Bestselling author and financial educator Robert Kiyosaki has issued a warning about the disruptive impact of artificial intelligence (AI) on the global economy.
According to Kiyosaki, AI-driven automation is poised to eliminate millions of jobs, triggering severe repercussions across key markets, he said in an X post on November 23.
He specifically highlighted office and residential real estate as sectors most vulnerable to the fallout.
As employment declines, demand for both commercial and residential properties is expected to weaken, potentially sparking sharp declines in property values across the United States, Europe, and Asia.
The Rich Dad Poor Dad author also emphasized the broader financial opportunity amidst the turmoil, urging investors to consider precious metals and cryptocurrencies as hedges against the looming crisis.
Managing market crash
To this end, he singled out silver as particularly attractive, currently priced at around $50, with forecasts suggesting it could reach $70 in the near term and potentially $200 by 2026. Gold, Bitcoin (BTC), and Ethereum (ETH) were also recommended as protective assets during the anticipated downturn.
“AI will wipe out jobs and when jobs crash office and residential real estate crashes. Time to buy more gold, silver, Bitcoin and Ethereum. Silver is the best and the safest. Silver is $50 today. I predict silver will hit $70 soon and possibly $200 in 2026. The good news is while millions will lose everything…. if you are prepared…this crash will make you richer,” Kiyosaki said.
Interestingly, Kiyosaki also stressed that the economic crash he has long predicted has now arrived. He maintained that investors need to protect their wealth by opting for alternative assets rather than fiat currency, which he considers “fake money.”
Kiyosaki sells Bitcoin
However, despite this stance, Kiyosaki had initially stressed that he had no intention of liquidating his hard assets. As reported by Finbold, he recently announced ditching his Bitcoin stake to invest in income-generating assets.
Overall, the investor remains bullish on the cryptocurrency, stating he will continue buying, with his past projection placing Bitcoin’s price at $1 million.
Indeed, Kiyosaki’s sale came at a time when Bitcoin experienced massive capital outflows, at one point dipping to the $80,000 zone. However, the asset has rebounded, reclaiming the $85,000 resistance, trading at $86,610 as of press time.
Featured image via Cavaleria Com YouTube
