- Robert Kiyosaki says the long-predicted market crash has arrived
- The stock market suffers a $6.4 trillion loss, signaling a potential depression.
- Kiyosaki urges investors to consider gold, silver, and Bitcoin.
Financial author Robert Kiyosaki declared Friday’s sharp market downturn confirms the financial collapse he has predicted for decades, stating the U.S. is now in a recession and potentially a depression.
His comments came as global stock markets shed trillions, driven by new U.S. tariffs and swift Chinese retaliation.
Stocks Lose $6.4 Trillion as Tariffs, China Retaliation Bite
Major U.S. tech stocks were hit hard. Apple, Microsoft, and Nvidia shares fell sharply Friday (7.3%, 3.56%, and 7.36% respectively), extending Thursday’s losses. Amazon, Alphabet (Google), and Meta also saw significant declines (4.15%, 3.20%, 5.06%).
The sell-off, wiping a reported $6.4 trillion from global equity markets according to the New York Post, followed new U.S. tariffs taking effect and immediate Chinese countermeasures, including hefty import taxes and company blacklists.
Crypto Shows Resilience: Bitcoin Rebounds Above $83k
In contrast to traditional markets, the crypto market demonstrated resilience. After an initial dip, the total crypto market cap recovered quickly, bouncing back to $2.76 trillion.
Bitcoin notably rebounded from lows near $81,000 to trade back above $83,000
Related: Standard Chartered: Bitcoin Correction Linked to Stock Market Dip
Kiyosaki Doubles Down: Recommends Bitcoin, Gold, Silver
Taking to social media, Kiyosaki claimed the crash validates warnings from his book “Rich Dad’s Prophecy,” particularly regarding risks to baby boomers’ retirement savings in traditional assets like stocks, bonds, and mutual funds.
Instead, Kiyosaki urged Americans to consider alternative stores of value like Bitcoin. “As I have been suggesting for years, I recommend saving real gold, real silver, and today, Bitcoin,” he wrote.
He added that the value of these assets will rise as the U.S. dollar weakens and inflation surges. “Gold, silver, and Bitcoin are not going up in price — the dollar is going down in value.”
Counterpoints: Past Predictions and Bubble Debate
While Kiyosaki’s warnings resonate with some, others point out that he has made similar predictions during past financial crises, such as the Global Financial Crisis, which didn’t fully materialize as expected.
Jim Vitek also suggests that the market may not yet be in a “bubble” state, indicating more room for equities to lose value before a crash.
Related: Kiyosaki’s Stock Market Crash Warnings Look Prescient—Bitcoin: The Safety Net & Discounted Asset
Global Markets Tumble; Trump Urges Calm
The market downturn followed the latest round of U.S. trade measures targeting imports from China, the EU, and other nations. China’s response was immediate and forceful.
European markets followed suit, with the UK’s FTSE 100 dropping 4.9% and Germany’s DAX falling nearly 5%. Japan’s Nikkei lost over 2.7%, with Prime Minister Fumio Kishida calling the situation a “national crisis.”
Meanwhile, President Donald Trump dismissed concerns over the market crash, pointing instead to job growth and economic fundamentals. “Hang tough. We can’t lose,” he wrote on social media.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
