Bitcoin News Today: U.S. Debt Nears $36.6 Trillion as Kiyosaki Warns of 1929-Style Crash, Backs Bitcoin/Gold/Silver

Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a stark warning that the U.S. economy is on a trajectory reminiscent of the 1929 stock market crash and the Great Depression. Citing concerns over the nation’s $36.6 trillion debt—recently inflated by a $5 trillion debt ceiling increase—and the risks of prolonged monetary expansion, Kiyosaki advocates for a shift to Bitcoin, gold, and silver as safe-haven assets. His remarks, posted on X, emphasize the fragility of traditional financial systems and the growing reliance on cash and precious metals by investment icons like Warren Buffett and Jim Rogers [1].

Kiyosaki argues that the U.S. debt model is unsustainable, with interest payments consuming 13% of the federal budget and projected to exceed $1 trillion annually by 2033. This trajectory, he warns, could force cuts to critical programs such as Social Security and Medicare. His comments align with broader concerns from analysts. Kurt S. Altrichter of Ivory Hill Wealth notes the U.S. housing market is flashing recession signals, with a 9.8-month supply of new single-family homes—a level historically associated with economic downturns [2]. Jack Mallers, CEO of Strike, further highlights the Treasury’s limited options, stating that expanding the monetary base (i.e., money printing) is the only remaining path [3].

Despite short-term volatility, Bitcoin remains a focal point for Kiyosaki. The cryptocurrency fell to an intraday low of $117,914 following his comments, as $47.5 million in leveraged long positions liquidated. However, Bitcoin has gained over 60% from April lows, with market participants viewing its long-term fundamentals as bullish. Kiyosaki reaffirmed his position, stating, “I sit tight with gold, silver & Bitcoin,” underscoring his belief in their role as hedges against inflation and systemic risk [1].

The debate over Kiyosaki’s alarmist stance reflects broader anxieties in financial circles. While critics argue that his warnings may exaggerate risks, the growing chorus of investors and analysts calling for scarce assets as a response to fiscal instability suggests his concerns resonate. The U.S. Treasury’s recent debt ceiling agreement and the housing market’s fragility further amplify these worries. Kiyosaki’s message, however, remains clear: “Please take care,” he wrote, urging individuals to conduct their own research [1].

Sources:

[1] Cryptonews.com. Rich Dad Poor Dad Author: “1929 Crash Warning!” – All in on Bitcoin, Gold and Silver. [URL]

[2] Twitter post by Kurt S. Altrichter, CRPS® (July 7, 2025). [URL]

[3] X post by Jack Mallers, CEO of Strike. [URL]