The author of 'Rich Dad Poor Dad,' Robert Kiyosaki, reiterates his warning about an imminent economic downturn comparable to the Great Depression. He believes investments in Bitcoin, gold, silver, and oil are essential for preservation and growth of wealth.
Kiyosaki Warns of Market Crash
Kiyosaki stated on social media that no investment is entirely secure during a market crash. He pointed out the significant decline in the commercial real estate sector and Moody's recent downgrade of the U.S.'s long-term credit rating. He noted that while demand for gold among Asian investors is rising, interest in bonds is fading.
Bitcoin's Role in Retirement Funds
Kiyosaki positively commented on the executive order signed by former U.S. President Donald Trump, allowing for the inclusion of private equity, real estate, and Bitcoin in 401(k) retirement accounts. He sees this as a significant opportunity for investors.
Expert Opinion on Bitcoin's Prospects
However, Bloomberg ETF analyst Eric Balchunas noted that most fund managers are unlikely to pivot towards Bitcoin. According to Balchunas, stocks and bonds remain the primary focus of 401(k) accounts. He emphasized the necessity for managers to have adequate knowledge and experience with Bitcoin investments.
Kiyosaki continues to warn about the risks for traditional investments and emphasizes Bitcoin and other assets as potential pathways to preserving wealth amid an escalating economic crisis.
