Kiyosaki Warns of Impending Economic Downturn

Finance author and investor Robert Kiyosaki has reiterated his grim admonition that a severe market downturn is imminent, proclaiming a “huge crash” is progressing and that “millions will be erased.”

In his message on X dated November 1, he encouraged individuals to transfer funds into tangible assets like silver, gold, Bitcoin (BTC), and Ethereum (ETH). He also reiterated a long-held projection that Bitcoin might reach $1 million, referring to silver as the “greatest deal,” stating it could triple in value.

Institutional Inflows And Regulatory Indicators Bolster Bitcoin

According to reports, Bitcoin has been attracting significant interest from large investors. Institutional uptake and more defined regulations have injected new capital into crypto ETFs, resulting in BTC achieving new all-time highs.

In the past 24 hours, Bitcoin’s value shifted 0.70% to $110,780 while trading volume surged by 35% to $29 billion. Market analysts cite advancements in the Lightning Network and increasing ETF inflows as factors enabling Bitcoin to trade more effectively and attract larger stakeholders.

Kiyosaki’s Alerts Have Been Made Repeatedly Over Years

Kiyosaki’s alerts are well-known. He forecast crash incidents in 2011, 2016, 2020, and early 2023, and those earlier predictions did not align with the catastrophic timing he portrayed.

Critics assert that his predictions often come prematurely or exaggerate the impact. Reports have indicated that this trend has diminished his trustworthiness among certain analysts, although many concur that debt levels, inflationary pressures, and tech-induced job transformations are valid concerns.

Image: OneSafe

Reasons Some Investors Are Paying Attention

Investors keen on avoiding a downturn are reallocating parts of their portfolios. Many favor assets they consider safe havens. Gold and Bitcoin are being mentioned as likely repositories for capital should a market unraveling quickens.

Kiyosaki contends that traditional savings and fiat assets are perilous, dubbing them “phony money,” and suggests individuals possess precious metals and select cryptocurrencies to safeguard purchasing power.

Middle Markets Still Indicate Mixed Signals

While institutional inflows into crypto offerings have been documented as record-breaking, other metrics are less definitive. Trading volumes have occasionally decreased even as prices rise, and some analysts caution that swift inflows can be succeeded by unpredictable exits.

According to reports, exchanges and funds are closely observing liquidity and investor conduct. This oversight aims to avert abrupt stress in markets where leverage or sparse order books can amplify fluctuations.

Silver, Gold And Crypto Continue To Be Central To The Discussion

Kiyosaki’s approach focuses on transferring wealth into both physical and digital assets. He strongly bets on silver, anticipates a significant movement into gold, and underscores Bitcoin and Ethereum as cryptocurrency selections.

Whether this rotation occurs broadly will hinge on investor enthusiasm and how central banks react to inflation and debt dynamics in the upcoming months.

Featured image from Unsplash, chart from TradingView

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