Kiyosaki Warns 401(k) Holders of 1929-Style Crash, Urges Gold and Bitcoin

2 articles · Updated · Yahoo Finance · Aug 8

Robert Kiyosaki said Americans with stock-heavy 401(k)s and IRAs could face another 1929-style crash and “Great Depression,” urging them to prepare by owning gold, silver, Bitcoin and Ethereum.
His warning rests on a March 2026 claim that an “Everything Bubble” could burst, even as the S&P 500 has recovered from an earlier stumble and gone on to set record highs in 2026.
The historical comparison is severe: the Dow lost nearly 50% from Black Monday in October 1929 to mid-November, then fell 89% from its peak by summer 1932.
Retirement savers have recent precedent for pain—during the 2022 sell-off, 401(k) and IRA participants lost an estimated $3 trillion.
Kiyosaki also cited Warren Buffett and Jim Rogers as fleeing stocks and bonds, but Berkshire still reported hundreds of billions in equities despite holding $373 billion in cash, Treasuries and equivalents at end-March 2026.