In light of President Donald Trump’s sweeping tariffs and the uncertainty surrounding them, many experts are warning that America may be headed for a recession. But according to Rich Dad Poor Dad author Robert Kiyosaki, something far worse is looming.
“In 2025 credit card debt is at all time highs. U.S. debt is at all time highs. Unemployment is rising. 401(k)’s are losing,” he wrote in an X post on April 18. “U.S.A. may be heading for a GREATER DEPRESSION.”
According to the Federal Reserve Bank of New York, Americans now owe a record $1.21 trillion on their credit cards. The U.S. National debt has climbed to $36.22 trillion. Meanwhile, the unemployment rate ticked up to 4.2% in March, and retirees are watching their 401(k)s shrink amid ongoing market volatility.
The Great Depression of the 1930s was the worst economic crisis in modern history — marked by mass unemployment, widespread poverty and a collapse in consumer and business confidence. But by calling the next downturn a “Greater Depression,” Kiyosaki suggests it could be even more devastating.
As he put it, “This coming Great Depression will cause millions to be poor … and a few who take action, may enjoy great wealth and freedom.”
So, what kind of action is he recommending?
“For those who take action today, when the crash crashes, those who invest in just one Bitcoin, or some gold, or silver … You may come through this crisis a very rich person,” Kiyosaki wrote.
That advice should come as no surprise — Kiyosaki has long been a vocal proponent of these alternative assets, which he backed by making a bold prediction.
“I strongly believe, by 2035, that one Bitcoin will be over $1 million. Gold will be $30K and silver $3,000 a coin,” he wrote.
Let’s take a closer look at the assets he’s championing.
Kiyosaki’s endorsement of gold and silver is nothing new — he’s been advocating for precious metals for decades.
Back in October 2023, he wrote on X: “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop, gold $3,700.”
Gold prices surged in 2024 and have continued to climb through 2025, now trading around $3,300 per ounce.
Read more: This hedge fund legend warns US stock market will crash a stunning 80% — claims ‘Armageddon’ is coming. Don’t believe him? He earned 4,144% during COVID. Here’s 3 ways to protect yourself
Gold has long been viewed as a safe haven. It’s not tied to any one country, currency or economy. It can’t be printed out of thin air like fiat money, and in times of economic turmoil or geopolitical uncertainty, investors tend to pile in — driving up its value.
Ray Dalio, founder Bridgewater Associates — the world’s largest hedge fund — told CNBC in February: “People don’t have, typically, an adequate amount of gold in their portfolio,” adding that, “when bad times come, gold is a very effective diversifier.”
There are plenty of ways to gain exposure to precious metals today. Investors can buy bullion — many online platforms offer a wide selection of gold and silver bars and coins at fair prices — own shares of mining companies, invest in precious metal ETFs and even tap into potential tax advantages through a gold IRA.
Bitcoin has been one of the top-performing assets of the past decade — and Kiyosaki believes it still has room to run.
On Nov. 29, he predicted on X: “Bitcoin will soon break $100,000.” On Dec. 4, the cryptocurrency surpassed that milestone, grabbing headlines worldwide.
Although Bitcoin has since dipped below $100,000, Kiyosaki’s long-term forecast remains ambitious: $1 million per coin by 2035.
He’s not alone in that view. Twitter co-founder Jack Dorsey said in an interview with Pirate Wires published in May 2024 that Bitcoin could hit “at least” $1 million by 2030 — and possibly go even higher. Ark Invest CEO Cathie Wood recently echoed that sentiment, stating that in a bull case, Bitcoin could reach $1.5 million by the end of the decade.
For those looking to hop on the crypto bandwagon, there are many options to buy Bitcoin, including online exchanges, brokers and even ATMs. Be warned, they can charge high commission fees, so look for ones that charge low or even zero commissions, and always make sure you’re using a reputable platform.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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