The number of famous Wall Street analysts and economic experts who warned about the recession has risen dramatically in recent weeks. Much of this concern stems from the weakening of consumer sentiment and a delaying economy. The American GDP fell 0.3% in the quarter of March year after year, which marked the first quarterly desk since 2022.
Robert Kiyosaki, investor and author of the best -selling book 'Rich Dad Poor Dad', said last month that the US might be on its way to a 'larger depression' while the economy continues to deteriorate. Kiyosaki wrote on X that he had predicted this “chaos” and he is “sad” that the financial crisis he predicted is “here”.
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“In 2025 the credit card debt is too all time,” said Kiyosaki. “The US's fault is too all time. Unemployment is rising. 401 Ks are losing. Pensions are stolen.”
Kiyosaki, however, pointed to a silver lining and told his followers that there is a chance to get out of the crisis as a “very rich” person.
Kiyosaki urged his followers to stack in Bitcoin, gold and silver if they want to get rich despite the incoming 'financial disaster'.
“For those who take action today, when the crash crashes, those who invest in just one bitcoin, or some gold or silver,” he said. “Because of this crisis you can come a very rich person. It is not too late if you take action. But if you wait, it can be too late after the gigantic crash.”
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Kiyosaki said he repeated his call to invest in precious metals and Bitcoin, even as some people criticized on X for repeating the same advice.
The author, who has long questioned the conviction that debts should be avoided, warned that those who are delaying or scared would be the 'biggest losers'.
“If a poor person bought a few ounce of gold or silver, or 1/2 from a Bitcoin, I predict that they can become the new rich … As soon as this depression is over,” said Kiyosaki. “I am strongly convinced that by 2035 one Bitcoin will be more than $ 1 million dollars. Gold will be $ 30k and silver $ 3,000 per coin.”
