Robert Kiyosaki Emphasizes Importance of Bitcoin, Calls Current Monetary System a Ponzi Scheme
Robert Kiyosaki warns that the ongoing market crisis will cause severe financial losses to millions of people and urges investors to turn to bitcoin to protect their assets.
Robert Kiyosaki Emphasizes Importance of Bitcoin, Calls Current Monetary System a Ponzi Scheme
Kiyosaki Warns of Market Crash and Encourages Investing in Real Assets
Robert Kiyosaki, the renowned author of the book "Rich Dad Poor Dad", continues to warn of the inevitable collapse of the financial markets and encourages people to protect their assets by investing in bitcoin, gold and silver. According to Kiyosaki, the current financial system is unfair and rigged, with average investors suffering heavy losses during economic crises. He argues that traditional assets like pension funds and government-backed assets are no longer reliable, especially during this period of market uncertainty.
On March 8, Kiyosaki took to social media X, reiterating his warning from his 2014 book "Rich Dad's Prophecy." He said the market crash he predicted has arrived:
"Unfortunately, that crash has arrived... and it could wipe out the financial futures of millions of baby boomers around the world."
Baby Boomers Most Vulnerable
Kiyosaki specifically warned about the risks facing baby boomers in the United States, due to their heavy reliance on Defined Contribution (DC) retirement plans like 401(k)s and IRAs. Unlike Defined Benefit (DB) pension plans, which guarantee a fixed income to retirees regardless of market conditions, DC plans only provide based on contributions, which can be wiped out during economic downturns. He stressed that this weak structure leaves millions of people financially vulnerable.
Kiyosaki suggests investing in real assets to protect wealth
To protect personal wealth, Kiyosaki advises people to stay away from paper financial assets and invest in real assets. He said:
"How does an individual defeat this corrupt and fraudulent currency Ponzi scheme? Start by investing and owning real gold, silver, and bitcoin."
He also warned against exchange-traded funds (ETFs), saying: "Do what's best for you... but I personally would never buy a gold, silver, or bitcoin ETF." He further clarified: "I think the fake ETF is like the US dollar and US government bonds. But that's just my opinion. I believe in real value more."
Kiyosaki Increases Investment in Bitcoin
Kiyosaki has recently been vocal about increasing his bitcoin investments, especially after President Donald Trump issued an executive order regarding the creation of a strategic bitcoin reserve. He predicted that other world leaders will adopt similar policies and expects the Trump administration to buy BTC to stabilize the US economy. According to Kiyosaki, the US is in financial trouble, the US dollar is losing value, and bitcoin is a safer alternative.