Author Robert Kiyosaki has raised concerns regarding the potential breakdown of the global financial system, promoting Bitcoin BTC/USD as a potential safeguard against the looming crisis.
What Occurred: Kiyosaki, widely recognized for his finance book “Rich Dad Poor Dad,” has expressed his worries about the reliability of the international financial system on X.
His apprehension isn’t merely focused on Bitcoin, contrary to what some detractors may argue, but rather on the US Dollar and the United States Banking System, starting with the Federal Reserve. He has used the term “banksters,” borrowed from podcaster Gerald Celente, to characterize those managing American banks.
“I foresee a collapse of our financial system. Please protect yourself from the banksters. Invest in real gold, silver, and Bitcoin,” he declared on X.
Kiyosaki pointed to the 2023 banking crisis as evidence of this “scam,” during which the U.S. government and the Federal Reserve intervened to rescue struggling banks by generating billions of dollars. He claims that those at fault should face legal consequences.
Also Read: Robert Kiyosaki Predicts Wall Street Crash and Layoffs: ‘Prepare for Market Crash, Depression and War’
The finance expert cautioned that the Federal Reserve’s “criminal enterprise” is not sustainable in the long term and predicts an imminent collapse of both the U.S. and global financial systems. In light of this prospect, Kiyosaki advocates for investing in Bitcoin, physical gold, and silver as stable assets.
Despite his support for Bitcoin, Kiyosaki warned against investing in Bitcoin ETFs, labeling them as “bankster’s money” and emphasizing the importance of actually owning Bitcoin. At the time of this writing, Bitcoin is valued at $84,972.
Why It Matters: Kiyosaki’s alarm comes during a period when global economies are still contending with the financial aftermath. His support for Bitcoin and other safe-haven assets signals an increasing recognition of cryptocurrencies as valid and potentially stable investment options.
Nevertheless, his skepticism towards Bitcoin ETFs emphasizes the ongoing discussions regarding the validity and security of such financial instruments. As the world prepares for possible financial hardships, Kiyosaki’s guidance provides a viewpoint on alternative investment strategies.
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