Robert Kiyosaki Warns: The Great Depression of 1929 Could Recur, Hold Bitcoin and Gold

Robert Kiyosaki, the author of the book Rich Dad Poor Dad, has warned that the United States may be heading towards a major economic crisis, similar to what happened in 1929. In a recent post on X (formerly known as Twitter), he advised everyone to reconsider their over-reliance on traditional retirement plans like 401(k) and IRAs, especially those plans that are heavy on stocks. In his post, Kiyosaki questioned whether investors are heavily investing in stocks through 401(k) or IRA funds. He pointed out that renowned investors like Warren Buffett and Jim Rogers have sold most, if not all, of their stocks and bonds, opting instead to hold cash or silver. He suggested that those who do not understand their reasons should look into it. Kiyosaki reaffirmed his investment stance: "I remain loyal to gold, silver, and Bitcoin. Good luck."

He added, "We may be on the brink of a financial crisis like that of 1929 and another Great Depression. The U.S. public debt is spiraling out of control. The U.S. is the largest debtor nation in history. You can only print money to pay bills... for a certain period of time. Be careful and do your own research." Kiyosaki's comments come in the context of increasing economic instability and a significant rise in Bitcoin prices. Bitcoin (BTC), currently ranked as the largest cryptocurrency in the world by market capitalization, has increased by 0.6% in the past 24 hours, reaching a level of $118,864.93 as of Monday afternoon. This price surge has pushed the market capitalization of this currency to $2.36 trillion, while the 24-hour trading volume soared by 30.54% to $60.23 billion. Although Kiyosaki has long supported alternative assets, his current comments reflect broader concerns about global debt levels, inflation, and a decline in trust in the fiat monetary system.