Robert Kiyosaki Warns US May Be on Brink of ‘Another Great Depression,’ Says Bitcoin and These Two Other Assets Are His Top Picks
Wealthy Dad Poor Dad creator Robert Kiyosaki is as soon as once more warning that the US financial system is getting ready to a catastrophic market crash on par with the Nice Despair.
In a brand new thread on the social media platform X, the best-selling private finance creator says that traders ought to be foregoing shares and bonds in favor of gold, silver, and Bitcoin (BTC) as US nationwide debt continues to mount.
In response to Kiyosaki, even legendary billionaire traders Warren Buffett and Jim Rogers have deserted shares and bonds.
“Do you could have a 401k or IRA crammed with shares? Are you aware funding legends Warren Buffett and Jim Rogers have bought most if not all of their shares and bonds? They’re each in money or silver. In the event you have no idea why Buffett and Rogers have bought their shares and bonds it’s possible you’ll need to discover out.
I sit tight with gold, silver, and Bitcoin. Good luck. We could also be getting ready to one other 1929 crash and one other Nice Despair. America’s debt is uncontrolled. America is the world’s largest debtor nation in historical past. You possibly can solely print cash to pay your payments… for thus lengthy.”
In June, Kiyosaki mentioned that he believes silver was undervalued and that it is going to be one of many belongings traders flock to when the US inventory and bond markets collapse.
“The most important discount right now is silver. In 2025, silver might 3x. The higher information is silver continues to be 60% below all-time highs… nonetheless about $35… whereas gold and Bitcoin are at or close to all-time highs…
Silver is priced round $35 an oz, which suggests virtually everybody anyplace on the earth… has an opportunity to develop richer… whereas tens of millions develop poorer.”
Earlier this month, he predicted that the highest crypto asset by market cap may in the future attain a staggering price ticket of $1 million per token, and thus its present worth is a discount.
BTC is buying and selling for $118,080 at time of writing, a fractional lower on the day, whereas silver is valued at $36.69 per ounce.
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