Robert Kiyosaki Warns of Impending Great Depression: Turns to Bitcoin as Economic Hedge

Summary: Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad,” has issued a stark warning about the U.S. economy, likening current conditions to the lead-up to the 1929 Great Depression. Amid looming fears of a major economic downturn, Kiyosaki is turning to Bitcoin, gold, and silver as protective assets.

Great Depression Incoming: Echoes of 1929

In a recent post on social media platform X, Kiyosaki cautioned that the U.S. is dangerously close to repeating the economic collapse of 1929. Labeling America as “the biggest debtor nation in history,” he criticized the nation’s aggressive fiscal policies and reliance on money printing to service its ballooning debt.

Kiyosaki urged investors to follow the actions of seasoned financial figures like Warren Buffett and Jim Rogers, both of whom have reportedly reduced their exposure to equities and bonds in favor of safer assets such as silver and cash. He noted, “If you do not know why Buffett and Rogers have sold their stocks and bonds you may want to find out.”

Bitcoin as the Hedge: A Lifeline in a Failing System

In response to the perceived economic threat, Kiyosaki revealed his personal strategy for weathering a financial storm — investing in gold, silver, and increasingly, Bitcoin. While gold and silver are long-established safe-haven assets, Kiyosaki’s inclusion of Bitcoin underscores its rising status as a digital alternative in times of monetary instability.

Kiyosaki has previously predicted that Bitcoin could eventually reach $1 million per coin, viewing it as a key hedge amid systemic financial fragility. His endorsement gains further relevance as concerns grow over the traditional financial system’s resilience.

Bitcoin’s performance during crises has bolstered its reputation as a valuable inflation hedge. During a short-lived banking crisis in the U.S. in 2023, Bitcoin reportedly outpaced gold with 10X returns. The digital asset has also achieved multiple all-time highs in the last year and, according to a recent report from Russia’s Central Bank, has outperformed traditional assets since 2022.

Market Impact and Strategic Shifts

Kiyosaki’s stance adds to the growing list of prominent investors advocating for digital assets amid macroeconomic uncertainty. His call for preparation ahead of a potential market crash could influence risk-averse investors to diversify beyond conventional stock and bond portfolios.

Bitcoin Price Update

At the time of writing, Bitcoin is trading at $118,870, maintaining its position as one of the top-performing financial assets globally.