The cryptocurrency market endured a sharp downturn over the weekend as escalating geopolitical tensions and inflation concerns rattled investor sentiment.

Bitcoin dipped to below the $99,000 mark: the lowest since May, and major altcoins such as Ethereum, Solana, XRP, and Dogecoin recorded steep losses. Markets, though rising slightly late Sunday, were in a weak mood as traders struggled with a growing cloud of uncertainty globally.

Kiyosaki Urges Shift From Fiat Currency

A recent wave of manipulations follows the new Middle East tensions after a U.S.-commanded attack on Iranian targets authorized by President Donald Trump. The combined effects of the geopolitical shock, ongoing inflationary pressure, and speculation about global indebtedness caused a wide-scale risk-off trend within crypto, as well as traditional financial markets.

In the midst of the market crash, financial guru and stock market investor Robert Kiyosaki has made some noise once again over what he says is “largest global debt bubble burst in history.”

On X (formerly Twitter), the author of Rich Dad Poor Dad encouraged people to reduce exposure to fiat currencies and shift attention to the tangibles they could hedge their bets towards, like gold, silver, and Bitcoin assets that he feels will provide better protection from economic turmoil.

A committed opponent of big government since long, Kiyosaki points out that the debt-based model of economy is unsustainable. His latest statements reiterate predictions he made in his book Rich Dad Prophecy, in which he declared that a significant money crisis is imminent due to an uncontrollable debt and financial mismanagement.

Kiyosaki’s Warnings Gain New Traction

Interestingly enough, Kiyosaki bemoaned the fact that the mainstream is now listening to those new voices who have been saying the same thing he emphasized so many years before. Nevertheless, he says the same: Custodian wealth by investing in hard assets.

Regarding silver, Kiyosaki believes it to be the best hope, and he predicts silver price to double by late 2025. He considers both gold and Bitcoin to be currently overvalued and will wait until there are more corrections before expanding his position with respect to them.

The warnings by Kiyosaki have resonated with already scared investors. Whereas some have called his views alarmist, others see his recommendations as being wise, as uncertainty grows regarding the sustainability of fiat currencies.

With uncertainty prevailing across global markets, the voices of pundits such as Kiyosaki are finding some traction. His assertion of the need of diversification and asset protection, regardless of whether his predictions will come true, is causing a recomposition in the minds of many about how to approach their financial planning.