Renowned author and investor Robert Kiyosaki took X (Twitter) to voice his concerns over the global bond market crash. Kiyosaki, known for his staunch support of Bitcoin and other physical assets, stated that the bond market is facing a significant downturn.
He emphasised that the global economy is built on debt, and bonds represent that debt. Kiyosaki warned that the collapse of this market could signal deeper economic troubles.
“While market crashes are visible,” he added, “banking crashes are hidden and much more dangerous.” He stressed his belief in gold, silver, and Bitcoin as stable alternatives in these uncertain times.
Fear of Recession over U.S Economy
Kiyosaki’s remarks have raised concerns as the US economy faces a potential recession. His cautions are in line with those of several financial professionals who have been raising red flags about a potential recession for more than a year.
The thing that distinguishes Kiyosaki, is his claim that although market disasters are visible to the general public, banking crashes are “hidden” and represent a significantly bigger risk. He claims that because these bank failures are frequently hidden, the economy and people’s financial stability are even more at risk.
According to Kiyosaki, the bond market meltdown is the main reason he has opted to invest in tangible assets like gold, silver, and Bitcoin. Against what he terms “fake money,” or conventional fiat currencies, he refers to gold and silver as “real money.”
He has the same views as other supporters of Bitcoin, who regard it as a contemporary kind of gold. With Bitcoin’s value rising to an astounding $73,000 at its peak during the previous ten years, this theory has garnered a lot of traction.
Bitcoin & Gold to Protect Individuals from Dieing Economy
He sent out a second message on X after making his initial remarks, cautioning that the “bad hand” of the economic crisis had already been dealt with. He warned, “Millions will lose.” “Please refrain from joining the losers.” He exhorted his followers to buy Bitcoin, gold, and silver to transform their “bad hands” into “great ones.”
Because he thinks that tangible assets, like Bitcoin, are safe havens during economic downturns, Kiyosaki has faith in them. Particularly Bitcoin has drawn interest as a possible hedge against market volatility and inflation.
Bitcoin proponents contend that the cryptocurrency’s decentralised structure and limited supply make it a desirable choice for long-term asset storage.
Even though Bitcoin is still a relatively new asset compared to established assets like gold, it has already demonstrated its potential, peaking at a market valuation of $1.12 trillion.
When Kiyosaki made his remarks, the price of Bitcoin had increased by 3.41% from the previous day to stand at $56,609.86, at the time of writing.
Kiyosaki’s advice is simple. And that is to make investments in tangible assets that have consistently appreciated. Similar to how gold and silver have always been regarded as trustworthy wealth deposits, Bitcoin is rapidly earning a similar standing.