Robert Kiyosaki: Buy Bitcoin, as ‘the biggest crash in history is coming’
Renowned financial expert Robert Kiyosaki has issued a cautionary outlook amid the booming cryptocurrency market.
While many enthusiasts remain optimistic about Bitcoin [BTC] reaching $150K, Kiyosaki has raised concerns about an impending economic downturn, describing it as “the biggest crash in history.”
Kiyosaki’s Bitcoin bet
In his message, the co-author of Rich Dad Poor Dad emphasized the shift toward risk-based assets like BTC and gold, urging investors to reconsider traditional assets such as stocks and bonds.
In a recent post on X, Kiyosaki raised concerns about the financial vulnerability of baby boomers as market conditions shift.
He highlighted how past trends, such as the real estate boom in the 1970s and the growth driven by 401(k) plans, have led to unrealistic financial expectations.
Kiyosaki warned,
“When the stock market bursts, boomers will be the biggest losers.”
Here, he emphasized the need for a significant reevaluation of investments.
Additionally, he urged younger individuals to guide their parents in reassessing their portfolios to protect against potential market declines, emphasizing a shift toward more diversified and risk-conscious approaches
“If I were a child of a boomer, I would nudge my parents to sell their home, stocks, and bonds now, while prices are high, before the crash that is coming … and buy gold, silver, and bitcoin now … before your boomer mom and dad move in with you, or expect you to pay for their rising healthcare or funeral costs.”