Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, has advised investors to consider bitcoin exchange-traded funds (ETFs) amidst growing concerns about the global economy. Expressing worry about the Cardboard Box Index, a gauge for consumer goods production, Kiyosaki highlighted a potential economic downturn, urging investors to act swiftly.
In a post on X, Kiyosaki pointed to a declining Cardboard Box Index as an indication of consumers reducing spending, signaling a potential global economic slump that could lead to a depression. Anticipating extensive money printing by the U.S. Treasury and Federal Reserve in response, he recommended traditional safe-haven assets such as gold and silver. Additionally, Kiyosaki suggested considering bitcoin ETFs as an alternative investment strategy.
While emphasizing the rising value of gold and the cost-effectiveness of silver, Kiyosaki underscored the importance of immediate action to avoid being caught off guard. The author has consistently advocated for proactive measures in response to economic uncertainties.
This isn’t the first time Kiyosaki has warned about a possible depression. In previous statements, he predicted an impending depression and a significant market crash. In line with his long-term predictions, Kiyosaki emphasized the potential of gold, silver, and bitcoin as essential assets in times of economic uncertainty.
Kiyosaki’s endorsement of bitcoin ETFs aligns with his broader strategy of diversifying investments and seeking alternative avenues for wealth preservation. While he didn’t specify the type of bitcoin ETFs, it’s worth noting that the U.S. SEC is currently evaluating multiple applications for spot bitcoin ETFs.