Robert Kiyosaki advises buying Bitcoin and Ethereum as protection amid rising global crisis and financial market fears
Robert Kiyosaki, author of Rich Dad Poor Dad, has once again endorsed Bitcoin and Ethereum as reliable assets during economic uncertainty. In a recent post on X, he urged investors to buy these two cryptocurrencies, along with gold and silver, to protect their wealth as the global economy faces increasing instability.
Kiyosaki Warns of Economic Collapse
Kiyosaki stated that the world is getting poorer and that a major financial collapse is already starting. He described the situation as the “biggest crash in history,” warning that it could affect countries across the U.S., Europe, and Asia. According to him, global markets are entering a phase of rising inflation and job losses driven by artificial intelligence.
He believes this economic downturn will lead to higher poverty rates. In response, he advised investors to consider alternative assets. “Buy gold, silver, Bitcoin, and Ethereum,” Kiyosaki wrote on X, calling them tools for wealth preservation. He emphasized that while many may lose everything, those who prepare early could benefit.
Kiyosaki also pointed to the end of Japan’s carry trade as a signal that financial bubbles are about to grow. He said that investors should act fast as the markets begin to shift in unpredictable ways.
Bitcoin and Ethereum as Safe Havens
The author expressed strong belief in Bitcoin and Ethereum’s long-term value despite recent market losses. Bitcoin recently dropped to $81,000, while Ethereum fell below $3,000. Kiyosaki acknowledged these price drops but maintained that both assets are essential during market downturns.
Although he recently sold $2.25 million worth of Bitcoin to fund business ventures, he confirmed he remains confident in its future. He stated that he plans to use income from his new businesses to buy more Bitcoin. He added that Ethereum offers similar value during unstable periods.
Kiyosaki also commented on the unusual market conditions, noting that gold, silver, and stocks are still rising while Bitcoin lags. This, he said, could be a sign that the crypto market is in a bear phase.
Related Reading: Robert Kiyosaki Says Bitcoin and Ethereum Are Real Money Over Fiat
Warning of a Global Crash and Job Losses
Kiyosaki also claimed that the world is entering what he called the “biggest crash in history.” He believes this downturn will not just affect one region but will have a global reach. He mentioned that the crash could affect both residential and office real estate markets.
In his view, artificial intelligence will play a part in job losses, which could speed up the downturn. This would likely reduce income for many people and put pressure on housing and financial markets. As a result, Kiyosaki continues to encourage people to move their money into Bitcoin and Ethereum.
His warning came at a time when Bitcoin and Ethereum prices dropped, with Bitcoin falling below $81,000 and Ethereum below $3,000. The crypto market has been under pressure, even as gold, silver, and stocks are rising.
Source: https://www.livebitcoinnews.com/crypto-news-robert-kiyosaki-backs-bitcoin-and-ethereum-amid-global-crisis-fears/
