- Kiyosaki warns only Bitcoin holders will survive looming market crash.
- Trump’s new policy allows Bitcoin in 401(k) retirement plans.
- Asian investors shift to gold as US bonds lose appeal.
According to financial author and investor Robert Kiyosaki, the world is on the brink of a new Great Depression. He warned that a massive market crash would wipe out wealth for many stock and bond investors, while Bitcoin holders could emerge as the main winners.
Kiyosaki leveled direct accusations by saying that financial planners and investment advisors were misleading clients by telling them that bonds were safe. His line of argument was that in the case of a crash, no traditional market asset is safe.
As evidence, he pointed to the downturn in the commercial real estate sector and the downgrade of US bonds by ratings agency Moody’s.
The author of Rich Dad Poor Dad noted that Asian investors are actively buying gold while interest in US bonds continues to decline. He disclosed that he has been steadily buying Bitcoin, gold, silver, oil, and cattle over the years as the main assets that will appreciate once the crisis occurs.
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Kiyosaki indicates that stockholders and bondholders will experience huge losses, but Bitcoin holders can survive the storm because, like gold, Bitcoin is likely to keep its value.
Trump Order Opens Door for Bitcoin in Retirement Accounts
Kiyosaki also praised current US President Donald Trump for signing an executive order permitting 401(k) retirement accounts to include private equity, real estate, and Bitcoin. He termed this a good move for investors who need a more secure option outside the regular market.
However, Bloomberg ETF analyst Eric Balchunas was not sure about the immediate effects of the order. He explained that the majority of fund managers are still concentrated in stocks and bonds, and they might not be keen on including Bitcoin in their portfolio, in part because they do not understand how to manage it properly.
Bitcoin’s market performance has been strong, as it increased by almost 3 percent in the last 24 hours. The cryptocurrency momentarily hit $117,000 and is now marginally decreased to $116,860. Kiyosaki is also convinced that these movements support the idea of Bitcoin as a hedge against the instability of the rest of the market.
Kiyosaki has maintained his position that physical assets, especially Bitcoin, will be the solution to survive the subsequent Great Depression. He calls on investors to act in anticipation of the impending crash that would wreak havoc on the global financial system.
Conclusion
Robert Kiyosaki’s warning adds urgency to the ongoing debate over market safety and diversification. His call for Bitcoin ownership underscores his belief that alternative assets will be vital in protecting wealth during severe economic downturns.
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