Image
Image
27-29 May, 2025
Image 27-29 May, 2025

Las Vegas, NV

Skip to content
Subscribe
  • Home
  • Services
  • Video
  • Events
Subscribe

Reading

Kiyosaki: There is No Soft Landing, Bitcoin is Your Parachute
News Adoption

Kiyosaki: There is No Soft Landing, Bitcoin is Your Parachute

Contrary to the Fed's optimism about a soft landing, Robert Kiyosaki warns of a deteriorating US economy, advising to invest in gold, silver, and BTC
Anisha Pandey
By: Anisha Pandey
Feb 10, 2024
3 min read
Kiyosaki: There is No Soft Landing, Bitcoin is Your Parachute

Robert Kiyosaki, a Japanese-American businessman and author of Rich Dad, Poor Dad, has warned that the economy of the United States is moving towards an adverse state and suggested people buy gold, silver, and Bitcoin.

The statement from Kiyosaki comes at a time when the Federal Reserve said that it expected a soft landing for the economy as inflation shows signs of declining and the growth rate is gradually rising.

Banking Crisis in the US

Kiyosaki’s apprehensions extend to an imminent banking crisis in the United States, challenging the optimism around a soft economic landing. He stated that people should not rely on the soft landing for the US economy for an improvement in global economic conditions, despite 2024 being an election year. 

In a post on social media platform X, Kiyosaki compared the current situation of US investors with the US Navy Flight School, where “student pilots learn how to fly and how to crash their plane.” He added that people “do not know what to do with their money as banks fail and world economy crashes.”

The famous author and investor strongly believes that additional bank failures will soon be witnessed in the country. It is important to note that the shares of New York Community Bankcorp (NYCB) dropped from $10.5 on January 9 to $4.1 on February 9.

New York Community Bankcorp (NYCB) - Robert Kiyosaki
New York Community Bankcorp (NYCB) shows a decline of almost 60% in the recent days — TradingView

As per a report from the Wall Street Journal (WSJ), Moody’s Investors Service cut the bank’s credit rating two notches to junk late Tuesday while citing “financial, risk-management and governance challenges.” After the rating was announced, the stock of the bank fell 15%, the report noted.

On the other hand, Arthur Hayes, the CEO of BitMEX, predicted that the banking firm would likely go “bankrupt” in the near future.

Kiyosaki: Buy Bitcoin

Kiyosaki has been a huge supporter of Bitcoin, gold, and silver. Earlier in January, the businessman emphasized that the Fed will destroy the economy of the United States by raising interest rates and asked people to invest in “REAL MONEY” like gold, silver, and bitcoin.

He added:

“Financial losers will lose money because they do not know what to with their money as banks fail and world economy crashes. For many years I have warned, “Buy Gold, Silver, Bitcoin.” We are not going in for a soft landing. Unfortunately the world of fake money is crashing and gold, silver,  & Bitcoin are parachutes for your personal soft landing.”

Notably, back in March 2023, Kiyosaki stated that the US is bankrupt and added that the debt situation in the US surpasses the commonly acknowledged amount of $31.4 trillion.

“Since the start of the latest NFL football season the national debt has gone up another $ trillion. WTF. Please buy more gold, silver, and bitcoin,” he said.

Kiyosaki is bullish when it comes to the future of Bitcoin. The self-proclaimed “billionaire in debt” stated that the price of bitcoin could skyrocket to $150,000 with the approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States.

He highlighted on January 10:

“I will be buying more gold, silver, & Bitcoin with fake dollars.”

The entrepreneur’s warnings reflect a broader sentiment of growing concern among investors regarding the continuation of banking crisis, the stability of traditional financial institutions and a subsequent surge in interest in decentralized and non-traditional assets.

Stay on top of Bitcoin
news, get weekly updates
in your inbox.

Recommended News

Editors Picks
Editors Picks
New Hampshire Approves and Signs Bitcoin Reserve Bill into Law
May 08, 2025
2 min read
By: Alex Lari
Adoption
Adoption
Florida Bitcoin Reserve Bills “Indefinitely Postponed”
May 07, 2025
2 min read
By: Alex Lari
Adoption
Adoption
Roswell NM Launches World’s First Municipal Bitcoin Strategic Reserve
May 04, 2025
9 min read
By: Guy Malone
All News
Accelerating Adoption
News
  • Adoption
  • Legal
  • Markets
  • Mining
  • Opinion
  • Press Release
  • Learn
  • Sponsored
Company
  • About Us
  • Brand Assets
  • Newsletter
  • Services
  • Site Map
  • Terms & Privacy
Connect
  • Contact Us
  • Contribute
  • Services
  • Media Partner
  • RSS
  • Videos
Social Media
  • Twitter
  • YouTube
  • Telegram
  • LinkedIn
  • Instagram
  • Nostr
  • TikTok
  • Flipboard

© A Bitcoin-Focused Company | 256 Media, 2024

Language Switcher
Search
  • News
    • Adoption
    • Legal
    • Markets
    • Mining
    • Opinion
    • Press Release
    • Learn
    • Interviews
  • Services
  • Video
  • Events
  • News
    • Adoption
    • Interviews
    • Learn
    • Legal
    • Markets
    • Mining
    • Opinion
    • Press Release
  • About Us
  • Contact
  • Newsletter
Search

Popular Articles

How Ben Weiss Built CoinFlip into a Crypto Kiosk Empire
May 9, 2025 · 4 min
Trump Advisor David Bailey to Launch $300M Bitcoin Firm ‘Nakamoto’
May 9, 2025 · 3 min
Launch of Onramp Trade: Industry-Leading Bitcoin Financial Services Platform
May 8, 2025 · 2 min
New Hampshire Approves and Signs Bitcoin Reserve Bill into Law
May 8, 2025 · 2 min
Arizona Governor Vetoes Bitcoin Bill
May 7, 2025 · 2 min
Florida Bitcoin Reserve Bills “Indefinitely Postponed”
May 7, 2025 · 2 min

Bitcoin Only
Newsletter

Get weekly news roundups direct to your inbox!