Robert Kiyosaki Warns: Stock Market Crash Could Fuel Bitcoin Surge

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Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued a warning about a looming stock market crash and its potential impact on investments. In a post on X, Kiyosaki stated that the โ€œindicators of a stock market crash are going off.โ€ Although he did not specifically name these signs, he emphasized that โ€œthe crash will be massive.โ€

In the past, these indicators have often included โ€œgeopolitical tensions, rising interest rates and high debts.โ€ According to Kiyosaki, โ€œmost of these signs are unfolding in the U.S. and globally,โ€ raising the possibility of a significant drop in the value of stocks.

He believes that during such a crash, investors will turn to safehaven assets. โ€œThese preferred assets include gold, silver and Bitcoin,โ€ which, he noted, โ€œhave been known to gain value during market crashesโ€ as investors seek protection from โ€œinflation and market instability.โ€

Warning to Baby Boomers with 401(k) Plans

Kiyosaki expressed concern for investors whose retirement plans are tied entirely to stocks. โ€œBad news for Baby Boomers with 401 k,โ€ he wrote. Many older investors โ€œconsider stocks a safer bet and have most of their wealth in stocks,โ€ but Kiyosaki warns that โ€œif a crash happens, these categories of investors could suffer huge losses as the value of the account drops sharply.โ€

Robert Kiyosaki

Bitcoin Nears New All Time High Amid Uncertainty

As of press time, โ€œBitcoin is trading at $121,352.37, up by 3.02% in the last 24 hours.โ€ The coin is โ€œjust 1.25% away from flipping the all time high of $123,091โ€ it reached less than a month ago.

In earlier trading, โ€œit hit a peak of $122,321.10 before a slight correction.โ€ Market activity has been strong as โ€œinvestors are also active as they anticipate U.S. Fed rate cuts,โ€ a sentiment that has โ€œhelped push volume up by a significant 25.49% at $76.63 billion.

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