Robert Kiyosaki, the author of ‘Rich Dad Poor Dad,’ has warned that the U.S. could be heading toward a major economic crash, similar to what happened in 1929.
In a recent post on X, he advised people to rethink relying too much on traditional retirement plans like 401(k)s and IRAs, especially those packed with stocks.
In his post, Kiyosaki questioned whether investors have 401(k)s or IRAs heavily invested in stocks. He pointed out that renowned investors Warren Buffett and Jim Rogers have sold most, if not all, of their stocks and bonds, choosing instead to hold cash or silver. He suggested that those unaware of their reasoning should consider finding out why.
Kiyosaki reiterated his own investment stance, stating, “I sit tight with gold, silver, & Bitcoin. Good luck.”
He added, “We may be on the brink of another 1929 crash and another Great Depression. America’s debt is out of control. America is the world’s biggest debtor nation in history. You can only print money to pay your bills… for so long. Please take care and do your own research.”
Kiyosaki’s comments come amid growing economic uncertainty and a notable uptick in Bitcoin’s price.
Bitcoin (BTC), currently ranked the world’s largest cryptocurrency by market capitalization, rose 0.6% in the past 24 hours to trade at $118,864.93 as of Monday afternoon. The rally pushed its market cap to $2.36 trillion, while 24-hour trading volume surged 30.54% to $60.23 billion.
While Kiyosaki has long advocated alternative assets, his comments now echo broader concerns about global debt levels, inflation, and declining confidence in fiat systems.
Also Read: Bitcoin Touches $120K, Ethereum Eyes $4K After US-EU Tariff Deal
