Financial author Robert Kiyosaki has issued a stark warning that the current economic environment, fueled by government money printing and a staggering national debt, sets the stage for a potential market crash eclipsing the magnitude of the 1929 collapse.
Kiyosaki highlighted recent Bitcoin price volatility, specifically its drop below the $119,000 level, as a significant indicator influencing market sentiment and reinforcing its nature as a volatile, yet potential, store of value during instability.
He attributes the heightened risk of severe financial turbulence impacting both traditional and cryptocurrency assets to America’s unprecedented and escalating debt burden.
In response to these gathering economic dangers, Kiyosaki strongly urges investors to seek protection by allocating to gold, silver, and Bitcoin. He positions these assets as essential safe-haven holdings capable of safeguarding portfolios against looming downturns.
His call to action underscores the necessity, in his view, for investors to move beyond conventional assets and embrace alternatives like these precious metals and the leading cryptocurrency to hedge against systemic risk.