Most notable for his book “Rich Dad Poor Dad”, Robert Kiyosaki, an investor and educator in the finance industry, has taken to X, formerly Twitter, to share his thoughts on the current state of the market.
Referencing his self-published book, a New York Times bestseller, Kiyosaki points to his generation, the boomers, as his key demographic, adding that his warning on the stock market crash could eliminate the financial security of “millions of investors.”
“That stock market crash arrived today. We are definitely in a RECESSION and, more than likely, a DEPRESSION. Why was I warning BOOMERS? Because BOOMERS are out of time….or a pilots say, “They are running out of runway.” They do not have time to “Invest for the long term in stocks, bonds, mutual funds, or ETFs.” He asserted.
According to the financial markets expert, non-Wall Street assets are the best hedge against the stock market’s volatility. “For many years, I have suggested saving real gold, real silver, and today, BITCOIN.”
Kiyosaki says the stock market crash will serve Bitcoin, Gold, and Silver
According to the author, the stock market crash could prompt the U.S. government to increase the printing of fiat currency over time. This development could devalue fiat currencies and, in turn, position assets like Bitcoin, Gold, and Silver as an attractive alternative.
He asserts that, rather than rising prices, the aforementioned assets will benefit from the dollar’s decline in value.
With inflation going up, the food, housing, and energy industries could become more expensive, Kiyosaki noted. “You may want to save real money, which is gold, silver, and Bitcoin.” He concluded.
At the time of this report, Bitcoin (BTC) is the leading cryptocurrency by market cap, valued at $82,410.
