The “biggest” financial market crash is imminent, according to Robert Kiyosaki, who advises investors to buy Bitcoin instead of conventional assets.
The most recent X post by Robert Kiyosaki, author of Rich Dad Poor Dad, has once again sparked discussions in the broader financial market. The renowned author’s recent social media post forecasted a potential financial market crash, which negatively impacted the sentiment of traders during the recent market selloff. Additionally, he encouraged investors to redirect their attention from conventional assets such as stocks and bonds to risk-bet assets such as gold and Bitcoin.
Robert Kiyosaki Encourages Boomers to Exercise Caution
Kiyosaki recently expressed his apprehension regarding the financial vulnerability of baby “boomers” as market conditions continue to change in a post on X. He contended that historical trends, such as the real estate boom of the 1970s and the stock market gains that were stimulated by 401(k) plans, have established unattainable expectations. “Boomers will be the most significant losers when the stock market collapses,” he cautioned, underscoring the necessity of a significant financial transformation.
Furthermore, Kiyosaki encouraged the younger generation to suggest to their parents that they sell high-value assets, such as stocks and real estate, while prices are still favorable. He anticipated that these markets would experience substantial declines shortly. “The most significant crash in history is imminent.” He urged investors to purchase Bitcoin, gold, and silver to be proactive and accumulate wealth before the boomers collapse. Amid the recent crypto market crash, this comment underscores his confidence in Bitcoin as a protective measure against the impending collapse.
Kiyosaki has previously advocated for alternative investments. He has consistently promoted Bitcoin, emphasizing its capacity to withstand macroeconomic challenges. Nevertheless, his most recent recommendation is issued amid heightened volatility, as a $1.7 billion crypto market liquidation wave has sparked apprehensions regarding the overall market’s fragility.
A Closer Examination of the Stock Market
The current performance of the U.S. stock market is in stark contrast to Kiyosaki’s dire forecast. The S&P 500 is poised to achieve an unprecedented 14th consecutive year of outperforming global markets, per The Kobeissi Letter. Since 2009, the index has increased by 446%, significantly more significant than the MSCI World Index’s 229% increase.
Furthermore, retirement savings accounts in the United States have experienced significant growth. In the third quarter of 2024, the number of 401(k) millionaires surpassed 544,000, representing a 56% increase from the previous year. Despite this, nearly 40% of employees cannot access retirement savings plans, underscoring the expanding wealth gap.
Nevertheless, Kiyosaki’s perspective undermines the optimism associated with these accomplishments. He thinks that traditional assets are unsustainable in the long term and cautions that investors may face catastrophic repercussions if they neglect to diversify. His emphasis on Bitcoin and other hard assets, such as gold and silver, indicates his conviction that they will maintain their value in economic instability.
