Renowned financial author Robert Kiyosaki has issued a stark warning about an impending economic downturn, describing it as a “bad hand” that will impact millions.
In a post on X on July 10, Kiyosaki identified key indicators for wealth preservation amid the projected downturn.
He highlighted Bitcoin's rising price as evidence of significant movements in financial markets, suggesting that institutional investors are increasingly turning to cryptocurrency as a hedge against traditional market volatility.
Kiyosaki recommends proactive measures
Kiyosaki urged individuals to take proactive steps to protect their assets, advocating for investments in Bitcoin, gold, and silver.
He emphasized the importance of diversification and holding assets that are less susceptible to inflation and economic downturns.
Gold and silver, traditionally seen as reliable stores of value, have historically performed well during periods of financial instability.
Despite its volatility, Bitcoin is being increasingly viewed as digital gold, offering a decentralized alternative to traditional financial systems.
Kiyosaki warning
Kiyosaki’s warning comes amid rising concerns about global economic conditions, including increasing inflation rates, geopolitical tensions, and the potential for market corrections.
Kiyosaki has consistently warned investors about the possibility of one of the largest crashes in history.
He has maintained that precious metals and Bitcoin are essential for safeguarding wealth, predicting that Bitcoin could reach a valuation of $1 million per coin in the next rally.