcoin-gold-and-silver-on-the-edge-of-a-crash/
[2] https://m.economictimes.com/markets/commodities/news/rich-dad-poor-dad-author-robert-kiyosaki-repeats-call-to-buy-gold-silver-bitcoin-warns-of-imminent-crash/amp_articleshow/122829400.cms
[3] https://www.moomoo.com/news/post/35723286/record-tr4cking-news-market-rotates-to-small-cap-semis-nvidia-partners-astera-labs
[4] https://finance.yahoo.com/news/rich-dad-poor-dad-author-232057294.html