Robert Kiyosaki Predicts Economic Depression: Is Bitcoin the Safe Haven?

Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a warning about an impending global depression.

In a recent post he said the financial market crash he’s been predicting has already started. He’s pointing to economic issues in Europe, China and the US and told people to get ready for a “depression” phase.

Kiyosaki says assets like gold, silver and Bitcoin (BTC) are still valuable in times of uncertainty. “For many people crashes are the best times to get rich” he said, meaning people can make money in a turbulent market. His comments are in line with his previous warnings of “the biggest crash in history” and to take proactive measures to protect your wealth.

Bitcoin as a Hedge Against Turmoil?

Bitcoin’s price has followed the overall market’s volatility and is down 1.5% in the last 24 hours to $95,323. Trading between $97,260 and $93,690, the crypto market is still uncertain. Adding to the concerns, there were big outflows from US Spot Bitcoin ETFs including BlackRock’s, the largest outflow since its launch.

Despite short term setbacks, experts are still positive. Renowned market analyst Peter Brandt recently put out new price targets for BTC and is still bullish on it’s long term growth. Institutional players like Metaplanet are still buying more Bitcoin, so they are still bullish on the asset.

Why Kiyosaki Recommends BTC, Gold, and Silver

Kiyosaki says Bitcoin, gold and silver are assets to hold during market instability. “Depression ahead?” he asked, meaning people should hold assets that are resilient during financial chaos.

While volatility is scary, many see the dip as a buying opportunity. Institutional and retail investors are looking to make money, especially as BTC’s long term looks better in a economic downturn.

Key Takeaways:

  • Robert Kiyosaki predicts a global economic depression following widespread market crashes.

  • Bitcoin, trading at $95,323, faces volatility but retains long-term investor confidence.

  • Institutional interest in BTC and safe-haven assets like gold persists, signaling resilience amid economic uncertainty.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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