Buy Bitcoin, abandon banks before it's too late: Robert Kiyosaki

Robert Kiyosaki urges investors to consider assets like Bitcoin, gold, and silver to protect their savings. He argues that these traditional forms of currency are better shields against what he calls "increasing financial risk." Kiyosaki has issued a new warning that an economic crisis may be looming. He points out that the United States' departure from the gold standard in 1971 sowed the seeds of the ongoing instability. Bitcoin: Signs from Past Crises According to Kiyosaki, the Long-Term Capital Management event in 1998 and the collapse of Wall Street in 2008 were early warnings. He stated that none of those shocks caused any real problems—they only pointed to deeper troubles. In his view, central banks patched the holes by pumping cash, but they never fixed the underlying cracks. Those quick fixes risk being shattered as debt levels rise too high.

The Limits of Central Banks Are Revealed Based on reports, Kiyosaki believes that printing money cannot solve all the financial headaches. He warns that central banks may soon reach their limits. He points out that unlimited cash printing erodes trust in currency, making it difficult for banks and governments to rely on the same old strategy. According to him, "You can't borrow or print money to escape an endless pile of debt." He states that the debt is increasing every day.

Student Loan Is A Hidden Cause According to the warning, student loan debt in the United States is ranked high on his list of dangerous signs. He views it as a ticking time bomb that could cause severe credit shocks. He is not alone: Treasury Secretary Janet Yellen has stated that widespread defaults could destabilize the credit market. Economist James Rickards shares this view, arguing that mass non-repayment could shake the financial system more than commercial real estate or corporate bankruptcies.

Interest in Bitcoin and Precious Metals is Increasing Day by Day Based on his comments, many people are looking at Bitcoin, gold, and silver as lifeboats. He noted that the limited supply of Bitcoin gives it an advantage over fiat currency, which can be printed in endless batches. He contrasted the fixed limit of 21 million coins with the uncontrolled increase of government debt. Gold and silver, with centuries of use as currency, also score points because they cannot be created by a keyboard. What Investors Should Watch Kiyosaki suggests keeping an eye on three main signs: increasing debt levels, a rising number of defaulted loans, and continuous money printing. He added that the shift towards alternative assets is a crowd signal—when more people start buying Bitcoin, trust in fiat currency will decrease. He reminds readers that no one can guarantee safety when using cash; history has shown that hard assets often retain value when fiat currency weakens.