Robert Kiyosaki, the bestselling author of "Rich Dad Poor Dad," has reiterated his prediction of an upcoming economic recession similar to the Great Depression. Kiyosaki believes that in the face of this looming financial crisis, the only viable investment options to preserve and grow wealth are Bitcoin, gold, silver, and oil. He dismisses the notion that bonds are a safe investment, asserting that this belief is a misconception propagated by financial advisors.

Robert Kiyosaki's Stark Market Collapse Warning

Kiyosaki asserts on social media that no investment is entirely safe during a market collapse, especially as the commercial real estate sector significantly declines and Moody's recently downgraded the long-term credit rating of the United States. He notes that while Asian investors are ramping up their gold purchases, demand for bonds is gradually decreasing.

Kiyosaki has long placed his investment strategy in gold, silver, oil, cattle, and especially Bitcoin, believing that these assets will help grow his wealth in the upcoming crisis. He argues that investors in bonds and stocks will incur significant losses and asserts that only those holding Bitcoin will be able to weather the economic storm unscathed. He has previously expressed this view, warning multiple times about central bank policies and global debt levels.

The Entry of Bitcoin into Retirement Funds

Recently, Kiyosaki welcomed the executive order signed by former U.S. President Donald Trump, allowing private equity, real estate, and Bitcoin to be included in 401(k) retirement accounts. He sees this move as a significant opportunity for investors.

However, Eric Balchunas, an ETF analyst at Bloomberg, argues that most fund managers are unlikely to pivot to Bitcoin. According to Balchunas, stocks and bonds remain the primary focus of 401(k) accounts. Furthermore, he emphasizes the necessity for managers to have sufficient knowledge and experience in Bitcoin investing.

During this period, Bitcoin has risen nearly 3% to test the $117,000 mark, according to data from CryptoAppsy. However, the price soon dipped slightly, trading around $116,600.