Robert Kiyosaki Encourages Investors to Purchase Bitcoin, Sounds Alarm on ‘Largest Crash Ever’
Well-known financial guru Robert Kiyosaki has shared a cautious perspective amid the surging cryptocurrency market.
While many supporters are optimistic about Bitcoin [BTC] hitting $150K, Kiyosaki has expressed worries about an upcoming economic downturn, labeling it as the “largest crash in history.”
Kiyosaki’s Stance on Bitcoin
In his statement, the Rich Dad Poor Dad co-author underscored the shift towards high-risk assets like BTC and gold, urging investors to rethink conventional investments like shares and bonds.
In a recent update on X, Kiyosaki drew attention to the financial vulnerability of the baby boomer generation as market dynamics evolve.
He pointed out how past occurrences, such as the real estate upsurge in the 1970s and the growth propelled by 401(k) schemes, have given rise to unrealistic financial expectations.
Kiyosaki cautioned,
“When the stock market collapses, boomers will suffer the most.”
Here, he stressed the necessity for a significant review of investment strategies.
Furthermore, he urged younger individuals to assist their parents in reassessing their investment portfolios to shield against potential market downturns, promoting a move towards more diversified and risk-aware approaches.
“If I were a boomer’s child, I would subtly advise my parents to sell their house, stocks, and bonds now at peak prices, before the imminent crash … and to invest in gold, silver, and bitcoin now … to prepare for the possibility of them relying on you for financial support in their old age or health issues.”
Kiyosaki Views Bitcoin as a Safe Investment
Moreover, Kiyosaki stressed the significance of younger generations recommending their parents to liquidate high-value assets like real estate and stocks while prices are advantageous.
He preemptively warned of potential significant downturns in these markets and stated,
“The largest crash in history is on the horizon. Take proactive steps towards financial prosperity before boomers face financial ruin,” he advised, advocating for investments in Bitcoin, gold, and silver as safeguards against the anticipated market downfall.
This perspective, particularly following the recent crypto market turbulence, reaffirms his trust in BTC as a reliable shield against financial upheavals.
Nevertheless, this isn’t the first instance of Kiyosaki endorsing non-traditional investments.
He has consistently championed Bitcoin, emphasizing its ability to weather macroeconomic challenges.
However, his recent counsel comes amidst heightened market volatility, triggered by a $1.7 billion liquidation wave in the crypto market, sparking worries about broader market instability.