Global markets are witnessing renewed turbulence as Rich Dad Poor Dad author Robert Kiyosaki warns of a “massive crash” already underway — one he believes could “wipe out millions.”
In a post shared on X (formerly Twitter), Kiyosaki urged investors to safeguard their assets through precious metals and digital currencies.
“Silver, gold, Bitcoin, and Ethereum investors will protect you. Take care,” he wrote.
The cautionary note has triggered heated debate among market watchers. Many echoed Kiyosaki’s warning, drawing parallels to previous downturns.
One user responded, “Rate cuts have already started — just like in 2000, 2007, and 2020 — right before -49%, -56%, and -35% drawdowns. This isn’t fearmongering; it’s history repeating.”
Another wrote, “With $35 trillion in U.S. debt and continuous money printing, this bubble’s about to burst. I’ve been stacking silver and Bitcoin since 2020 — it’s protection from the fiat trap.”
However, not all agreed. Critics noted that Kiyosaki has made similar predictions for years. “Markets don’t just crash — they rotate,” one commenter argued. “Gold and silver are fine, but Bitcoin isn’t protection — it’s evolution.”
Market Impact
The warning comes as gold and silver prices continue to weaken. On the Multi Commodity Exchange (MCX), December gold futures fell by ₹2,219 or 1.8% last week, reaching an intra-day low of ₹1,17,628 per 10 grams on October 28.
Analysts attribute the decline to a stronger U.S. dollar, improved global risk appetite, and the Federal Reserve’s cautious stance on rate cuts.
Meanwhile, Bitcoin has lost nearly 5% in October, slipping from its all-time high of $126,000 to around $104,782, reflecting growing investor caution. Ethereum too saw a mild correction in line with broader crypto weakness.
Analysts’ Take
Experts suggest that while short-term volatility may persist, structural fundamentals for gold and crypto remain strong in the long run.
“Periods like these test conviction,” said one commodities strategist. “But unlike 2008, institutional exposure to digital assets has changed how markets behave.”
Still, with rising geopolitical risks, slowing growth, and heavy debt loads, investors remain divided on whether this is a temporary correction or the beginning of a deeper global downturn.
Originally published on newsworldstime.com.
Originally published on 24×7-news.com.
