Renowned Author’s Economic Predictions
Renowned author of the popular book “Rich Dad Poor Dad,” Robert Kiyosaki, has reiterated his prediction of a forthcoming Great Depression-like economic downturn. Kiyosaki suggests that in the face of this looming financial crisis, the only viable investment options for preserving and growing wealth are Bitcoin 
$116,848, gold, silver, and oil. He dismisses the belief that bonds are a safe investment, insisting that this notion is a misconception perpetuated by financial advisors.
Kiyosaki’s Stark Market Crash Warning
Kiyosaki asserted on social media that no investment is entirely secure during a market crash, especially highlighting a significant decline in the commercial real estate sector and Moody’s recent downgrade of the United States’ long-term credit rating. He noted that while Asian investors are increasing their gold purchases, the demand for bonds is dwindling. 
Kiyosaki has long based his investment strategy on gold, silver, oil, livestock, and particularly Bitcoin, believing that these assets will help expand his wealth during the approaching crisis. He posits that investors in bonds and stocks will experience substantial losses and contends that only Bitcoin holders will weather the economic storm unscathed. He has previously expressed these views, repeatedly warning about central bank policies and global debt levels.
Bitcoin’s Entry into Retirement Funds
Recently, Kiyosaki welcomed the executive order signed by former U.S. President Donald Trump, which permits the inclusion of private equity, real estate, and Bitcoin in 401(k) retirement accounts. He views this move as a significant opportunity for investors. However, Eric Balchunas, a Bloomberg ETF analyst, argues that most fund managers are unlikely to pivot towards Bitcoin. According to Balchunas, stocks and bonds remain the primary focus of 401(k) accounts. Moreover, he underscores the necessity for managers to possess adequate knowledge and experience in Bitcoin investments. During this period, Bitcoin experienced nearly a 3% rise to test the $117,000 mark, according to CryptoAppsy data. However, it soon underwent a slight pullback, trading around $116,600.