Rich Dad Poor Dad author Robert Kiyosaki is doubling down on Bitcoin (BTC) and precious metals as he warns of a possible US economic collapse.
Kiyosaki tells his 2.7 million followers on the social media platform X that the market selloff this week may indicate the “everything bubble” is on the verge of collapse.
“The everything bubble is bursting. I am afraid this crash may be the biggest in history. Germany, Japan and America have been the engines up to now. Unfortunately, our incompetent leaders led us into a trap, giant crash. I wrote about this crash in my book Rich Dad’s Prophecy. This crash is going to be bigger than the 1929 crash, a crash that led to the Great Depression.
It is normal to be disturbed and fearful. Just do not panic, be stoic, which means keep your cool, take deep breaths, keep your eyes wide open and mouth shut. While millions will be crushed, you do not have to be one of them. In 2008, I waited, letting the panic and dust settle and then started to look for great real assets on sale – at deep discounts.”
He suggests that the best stores of value during an economic crash are gold, silver, Bitcoin, and real estate.
“Simply said, this crash the world is going through just might be the opportunity of your lifetime. Be stoic and be cool no matter how turbulent things get. I will continue to acquire real estate, gold, silver and Bitcoin – on sale.”
The best-selling author also predicts that at some point during Donald Trump’s presidential term, the US will start buying Bitcoin as a way to fix the government’s financial troubles, pumping BTC.
“People who sold Bitcoin in the last crash are losers. Don’t they know who the President of the United States is? President Trump, the right president at the right time understands the power of Bitcoin. When he begins buying Bitcoin to help solve America’s financial insanity those who bought Bitcoin in the last crash will be the winners and those who sold will be the biggest losers. I bought more Bitcoin. Did you?”
Bitcoin is trading for $82,716 at time of writing, up 4.4% in the last 24 hours.
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