Robert Kiyosaki has renewed his warning about rising global financial stress, arguing that the unwinding of the yen carry trade could pressure richly valued markets and accelerate a broader selloff. In response, the Rich Dad Poor Dad author again urged investors to consider gold, silver, bitcoin, and ethereum as assets he believes can better withstand periods of turmoil.
Kiyosaki revives his market warning
In a post on X dated Nov. 28, Kiyosaki said that Japan’s carry trade had effectively ended and warned that “bubble markets” were about to deflate. He paired that warning with a familiar message that has defined much of his public market commentary: investors should focus on hard assets and selected cryptocurrencies rather than rely entirely on traditional financial markets.
Kiyosaki’s comments are consistent with his long-running thesis that the global economy is increasingly fragile and that fiat currencies face ongoing debasement. He has repeatedly framed major downturns as moments of wealth transfer, arguing that investors positioned in scarce or non-sovereign assets may be better prepared than those concentrated in conventional paper assets.
Why the yen carry trade matters
The report links Kiyosaki’s latest warning to signs that the massive yen carry trade—estimated at roughly $20 trillion—is beginning to unwind. For years, global investors were able to borrow cheaply in yen and deploy that capital into higher-yielding opportunities elsewhere, including equities, technology stocks, and emerging market assets. That process helped support valuations across a wide range of risk assets.
However, the environment appears to be changing. As the yen strengthens and Japanese bond yields rise sharply in November 2025, positions funded through yen borrowing can become harder to maintain. Investors may then be forced to reduce exposure and repay yen-denominated liabilities, creating a tightening effect on global liquidity.
That matters because liquidity reversals can amplify downside moves. If enough participants are compelled to close leveraged positions at the same time, selling pressure can spread beyond the original trade and affect broader markets. The article notes that similar dynamics have historically intensified major market drawdowns, including during the 2008 financial crisis.
Bitcoin and ethereum in Kiyosaki’s defensive playbook
Kiyosaki’s recommendation to buy bitcoin and ethereum alongside gold and silver reflects a broader worldview rather than a short-term tactical trade. He has consistently described gold and silver as enduring stores of value, while presenting bitcoin and ethereum as scarce, decentralized alternatives that may help preserve purchasing power if confidence in fiat money weakens.
In his framing, bitcoin represents “the people’s money,” while ethereum is included as part of a broader basket of assets outside the traditional monetary system. Although his views are not universally accepted, they have remained remarkably consistent: when financial conditions tighten and confidence in conventional markets erodes, he believes investors should move toward assets with perceived scarcity and independence from central bank policy.
This is also why his message often resonates with crypto audiences. Rather than treating bitcoin purely as a speculative asset, Kiyosaki presents it as a hedge against systemic instability, currency debasement, and policy-driven distortions in capital markets. His latest comments fit neatly into that narrative.
Broader implications for global markets
The key concern raised by the article is not simply that one funding strategy is under pressure, but that the unwind of a major global leverage channel could have spillover effects across asset classes. If the yen carry trade contracts quickly, equities, high-growth sectors, and emerging market exposures could all feel the impact of reduced liquidity and forced repositioning.
That does not automatically guarantee a crash, but it does reinforce the importance of watching funding conditions, currency moves, and bond market trends. In periods when leverage is being removed from the system, assets that previously benefited from abundant liquidity can become vulnerable to sudden repricing.
Kiyosaki’s intervention should therefore be understood as both a market warning and a restatement of his long-held investment philosophy. He is not introducing a new framework; he is applying an existing one to a fresh macro signal. In his view, a weakening fiat-based system and a stressed financial structure make a stronger case for holding assets outside the traditional playbook.
A familiar but forceful message
The article ultimately presents Kiyosaki as unwavering in his conviction. He continues to argue that the world is entering a more dangerous financial phase and that investors should prepare rather than react late. His preferred response remains unchanged: accumulate gold, silver, bitcoin, and ethereum before volatility accelerates.
Whether or not markets follow the severe path he anticipates, his latest warning underscores a theme now central to many macro and crypto discussions: when global liquidity conditions shift, the consequences can move quickly across borders and asset classes. For Kiyosaki, that is precisely why bitcoin remains part of the answer.