Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has once again voiced concerns over rising global instability, attributing the turmoil to “greed, insanity, and fear.”
In an X Post, Kiyosaki says “Toyota, Honda, and Nissan have decided to stop selling cars in US. This will mean massive unemployment and crash of many towns dependent upon Japanese cars.”
He adds, “As pilots say, strap in tight and prepare for a crash. US automakers like Ford, GM, and Stellantis may boom…. If they can gear up fast enough.”
Kiyosaki Highlights Bitcoin’s Importance In Uncertain Times
Kiyosaki, in his post, has further explained that Bitcoin’s importance in the current market downturn.
He says, “Yet, as I warned, currency wars lead to trade wars, lead to shooting wars. Pray we come to our senses before war breaks out. I went twice to the Vietnam war… once as a student, a military academy midshipman and second as a US Marine Corps pilot.”
“War is human insanity at its worse. Regardless, gold, silver, and Bitcoin are still your defense in this global war caused by greed, insanity, and fear”, he adds.
Also Read: Robert Kiyosaki Faces Disappointing Response To Bitcoin Poll On X(Twitter), Details Inside
Kiyosaki Keeps Bitcoin as Suitable asset Time and Again
Kiyosaki’s recent statement is not the first time that he has warned that traditional financial systems are becoming increasingly vulnerable, and individuals should brace for continued economic and geopolitical disruption.
As a protective measure, he has time and again strongly advised turning to hard assets such as gold, silver, and Bitcoin.
According to Kiyosaki, these assets serve as a defense against inflation, currency debasement, and broader financial chaos.
In the past, he emphasized that in times of crisis, tangible stores of value offer security that fiat currencies and centralized systems cannot. His remarks reflect a growing trend of alternative asset advocacy among financial commentators.
His advocacy has helped bridge the gap between conventional finance audiences and the world of digital assets, contributing to growing interest and adoption of Bitcoin as a legitimate financial asset.
Bitcoin Gains Traction as Investors Hedge Against Growing Global Financial Turmoil
Many investors are using Bitcoin as a hedge against conventional market volatility in the face of growing global financial turmoil.
Potential recession risks are indicated by recent economic indicators, such as shifting commodity prices, deteriorating consumer confidence, and lowered growth projections for the US and the eurozone.
Market unrest has also been exacerbated by changes in trade policy, such as the imposition of new tariffs by the United States, and geopolitical concerns.
In this context, people looking for assets less associated with conventional financial systems find Bitcoin’s decentralized structure and restricted quantity appealing.
According to studies, Bitcoin can provide an alternate store of wealth and serve as a hedge during times when economic policy is uncertain.
The use of cryptocurrencies like Bitcoin in investing portfolios is becoming more and more popular as central banks negotiate intricate economic environments.