Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has issued a fresh warning about the unwinding of Japan's massive yen carry trade, urging investors to turn to Bitcoin, Ethereum, gold and silver as the global financial system enters a period of heightened volatility.
In a post on social media platform X on November 28, 2025, Kiyosaki wrote: "Japan 'Carry Trade' ended. Watch out below. Bubble Markets about to deflate." He reinforced his long-held investment mantra: "Standing by my mantra… buy gold, silver, bitcoin, and ethereum." He added emphatically: "Yes, you can get richer while the world gets poorer."
The $20 Trillion Yen Carry Trade Loosens
Analysts estimate that the total size of the yen carry trade runs as high as $20 trillion. For decades, global investors borrowed yen at near-zero interest rates to chase higher yields in equities, tech stocks and emerging markets. But the yen has strengthened sharply and Japanese government bond yields have surged in November 2025, forcing a rapid unwinding of these positions. When leveraged carry trades are closed en masse, it triggers a global liquidity crunch as investors scramble to sell assets to repay yen-denominated loans — a dynamic that amplified the 2008 financial crisis and now threatens to repeat itself.
Kiyosaki's Crisis Playbook: Hard Assets and Digital Gold
The famous author has long positioned Bitcoin and Ethereum alongside precious metals as ultimate hedges against what he calls the "biggest crash in history." He describes gold and silver as timeless forms of real money, while viewing Bitcoin and Ethereum as scarce, decentralized assets that can preserve purchasing power when fiat currencies like the U.S. dollar weaken. In his view, major market downturns represent wealth-transfer events — those holding hard or digital sound money can emerge richer while others suffer.
Kiyosaki's warning arrives amid growing evidence that the carry trade unwind is accelerating losses across global markets. The forced selling pressures are reminiscent of past liquidity crises, and central banks may find it difficult to intervene effectively given the scale of the positions involved.
Consistency in a Volatile World
Kiyosaki's latest comments fit seamlessly with his decades-long narrative. He has repeatedly called Bitcoin "the people's money" and warned of the inevitable debasement of fiat currencies due to relentless money printing. His belief that the U.S. economy is on a deteriorating trajectory has remained unchanged, and he continues to advocate for asset allocation that can withstand systemic collapse.
While Kiyosaki's predictions are often extreme, the structural risks posed by the yen carry trade unwind are real. Investors should monitor the situation closely as the potential for a global liquidity shock looms.