Kiyosaki warns Bitcoin at $300 could be opportunity

Robert Kiyosaki has issued a warning about growing financial instability, linking current global fears to predictions he made two decades ago.

“Fear of unemployment spreads like a virus across the world. Obviously, this fear is not good for the global economy,” Kiyosaki wrote in a post shared on April 30 via social media platform X.

He referenced his 2004 book Rich Dad’s Prophecy, which warned of a major market crash and possible recession.

“As warned in an earlier book, Rich Dad’s Prophecy, the biggest market crash, a crash that is leading to the recession we are in, and possible New Great Depression, may be upon our world today,” according to him.

While he stated he hopes to be proven wrong, he added that economic downturns could also create openings.

“If I was prescient, and the global economy crashes, just remember crashes—for those who are prepared, not panicked—can be the opportunity of a life time,” Kiyosaki said.

“The 2008 GFC was that lifetime opportunity for me and many of my friends. Always remember, market crashes mean ‘real assets go on sale,’” he noted, citing the 2008 global financial crisis as an example.

“If, for example, Bitcoin were to crash back to $300 a coin, would you cry or celebrate?” he then posed a question.

Kiyosaki ended by restating the reason behind his earlier warnings.

“I wanted you to be prepared for the global panic… that is beginning… now.”

Known for his critiques of central bank policies and fiat currencies, Kiyosaki has previously advocated for holding tangible assets such as gold, silver, and Bitcoin (CRYPTO:BTC).

He views Bitcoin as a hedge in what he considers a manipulated financial system.

At the time of reporting, the Bitcoin price was $94,779.56.