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Robert Kiyosaki Advises Preparing for Crash Landing — Says 'Time to Save Yourself'

Robert Kiyosaki warns of an impending market crash, urging people to invest in gold, silver, and Bitcoin, and to rely on self-preparation rather than the Federal Reserve.

• Main Points:

  • Market Crash Warning: Kiyosaki predicts the biggest market crash in history.

  • Criticism of U.S. Leadership: Labels U.S. leaders as the "3-Stooges" causing economic issues.

  • Self-Reliance: Advises against relying on the Federal Reserve, and promotes self-preparation.

  • Investment Advice: Recommends buying gold, silver, and Bitcoin to protect wealth.

  • Personal Experience: Reflects on his Vietnam War experience, stressing the importance of preparation.

• Detailed Insights:

  • Market Crash Warning: Robert Kiyosaki, author of Rich Dad Poor Dad, warns that a massive market crash is imminent, advising people to prepare for a "crash landing" that could lead to a potential depression.

  • Criticism of U.S. Leadership: Kiyosaki criticizes Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, referring to them as the "3-Stooges" and blaming them for the country's economic problems.

  • Self-Reliance: Kiyosaki urges his followers not to rely on the Federal Reserve, which he views as the root of economic issues. Instead, he emphasizes the importance of self-preparation to navigate the coming financial challenges.

  • Investment Advice: To protect against the potential crash, Kiyosaki recommends investing in tangible assets like gold, silver, and Bitcoin, suggesting these as safer alternatives to relying on government actions.

  • Personal Experience: Drawing on his experience as a helicopter pilot in Vietnam, Kiyosaki stresses the importance of preparation, noting that proper planning was key to his survival during the war. He parallels this to the current economic situation, urging others to prepare similarly.

Related: World’s Largest Sovereign Wealth Fund’s Bitcoin Exposure Not ‘Intentional’

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MicroStrategy’s Bitcoin Holdings Nearly Match Theoretical Ether Profits Without Staking

MicroStrategy’s Bitcoin holdings, now at 226,500 BTC with a 61% profit, have almost caught up to the theoretical gains it could have made by investing in Ethereum.

• Main Points:

  • Bitcoin Holdings: MicroStrategy holds 226,500 BTC, valued at $13.4 billion.

  • Profit Comparison: Bitcoin investment shows a 61% gain, nearing Ethereum's 63% potential gain.

  • Theoretical ETH Returns: Without staking, ETH could have yielded slightly higher returns.

  • Staking Impact: Staking ETH could have added $1.39 billion to MicroStrategy’s profits.

  • Investment Decisions: The gap between Bitcoin and Ethereum returns has significantly narrowed.

• Detailed Insights:

  • Bitcoin Holdings: MicroStrategy, under the leadership of Michael Saylor, has accumulated 226,500 BTC, currently valued at $13.4 billion. The company paid $8.353 billion for these holdings, with an average cost of $36,907 per BTC.

  • Profit Comparison: The company’s Bitcoin investment has gained 61%, which now closely rivals the theoretical 63% profit it could have achieved by investing in Ethereum instead, according to blockchaincenter.net’s ‘There Is No Second Best’ index.

  • Theoretical ETH Returns: If MicroStrategy had invested in Ethereum, it would have acquired approximately 5.21 million ETH, worth slightly more than its current Bitcoin holdings—$206 million more, to be exact.

  • Staking Impact: Had MicroStrategy chosen to stake Ethereum immediately, it could have gained an additional 535,672 ETH, adding $1.39 billion to the theoretical profits, and bringing the total potential value to $14.9 billion.

  • Investment Decisions: While Ethereum was previously seen as a potentially more profitable choice, the narrowing gap between Bitcoin and Ethereum returns highlights the strong performance of Bitcoin in MicroStrategy’s portfolio.

Related: Why Is Solana (SOL) Price Down Today?

Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash

Economist Peter Schiff advises the Federal Reserve to raise interest rates, even if it triggers a market crash, as a necessary step to restore economic stability.

• Main Points:

  • Rate Hike Advocacy: Schiff urges the Fed to raise rates, despite potential market crashes.

  • Inevitable Recession: Schiff argues that a recession is unavoidable due to decades of Fed policies.

  • Market Sentiment: Despite his views, Schiff acknowledges that the market expects rate cuts soon.

  • Economic Concerns: Schiff warns that current economic optimism is misleading, with inflation likely to worsen.

  • National Debt Warning: Rising interest in the national debt could soon surpass major federal expenditures.

• Detailed Insights:

  • Rate Hike Advocacy: Peter Schiff, a well-known economist and gold advocate, suggests that the Federal Reserve should raise interest rates instead of cutting them, even if this leads to a crash in stocks and real estate. He believes such a crash is necessary to correct the economy.

  • Inevitable Recession: Schiff argues that the economic recession is inevitable due to the Federal Reserve's past policies. He believes that raising rates now, despite the short-term pain, is the right approach to avoid even greater economic instability in the future.

  • Market Sentiment: While Schiff advocates for rate hikes, he notes that market sentiment is increasingly expecting rate cuts, possibly even before the September Fed meeting. This expectation is already affecting market psychology.

  • Economic Concerns: Schiff cautions that recent economic data has given a false sense of security, suggesting that while the economy appears strong, inflation will worsen when rate cuts begin.

  • National Debt Warning: Schiff highlights the growing concern over the national debt, noting that interest payments on the debt are becoming a significant burden on the federal budget. He predicts that by 2026, interest on the debt could become the largest federal expense, surpassing even Social Security and Medicare.

Related: BlackRock Edges Closer to Surpassing Grayscale in On-Chain Crypto Assets

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results