Robert Kiyosaki warns of a market crash, calling the financial system a Ponzi scheme. He urges investors to protect their wealth with bitcoin, gold, and silver.
Kiyosaki Predicts Financial Crisis, Urges Bitcoin and Precious Metals Investment
Robert Kiyosaki, author of Rich Dad Poor Dad, has doubled down on his warnings of an economic collapse, calling the traditional financial system a “Ponzi scheme.” He is urging investors to shift their wealth into bitcoin, gold, and silver to safeguard against what he predicts will be one of the most devastating market crashes in history.
Market Crash Threatens Baby Boomers’ Retirement Savings
On March 8, Kiyosaki took to social media platform X to claim that the stock market crash he predicted in his 2014 book, Rich Dad’s Prophecy, has now arrived. He warned that millions of baby boomers relying on Defined Contribution (DC) pension plans, such as 401(k)s and IRAs, could see their savings wiped out. Unlike Defined Benefit (DB) pensions, which provide guaranteed payouts, DC plans depend on market performance, making them vulnerable in downturns.
Unfortunately, that crash has arrived, possibly wiping out the futures of millions of baby boomers worldwide, Kiyosaki stated.
Kiyosaki Advocates Bitcoin, Gold, and Silver
To protect themselves, Kiyosaki advised investors to move away from traditional paper assets. He argued that the current monetary system is “corrupt and criminal” and recommended owning tangible assets like gold, silver, and bitcoin.
How does an individual beat this corrupt and criminal monetary Ponzi scheme, Start by investing and taking possession of real gold, silver, and bitcoin,” he wrote.
Kiyosaki also warned against exchange-traded funds (ETFs), calling them “as fake as the U.S. dollar and U.S. bonds.” He emphasized that he only trusts physical assets and not financial instruments tied to them.
Bitcoin as a Hedge Against Economic Instability
Recently, Kiyosaki has increased his bitcoin holdings, citing growing concerns over the U.S. economy. He believes bitcoin is a safe alternative as the dollar weakens. His confidence in BTC has strengthened following former President Donald Trump’s executive order to establish a strategic bitcoin reserve.
Kiyosaki predicts that more governments will follow suit, viewing bitcoin as a hedge against economic instability.
With Kiyosaki’s warnings gaining attention, investors are reevaluating their portfolios. Whether his predictions come true or not, diversifying assets may be a key strategy in uncertain times.
