Robert Kiyosaki predicts global downturn with Bitcoin

Robert Kiyosaki, the author of "Rich Dad Poor Dad," has issued a stark warning about an impending global economic downturn.

He pointed to the declining economies of Europe, China, and the United States, stating that the global collapse has already begun.

“The global collapse has begun. Europe, China, and America are in decline. Is a depression starting?” stated Kiyosaki in a recent social media post.

He emphasised the importance of protecting financial assets and businesses in these uncertain times.

Kiyosaki has long championed gold, silver, and Bitcoin (CRYPTO:BTC) as reliable investments in times of economic crisis.

“Gold and silver have maintained their value for thousands of years. Bitcoin is the gold of the new era,” he argued, suggesting these assets are better alternatives to traditional currencies in the face of economic instability.

Bitcoin, despite its inherent volatility, is viewed by Kiyosaki as a valuable asset during global downturns.

He noted that Bitcoin has the potential to increase in value during economic depressions.

Although Bitcoin has recently fallen by 1.5%, settling at $93,938, Kiyosaki believes this decline offers a “buying opportunity” for investors.

Despite the recent dip, some experts remain optimistic about Bitcoin’s future.

Investor Peter Brandt and institutions like Metaplanet have continued to increase their Bitcoin holdings, seeing long-term value in the digital asset.

“For many, downturns are the best time to become wealthy,” Kiyosaki predicted, stating that Bitcoin could reach new all-time highs.

As the global economy faces mounting uncertainty, experts recommend diversifying investment portfolios.

Gold, silver, and Bitcoin are seen as strong assets that can provide protection against potential economic collapse, and Kiyosaki’s warning urges investors to reassess their strategies in light of this growing risk.

At the time of reporting, the Bitcoin price was $93,928.78.