Robert Kiyosaki warns of a market crash, hints at depression, and questions if Bitcoin can be a safe haven.
Anxious Father, Poor Father While suggesting that an economic depression may be imminent, author Robert Kiyosaki has issued a stark warning.
The renowned author recently stated in a post on X that the global market collapse has already commenced, as he had previously predicted.
This suggests that the financial market may be entering a “depression” phase.
This is particularly noteworthy in light of the current level of volatility in the crypto market, which has led to apprehensions regarding the future of Bitcoin (BTC).
Robert Kiyosaki Teases Upcoming Economic Depression
A recent X post by Robert Kiyosaki has disclosed a stark warning of an imminent economic depression.
The author of Rich Dad Poor Dad has issued a warning that a global market collapse has already commenced, identifying Europe, China, and the United States as regions that are currently experiencing substantial declines.
In his post, Kiyosaki encouraged individuals to exercise caution and protect their finances and employment.
“The global financial crisis has commenced.” Europe, China, and the United States are experiencing declines.
He was emphasizing the enduring value of assets such as gold, silver, and Bitcoin when he inquired, “Is there a depression on the horizon?”
He further stated, “For numerous individuals, crashes are the most advantageous circumstances for accumulating wealth.”
This warning is consistent with Kiyosaki’s previous prediction of the “largest crash in history.”
He urged his followers to prepare for financial instability earlier this month, stating, “Please be proactive and accumulate wealth… before the BOOMER go BUST.”
Nevertheless, Robert Kiyosaki’s most recent statement suggests that he continues to have faith in BTC.
“Bitcoin could emerge as a hedge against traditional market instability as the crypto market experiences increased volatility,” he observed.
Additionally, it suggests that the flagship cryptocurrency, in addition to gold and silver, may continue to acquire momentum in the face of this economic downturn.
What Next For Bitcoin?
The price of bitcoin has remained volatile, with a loss of nearly 1.5% over the past 24 hours, bringing it to $95,323.
In the past 24 hours, the cryptocurrency experienced a high and low of $97,260 and $93,690, respectively, illustrating the market’s extremely volatile nature.
The BlackRock Bitcoin ETF experienced its largest outflow since its inception, while the US Spot Bitcoin ETF also experienced a substantial outflow.
This has affected the investors’ sentiment, leading to apprehensions regarding the decline in institutional interest.
Nevertheless, a significant number of experts maintained their optimism regarding the asset’s future trajectory.
In a recent X post, Peter Brandt shared a new BTC price target, which serves as an indication of his confidence in the digital asset.
Conversely, organizations such as Metaplanet Holdings have maintained their BTC investments.
These actions suggest that the long-term potential of the crypto is being optimistically viewed by many investors and institutions.
Furthermore, as Robert Kiyosaki suggested, the most recent decline also presents investors with a purchasing opportunity, which could potentially propel Bitcoin to its new all-time high.
