Kiyosaki Warns of ‘Biggest Crash’ and Backs Bitcoin

Robert Kiyosaki, author of Rich Dad Poor Dad, wrote in recent public statements and social media posts that the “biggest crash in history” has begun. He warned current economic policies could trigger a severe market downturn and advised investors to prepare.

Kiyosaki linked his forecast to high government debt, a long period of low interest rates followed by rapid rate increases, and large central-bank balance sheets. He argued those factors have distorted asset prices and could cause a sudden loss of confidence in financial markets.

The author urged holding assets he regards as durable stores of value, naming Bitcoin alongside gold and silver. He argued cryptocurrency can be an alternative to government-issued money that may lose purchasing power through inflation and currency debasement. Kiyosaki has previously emphasized Bitcoin’s capped supply when describing it as an inflation hedge.

He recommended reducing exposure to what he called risky paper assets and increasing holdings in tangible assets and certain cryptocurrencies. He also warned that banks and traditional retirement accounts could be exposed if severe market disruption occurs.

Financial analysts and economists described the forecast as bearish, noting it reflects long-standing concerns about fiscal policy and monetary accommodation. Critics pointed out that past predictions of systemic collapse did not materialize and highlighted central banks’ tools to limit shocks. They also emphasized Bitcoin’s price volatility and regulatory risks.

Bitcoin, created in 2009, is a decentralized digital asset with a capped supply. It has experienced large price swings and attracted regulatory attention. Central banks and governments use interest-rate policy, fiscal measures and emergency facilities to respond to financial stress. Kiyosaki’s statements add to debate over how individuals should position assets in the face of rising government debt, inflation pressure and shifting monetary policy.