Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued a stark warning about an imminent global economic downturn.
Kiyosaki claimed that a worldwide market collapse is already underway, pointing to significant financial troubles in Europe, China, and the United States. He suggested that this could mark the beginning of a deeper “depression” phase.
The renowned author urged individuals to take precautions, emphasizing the importance of securing their finances and holding onto stable employment. He highlighted the potential value of tangible assets during turbulent times, stating, “Crashes are often the best opportunities to build wealth,” and recommended gold, silver, and Bitcoin as key investments to weather the storm.
This warning follows his earlier prediction of what he described as the “largest crash in history.” Kiyosaki previously encouraged proactive financial planning, urging his followers to prepare for the fallout he believes will impact aging populations and traditional markets.
Despite the volatility in the cryptocurrency market, Kiyosaki reaffirmed his faith in Bitcoin, suggesting it could serve as a hedge against traditional market instability. Alongside gold and silver, he noted that Bitcoin may attract increased attention as economic uncertainty grows, positioning it as a potential safe haven during financial upheaval.
Ripple Labs is nearing the end of its legal battle with the U.S. SEC over unregistered securities, but obstacles remain.
Crypto.com’s blockchain Cronos is proposing to reintroduce 70 billion CRO tokens that were previously burned in 2021, a move that would restore the total supply to 100 billion CRO.
A crypto whale has profited nearly $7 million after placing large leveraged bets on Bitcoin and Ether just before President Trump’s announcement about the Crypto Strategic Reserve.
Coinbase CEO Brian Armstrong believes that if the U.S. were to establish a crypto reserve, Bitcoin should be its primary asset, likening it to a modern successor to gold.