Renowned investor and financial author Robert Kiyosaki has once again made a bold prediction about an impending economic crisis, which he claims will lead to a new Great Depression. He identifies Bitcoin as a crucial asset for survival during this period.
Kiyosaki's Market Crash Prediction
Robert Kiyosaki stated in a tweet that financial advisors are misleading clients by claiming that 'bonds are safe.' According to Kiyosaki, 'nothing is safe in a market crash,' adding that the commercial real estate market is also experiencing a downturn, and Moody's has downgraded US bonds. He observed that Asian investors are actively purchasing gold while interest in bonds is declining.
Investments in Alternative Assets
Kiyosaki admitted to accumulating Bitcoin, silver, and gold, as well as oil and cattle for years. He believes that these assets will enable him to become richer during the anticipated crash and next Great Depression. He asserted that stockholders and bondholders would lose their investments, and only Bitcoin holders would survive the impending market collapse.
Permission to Add Bitcoin to Retirement Accounts
In an earlier tweet, Kiyosaki also mentioned that US President Donald Trump signed an executive order permitting Bitcoin in 401(k) retirement accounts. Kiyosaki views this as a great idea for investors. However, Bloomberg ETF expert Eric Balchunas expressed skepticism that most fund managers will take advantage of this option, as these accounts are primarily focused on bonds and stocks. He noted that investing in Bitcoin requires education and understanding of the asset, which many of these managers lack.
Robert Kiyosaki's predictions spark much discussion and questions. His confidence that Bitcoin will become a key asset for survival during an economic crisis highlights the growing interest in cryptocurrencies as an alternative investment during instability in traditional markets.
