Bitcoin Emerge As Safe Haven Amid US Market Crash & Recession Woes: Robert Kiyosaki

Rich Dad Poor Dad author Robert Kiyosaki has once again fueled crypto market discussions with his recent social media comment. In a recent X post, the author has labeled Bitcoin, gold, and silver, as a potential solution amid soaring concerns over a potential market crash. Besides, he also warned about an incoming recession, which might further weigh on the broader market sentiment.

Robert Kiyosaki Labels Bitcoin As a Safe Haven

In a recent X post, Robert Kiyosaki reiterated his prediction from his book Rich Dad’s Prophecy. He stated that the biggest stock “market crash in history” has already begun. The Rich Dad Poor Dad author emphasized that Baby Boomers, in particular, may not have time left to recover from traditional investments.

In addition, he noted that the financial future of millions, especially those nearing retirement, is under threat. Traditional assets like stocks, bonds, mutual funds, and ETFs, he warned, may no longer be viable. The Rich Dad Poor Dad author advised the traders to shift focus toward what he calls “real money.”

According to him, investors should avoid relying solely on Wall Street. He recommends assets like physical gold, silver, and Bitcoin as a hedge against inflation and the ongoing dollar debasement. These assets, he believes, could rise as the value of fiat currency declines due to aggressive money printing by the Federal Reserve.

On the other hand, Robert Kiyosaki emphasized that the prices of these assets do not necessarily rise on their own. Instead, it’s the purchasing power of the dollar that’s dropping, making everything from food to energy more expensive. “You may want to save real money which are gold, silver, and Bitcoin,” he suggested.

Robert Kiyosaki Predicts Recession Ahead

Apart from calling Bitcoin, gold, and silver a safer haven, he also addressed the current market situation. He noted that the US has not just slipped into a recession but may already be entering a depression.

He said that the current downturn could expose millions of investors to significant losses if they continue relying on fiat-based paper assets. His message was particularly directed at older generations who are running out of runways to recover losses. Instead of traditional long-term strategies, he suggests immediate action through alternative assets like Bitcoin, gold, or silver accumulation.

Silver Likely To Outpace Bitcoin & Gold

Robert Kiyosaki has repeatedly voiced his concern against fiat currency. He claims central banks and the government steal wealth through inflation, driven by excessive money printing. As fiat currencies lose value, Kiyosaki predicts a strong rise in real assets like Bitcoin, gold, and silver.

However, while bullish on Bitcoin, Kiyosaki recently said silver might outperform both Bitcoin and gold. He cited silver’s industrial demand and limited supply as key drivers for future price growth.

Meanwhile, BTC price today was down around 1% and exchanged hands at $83,801, while its one-day volume rose 8% to $39 billion. Notably, the recent dip in the financial market comes after the recent US Job data showed that the labor market is resilient and remained strong despite the higher rates.