Finance Author Warns Of Great Depression Style Crash, Is Bitcoin The Answer?

Renowned financial educator and author of Rich Dad Poor Dad, Robert Kiyosaki, has issued a strong warning about the state of the US economy. He believes America is dangerously close to repeating the economic devastation of the 1929 crash, raising concerns for anyone whose retirement funds are heavily invested in stocks or bonds. 

Great Depression Incoming: Echoes Of 1929

In his recent post on the social media platform X, Robert Kiyosaki called attention to what he sees as unsustainable US fiscal policies, warning that America is now “the world’s biggest debtor nation in history.” Drawing parallels to the events that led to the Great Depression nearly a century ago, Kiyosaki noted that America’s printing of money to service its debt has its limits and that those limits are rapidly approaching. 

He cautioned investors to observe the actions of major financial figures like Warren Buffett and Jim Rogers, both of whom have significantly reduced their exposure to stocks and bonds. Instead, these veteran investors are reportedly now holding mostly cash and silver, seeking safety in these assets rather than stocks and bonds. “If you do not know why Buffett and Rogers have sold their stocks and bonds you may want to find out,” he warned.

Bitcoin As The Hedge: A Lifeline In A Failing System

Amidst these concerns which he noted, Kiyosaki also revealed his own strategy that might get him through another market-wide crash. Particularly, he mentioned that he’s sticking with gold, silver, and Bitcoin. 

Gold and silver have long been considered safe havens in times of crisis. From the collapse of the Bretton Woods system to the 2008 financial crisis, they’ve proven themselves reliable stores of value when fiat currencies waver. As such, Kiyosaki’s inclusion of gold and silver isn’t surprising. However, Bitcoin’s entry into the list shifts how even traditional hard-asset advocates now perceive the digital currency.

It’s not the first time Kiyosaki has mentioned BTC as a financial hedge. According to him, Bitcoin will trade at $1 million per coin one day. However, the endorsement of Bitcoin as a financial hedge is more relevant in the context of a potential depression-style collapse.

Bitcoin’s growth over the past two years, in particular, has seen previous questions of speculation change to whether it might be the safest and most accessible asset against inflation. For instance, Bitcoin showed a 10X growth over gold during a short US banking crisis in 2023.

Bitcoin has not only set multiple all-time highs over the past year but is currently the best-performing major asset across several economic metrics. According to a more recent report from Russia’s Central Bank, Bitcoin has outpaced more traditional investments so far in 2025. Particularly, Bitcoin’s cumulative return since 2022 has outpaced the likes of gold and silver. 

At the time of writing, Bitcoin is trading at $118,870.

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.