Kiyosaki warns of looming market crash, urges gold, silver, crypto

Financial author Robert Kiyosaki renewed a warning on November 1 that a deep global market collapse is under way and could "wipe out" millions of investors, urging followers on X to move money into hard assets including silver, gold, Bitcoin and Ethereum. Kiyosaki said the shift is needed because he views traditional savings and fiat currency as vulnerable, and he repeated longheld forecasts that bitcoin could reach 1 million and that silver could surge severalfold.

Kiyosaki pointed to recent market turbulence, including a selloff tied to U.S. tariff announcements last month that coincided with sharp swings in cryptocurrency prices and liquidations of leveraged positions. Bitcoin has traded around 110,000 in recent sessions with small daily gains but a monthly decline of roughly 7 percent, while Ethereum has shown modest daily upticks but a roughly 12 percent drop over the past month. Proponents of crypto note growing institutional flows and clearer regulatory signals have funneled fresh capital into bitcoin exchange traded products, and trading volume for bitcoin rose in recent reporting to about 29 billion, suggesting strong interest from larger investors.