Kiyosaki believes that trade wars driven by Donald Trump are dangerous and could lead to military conflicts.
Robert Kiyosaki, investor and financial educator known for “Rich Dad, Poor Dad,” has once again addressed the crypto community with caution about the current economic outlook.
“REPEATING MY SELF AGAIN: From my book Rich Dads Prophecy, my prediction of the biggest stock market crash in history….is now happening now. I hope I am wrong….but as I forecasted…the biggest market crashes in stocks, bonds, and real estate….are about to happen…” posted Kiyosaki via X on May 4.
He warned Americans, “As the pilots say, fasten your seat belts and prepare for a crash. Acknowledging that his message may sound repetitive, he insists that gold, silver and bitcoin remain his preferred safe-haven assets in the face of economic turmoil caused by “greed, madness and fear.
Credit Cards to be Banned from Buying Bitcoin in the UK
The UK’s Financial Conduct Authority (FCA) has revealed details of a possible ban on bitcoin purchases with credit cards. The measure, which is still under review, would prevent UK residents from acquiring bitcoin through financing, including loans and credit cards. This rule would be implemented through restrictions on companies that offer financing for these purposes. The main objective is to protect retail investors from the risks associated with cryptocurrencies and to promote a safer and more transparent digital environment.
David Geale, Head of Payments and Digital Finance at the FCA, said: “Crypto is a potential growth area for the UK, but it needs to be done right. To do that, we need to provide an appropriate level of protection.”
Florida Bitcoin Reservation Proposals Withdrawn Indefinitely
Florida joins Arizona, Montana, North Dakota, Oklahoma, Pennsylvania, South Dakota and Wyoming as states that have rejected proposals this year related to cryptocurrency reserves in state treasuries. In several cases, the bills were passed by legislatures but vetoed by governors.
“US State Reserve Race Update: Both Florida’s Bitcoin Reserve Bills have failed. The legislature adjourned its 2025 session on May 2, without passage of the bills. HB 487 and SB 550 have been “indefinitely postponed and withdrawn from consideration.” Bitcoin Laws posted via X on May 5.
In particular, the two bills introduced in Florida – House Bill 487 and Senate Bill 550 – which proposed to invest 10% of state funds in bitcoin, were “indefinitely deferred and withdrawn from consideration” after the close of the legislative session on May 2.
New legislative initiatives will need to be introduced for a similar proposal to succeed in the future. These efforts will require overcoming technical and political hurdles, and managing an effective public and legislative debate.
Bitcoin Price Improves on News that China and U.S. Resume Trade Talks
In the coming months, the eyes of the market will be on bitcoin and the possibility of a new bull rally. A key factor is the resumption of economic negotiations between China and the United States, the implications of which could create a wave of confidence and capital in the crypto ecosystem and push bitcoin to new highs.
Senior officials from Beijing and Washington will be meeting in Switzerland for the resumption of bilateral dialogue. According to analyst Juan Villaverde, there are two possible scenarios:
No trade deal: Conflict would continue to limit global monetary expansion, with bitcoin stagnating around $110,000. If a trade deal is struck, we could see more Yuanissues, pushing BTC over $ 150,000 by October.
By Leonardo Perez
