Robert Kiyosaki Urges Bitcoin Buying As US Recession Looms

Key Insights

• Robert Kiyosaki warns of a looming US recession following Moody’s credit downgrade.
• “Rich Dad Poor Dad” author predicts higher interest rates and economic slowdown.
• Kiyosaki recommends Bitcoin, gold, and silver as protection against a financial crisis.

Financial author Robert Kiyosaki has issued warnings about an imminent US recession following Moody’s downgrade of US debt. Amid this, the “Rich Dad Poor Dad” writer has reiterated his advice to purchase Bitcoin, gold, and silver as protection against what he believes could become a severe economic downturn comparable to the 1929 Depression.

Robert Kiyosaki Links Moody’s Downgrade to Potential Economic Depression

Robert Kiyosaki has shared his analysis of Moody’s recent downgrade of US debt and warned of serious economic consequences. In a detailed X post, the financial author explained what the recent the downgrade means. He stated:

“Moodys, a credit rating agency, is warning the world the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.”

The Rich Dad Poor Dad author shared a potential chain reaction starting with the credit downgrade and predicted that it will probably mean higher interest rates. He stated that such a situation means a US in recession, which will make the economy, unemployment rise alongside a falling bond market, housing market, and weakening banks.

He drew a comparison to historical economic collapse, adding that these conditions “may mean 1929 Depression.”

Meanwhile, Robert Kiyosaki reminded followers that he had predicted this scenario in his 2013 book “Rich Dad’s Prophecy.” Despite the bleak outlook, he suggested that economic downturns create opportunities.

Robert Kiyosaki Predicts Central Bank Collapse & Student Loan Crisis

In earlier X posts, Robert Kiyosaki has been building a case for what he sees as a systemic failure in the global financial system. On May 18, he referenced his longtime friend Jim Rickards, asking: “who is going to bail out the Central Banks?”

He contextualized this concern by pointing to previous financial rescues: “In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management. In 2008 the Central Banks got together to bail out Wall Street.”

Kiyosaki attributes these recurring crises to a fundamental problem that began “in 1971 when Nixon took the US Dollar off the gold standard.” According to his posts, Rickards believes the next financial crisis will be triggered by the downfall of $1.6 trillion in student loan debt.

The author has maintained consistent advice throughout these warnings. He also reiterated key concepts from his books. His book states that the rich don’t work for money, and savers are losers. His primary recommendation is self-reliance during financial turmoil and advised followers to “bail yourself out” by “saving real gold, silver, and Bitcoin…. No ETFs.”

Robert Kiyosaki stated plainly that the collapse he warned about in Rich Dad’s Prophecy in 2012 has already started.

Bitcoin Positioned as Superior Asset With $250k Price Target

Robert Kiyosaki has specifically highlighted Bitcoin as a key protective asset during the economic downturn he predicts. He has even set a bold price target. On May 17, he stated that he predicts Bitcoin will climb to $250,000 this year.

He also asked to buy more and not sell. This forecast comes amid what he describes as a “Marxist Central Bank system is crashing…. Many going bankrupt.”

The financial author’s bullish stance on Bitcoin extends beyond mere price speculation. In a May 7 tweet, he explained his fundamental reasoning for preferring Bitcoin over other hard assets.

He mentioned that Bitcoin is a better asset than gold or silver. The reason why he trusts Bitcoin is that there are only ever to be 21 million.

Despite owning gold and silver mines as well as oil wells, Robert Kiyosaki points to a key difference between these traditional assets and cryptocurrency. “If the price of gold, silver, or oil goes up, I will simply mine or drill for more, expanding supply. I cannot do that with Bitcoin. 21 million is 21 million.”

This scarcity principle underlies his investment thesis in times of economic uncertainty. In line with consistently recommending a blend of Bitcoin, silver, and gold as protection against economic chaos, his recent documents emphasize Bitcoin’s scarce supply as a distinguishing characteristic.