Financial author and investor Robert Kiyosaki has predicted an acceleration of a financial crash, citing panic in private credit funds and withdrawals by investors. In a social media post, he advised his followers to consider buying key assets, including Bitcoin and Ethereum, to avoid becoming “poorer.” This follows a pattern of crypto advocacy from Kiyosaki, though his purchasing history of Bitcoin has been inconsistent in his public statements.
Investor and author Robert Kiyosaki has asserted that a financial “crash accelerates” in his latest statement on social media. He pointed to panicked private credit funds and investor withdrawals as evidence.
Kiyosaki noted that major banks and financial institutions are reportedly in trouble. He also referenced analyst Jim Rickards formally declaring the United States is in a “New Depression.”
The author asked his followers what they plan to do during this period of distress. He outlined his own strategy to “get richer” instead of becoming a “victim who gets poorer.”
Kiyosaki stated he will continue buying oil, silver, gold, Bitcoin, and Ethereum. “Smart money is getting richer and stupid money is running like the proverbial chicken with its head chopped off,” he concluded.
His recent history with cryptocurrency has been marked by controversy and shifting statements. While now a vocal proponent of Bitcoin and Ethereum, he previously bashed the crypto industry for years.
In one post, Kiyosaki claimed he had not purchased any Bitcoin above $6,000. However, he has indicated on other occasions that he was buying more Bitcoin while it traded for much higher prices.
He has also asserted that he believes Bitcoin is a superior investment tool compared to gold. Kiyosaki’s current warnings and asset recommendations continue his pattern of forecasting major economic downturns.
