Kiyosaki Warns of Impending Recession, Advocates Bitcoin, Gold, Silver

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has recently drawn attention from investors with his social media comments. In a recent post, Kiyosaki highlighted Bitcoin as a potential solution amidst growing concerns over a potential market crash. He also warned about an impending recession, which could further dampen market sentiment.

Kiyosaki reiterated his prediction from his book Rich Dad’s Prophecy, stating that the biggest stock market crash in history has already begun. He emphasized that Baby Boomers, in particular, may not have enough time to recover from traditional investments. The financial future of millions, especially those nearing retirement, is under threat, according to Kiyosaki. Traditional assets like stocks, bonds, mutual funds, and ETFs may no longer be viable, he warned. Instead, he advised traders to focus on what he calls “real money.”

Kiyosaki recommends assets like physical gold, silver, and Bitcoin as a hedge against inflation and the ongoing dollar debasement. These assets, he believes, could rise as the value of fiat currency declines due to aggressive money printing by the Federal Reserve. He emphasized that the prices of these assets do not necessarily rise on their own; rather, it’s the purchasing power of the dollar that’s dropping, making everything from food to energy more expensive. “You may want to save real money which are gold, silver, and Bitcoin,” he suggested.

In addition to calling Bitcoin, gold, and silver a safer haven, Kiyosaki addressed the current market situation. He noted that the US has not just slipped into a recession but may already be entering a depression. The current downturn could expose millions of investors to significant losses if they continue relying on fiat-based paper assets. His message was particularly directed at older generations who are running out of time to recover losses. Instead of traditional long-term strategies, he suggests immediate action through alternative assets like Bitcoin, gold, or silver accumulation.

Kiyosaki has repeatedly voiced his concern against fiat currency, claiming that central banks and the government steal wealth through inflation, driven by excessive money printing. As fiat currencies lose value, Kiyosaki predicts a strong rise in real assets like Bitcoin, gold, and silver. However, while bullish on Bitcoin, Kiyosaki recently said silver might outperform both Bitcoin and gold. He cited silver’s industrial demand and limited supply as key drivers for future price growth.