Bitcoin News Today: Kiyosaki warns U.S. stock market faces 1929-like crash amid $37T debt, pushes gold Bitcoin over ETFs

Robert Kiyosaki, author of Rich Dad Poor Dad and a vocal critic of traditional financial systems, has issued a dire warning about the U.S. stock market, drawing parallels to the 1929 Great Depression. In a series of statements and social media posts, Kiyosaki urged investors to abandon stock-heavy retirement accounts like 401(k)s and instead prioritize physical assets such as gold, silver, and Bitcoin. He cited the recent exits of prominent investors like Warren Buffett and Jim Rogers from equities and bonds as a harbinger of a looming crisis, emphasizing that such moves reflect a loss of confidence in an unsustainable system [1].

Central to Kiyosaki’s analysis is the U.S. national debt, which he highlighted as exceeding $37 trillion. He argues that excessive money printing and growing debt levels are eroding the value of fiat currencies, making alternative assets a safer bet. “I sit tight with gold, silver, and Bitcoin,” Kiyosaki stated, reinforcing his long-held advocacy for cryptocurrencies as a hedge against systemic collapse [1]. This stance aligns with Bitcoin’s recent price movement toward $120,000, though Kiyosaki cautioned that market strength alone does not guarantee stability [1].

Despite his bullish outlook on Bitcoin, Kiyosaki has criticized Bitcoin exchange-traded funds (ETFs), arguing they fail to confer direct ownership of the underlying assets. He labeled ETFs as “less credible and more akin to fiat or ‘paper’ money,” comparing holding an ETF to “having a picture of a gun for personal defense” [1]. This critique contrasts with the rapid growth of spot Bitcoin ETFs in early 2024, which amassed over $175 billion in assets under management. Kiyosaki’s skepticism underscores a broader debate about the authenticity of crypto exposure through traditional financial vehicles [1].

Kiyosaki’s warnings have gained traction amid evolving global economic dynamics, including the U.S.-EU trade deal. However, his focus remains on long-term structural risks, particularly the fragility of retirement portfolios heavily weighted toward equities. “Traditional portfolios are not safe,” he noted, advocating for a reallocation toward assets perceived to retain value during crises [1]. His remarks have sparked discussions about the role of physical commodities and decentralized digital currencies in safeguarding wealth against macroeconomic volatility.

The analysis of Kiyosaki’s statements reveals a consistent critique of centralized financial systems and a push for decentralized, tangible assets as alternatives. While his prediction of a “Great Depression 2.0” remains speculative, it reflects broader concerns about debt sustainability and inflation. Investors are left to weigh the validity of such forecasts against the performance of markets, which have shown resilience despite economic headwinds. As debates over Bitcoin’s role in portfolio diversification intensify, Kiyosaki’s views serve as a cautionary counterpoint to mainstream investment strategies [1].

Source:

[1] “Sit Tight With Bitcoin” Robert Kiyosaki Predicts Great Depression 2.0

https://coingape.com/sit-tight-with-bitcoin-robert-kiyosaki-predicts-great-depression-2-0/

[2] Robert Kiyosaki Predicts Market Crash

https://tradersunion.com/news/cryptocurrency-news/show/400600-robert-kiyosaki-predicts/