Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a stark warning about the current global economic situation through his social media platform X earlier today.
His message emphasizes that a “global economic collapse has begun,” pointing specifically to recessionary conditions in Europe and the United States.
Kiyosaki’s warning comes with particular concern about the possibility of an impending Great Depression, suggesting that current economic indicators are showing serious signs of deterioration across major global economies, including Europe, China, and the USA.
Investment Strategy and Educational Critique
In his post on X, Kiyosaki emphasizes the importance of financial literacy and preservation during these challenging times. He specifically advises people to “be smarter with your money” and maintain both employment and savings.
A significant portion of his criticism is directed at the educational system and leadership, highlighting a fundamental gap in financial education.
He pointedly asks, “What did school teach you about money?” – a rhetorical question underlining his long-standing critique of traditional education’s failure to provide practical financial knowledge.
Alternative Assets and Wealth Preservation
Kiyosaki maintains a consistently positive outlook on specific alternative assets, particularly gold, silver, and Bitcoin.
His message emphasizes that these assets will “hold their value” regardless of economic conditions. This stance reflects his long-held belief in tangible assets and cryptocurrency as hedges against economic instability.
Notably, Kiyosaki views economic downturns as potential opportunities, stating that “crashes are the best times to get rich,” and expressing his personal intention to increase his wealth during this period while encouraging others to do the same.
Also Read: Robert Kiyosaki: MicroStrategy’s Bitcoin Investment Genius While Critics Have “No Balls”
Track Record and Bitcoin Price Predictions
Kiyosaki’s recent statements align with his history of bullish cryptocurrency predictions. His previous comments include support for an AI-generated forecast suggesting Bitcoin could reach $500,000 by 2025.
He has consistently maintained that individuals holding hard assets, including Bitcoin, will benefit as traditional fiat currencies depreciate in value.
The position was reinforced in his recent predictions about wealth accumulation, where he specifically stated that “people who saved gold, silver & Bitcoin will get richer.”
His commentary around Bitcoin’s potential $100,000 price target further demonstrates his continued confidence in cryptocurrency as a viable investment vehicle, despite market volatility and broader economic concerns.
His statements reflect a broader investment philosophy that emphasizes wealth preservation through alternative assets during periods of economic uncertainty.