Crypto Update: Robert Kiyosaki Supports Bitcoin and Ethereum in Light of Global Crisis Concerns

Robert Kiyosaki advises buying Bitcoin and Ethereum as protection amid rising global crisis and financial market fears

 

Robert Kiyosaki, the well-known author of *Rich Dad Poor Dad*, has once again taken to social media to advocate for the purchase of Bitcoin and Ethereum as reliable assets during uncertain economic times. In a recent post on X, Kiyosaki urged investors to include these two cryptocurrencies, alongside traditional assets like gold and silver, in their investment portfolios to safeguard their wealth amid escalating global instability.

Kiyosaki Warns of Economic Collapse

Kiyosaki has sounded alarms about a potential financial collapse, stating that the world is facing a downturn akin to “the biggest crash in history.” He expressed concerns that this crisis could have far-reaching effects, not just in the U.S. but also in Europe and Asia. The economic turmoil, he argues, is being exacerbated by rising inflation and job losses associated with advancements in artificial intelligence.

Kiyosaki believes this economic downturn will lead to increased poverty levels. He has emphatically recommended investors consider alternative assets like Bitcoin and Ethereum as “tools for wealth preservation.” He insisted that while many might find themselves in a losing position, those who prepare early could see significant benefits.

He further pointed out the ending of Japan’s carry trade as a potential indicator that financial bubbles are on the verge of bursting. His advice to investors is clear: act swiftly, as the markets become increasingly unpredictable.

Bitcoin and Ethereum as Safe Havens

Kiyosaki remains an unwavering believer in the long-term value of Bitcoin and Ethereum. Despite recent price drops—Bitcoin sliding to around $81,000 and Ethereum dipping below $3,000—he insists these assets are vital during financial downturns.

Interestingly, Kiyosaki recently sold $2.25 million worth of Bitcoin to fund new business ventures; however, he reiterated his confidence in the cryptocurrency and stated his intention to reinvest earnings from these businesses back into Bitcoin. He believes Ethereum holds equivalent value, particularly during unstable market conditions.

He also commented on the current market dynamics, noting that while traditional assets like gold, silver, and stocks are experiencing gains, Bitcoin’s performance seems sluggish. This discrepancy could signal a bear market phase for cryptocurrencies, according to his analysis.

Related Reading: Robert Kiyosaki Says Bitcoin and Ethereum Are Real Money Over Fiat

Warning of a Global Crash and Job Losses

In his recent observations, Kiyosaki emphasized the severity of the economic collapse he foresees. He predicts that this downturn will have a worldwide impact, threatening not just financial markets but also real estate sectors in both commercial and residential spaces.

He has pointed to artificial intelligence as a significant factor that could exacerbate job losses, thereby accelerating the economic decline. According to Kiyosaki, this situation is likely to reduce income for many people, which will, in turn, create further stress on both housing and financial markets. His insistence on moving investments into Bitcoin and Ethereum reflects his belief that these assets can serve as a form of financial security during tumultuous times.

As he continues to voice his concerns, the crypto market is currently facing its challenges, particularly with Bitcoin trading below $81,000 and Ethereum dropping below $3,000. Despite the overall downturn in the crypto space, Kiyosaki maintains that these digital assets are crucial for those looking to weather the economic storm.

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