Bitcoin (BTC) proponent and author of “Rich Dad Poor Dad,” Robert Kiyosaki, has warned global investors that a market crash may be closer than expected. In a recent post on X, Kiyosaki stated that the end of Japan’s long-standing carry trade could lead to a rapid decline in liquidity, causing deflation in global markets that are already inflated.
He believes this shift could create a shockwave affecting stocks, bonds, real estate, and other traditional investments.
As such, Kiyosaki suggested that Bitcoin could help investors during this tough time. However, he pointed out that only those who quickly adjust their portfolios will be able to avert the negative effects of a global downturn.
Meanwhile, his warning has raised concern among some investors. Despite that, Kiyosaki stressed this is not a dead end; instead, it is a chance for smart financial decisions.
In his warning, Kiyosaki highlighted that Bitcoin, Ethereum (ETH), gold, and silver are reliable assets to hold during economic instability. He believes these assets can protect investors’ wealth and even grow it, even when traditional markets are struggling. Hence, he encourages investors to buy Bitcoin and Ethereum.
Some critics say that Kiyosaki’s predictions are often exaggerated. Yet, he still influences how investors feel about the market.
In July, Robert welcomed the idea of a Bitcoin price drop. He believes that a crash would be a perfect moment to increase his Bitcoin holdings, turning fear into opportunity. His comment came as he reacted to an ongoing noise surrounding a potential Bitcoin crash.
No doubt, his support for Bitcoin is closely linked to his concerns about traditional paper money, especially the U.S. dollar. Over the years, he has often said that the dollar is losing value. Robert believes this is because central banks continue to print more money during economic crises.
This leads to higher inflation, which makes everyday goods more expensive and savings less valuable. As a result, Kiyosaki views Bitcoin as a more effective way to protect one’s money. Since Bitcoin has a fixed supply, it can maintain its value more effectively over time.
Kiyosaki criticized those spreading fear, claiming that they aim to scare off short-term investors. For him, falling prices are not a problem but an invitation to buy more. Notably, the Bitcoin advocate’s approach is not new. He has long seen Bitcoin as a haven against inflation and the weakening of traditional currencies.
While others worry about temporary dips, he remains focused on the coin’s long-term value. At the time of writing, Bitcoin is trading at $90,709.62, down 2% in the last 24 hours according to CoinMarketCap data.
Robert hopes the crypto prices drop so he can add more of it to his portfolio. He has previously shared his belief that Bitcoin could skyrocket to $1 million within the next ten years. For Kiyosaki, the market volatility or fear of a downturn does not affect his future expectations.
