In today's uncertain economic environment, Rich Dad's warning is like a wake-up call, reminding us that we are facing more severe challenges than the 2008 financial crisis. At the same time, the rise of cryptocurrencies such as Bitcoin has also brought subversive impacts to the traditional financial system. Let us explore these issues in depth and reveal the truth and risks behind them.

 Rich Dad's Warning

Rich Dad's warning sounded like thunder in the financial market. He pointed out that the current crisis is not just a continuation of the 2008 financial crisis, but a bigger storm is brewing. As an experienced investor, Rich Dad's views have attracted much attention. He reminded us that the fragility of the global economic system is becoming more and more obvious, various economic bubbles are gradually expanding, and market risks cannot be underestimated.

 Bitcoin's Challenge

Against the turbulent background of the traditional financial system, the sudden rise of Bitcoin, a cryptocurrency, has attracted widespread attention. As a decentralized digital currency, Bitcoin's value fluctuates greatly, and the investment risk also increases accordingly. However, it is this high-risk and high-return feature that attracts the attention of many investors.

 The shadow of the financial crisis

 The charm of Bitcoin

 Risks and opportunities coexist

At a time when economic uncertainty is increasing, risks and opportunities coexist. Investors need to judge the situation, grasp the investment opportunities, avoid risks, and not give up the courage to pursue opportunities. Rich Dad's warning is a reminder to investors and a warning to the market.

 Future choices

Facing future choices, we need to think and act more carefully. Whether it is the fluctuations in the traditional financial market or the impact of cryptocurrencies, we need to choose our own path with a calm mind and firm belief. Only by continuous learning and growth can we better cope with future challenges.

 Conclusion

Rich Dad’s warning is like a beacon, lighting our way forward. Risks greater than the 2008 financial crisis are approaching, and emerging financial forms such as Bitcoin have also brought us unprecedented challenges. In this era full of uncertainties, only by continuous learning and continuous progress can we overcome all obstacles in the storm and win the glory of the future. Let us work together to meet the challenges of the future!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BTC.com) News: Jerome Powell, Chairman of the Federal Reserve, made hawkish remarks at the Jackson Hole Global Central Bank Annual Meeting on the 26th, reiterating that he would not back down in the fight against rapid inflation, saying that "to restore price stability, it may be necessary to maintain a restrictive policy stance for a period of time, and historical records strongly warn not to relax policies too early." 

As a result, after Powell made this statement, the global financial market was shaken violently. The Dow Jones Industrial Average (DJI) of the US stock market collapsed by 1,008 points or 3.03% on the 26th. Bitcoin (BTC) has plummeted from around $21,900 in the past three days, breaking the $20,000 mark in one fell swoop, with the largest drop of more than 10% in three days. 

In response to the market's miserable situation, Robert Kiyosaki, the author of the well-known bestseller "Rich Dad, Poor Dad", tweeted on the 27th: The point is not what's in your wallet! It's what's in your head? All markets are collapsing: real estate, stocks, gold, silver, Bitcoin. The middle class is being wiped out by higher oil inflation, while the rich are getting richer. The difference is not the wallet, but the mind. First change what you think in your mind... and then you can get richer.

Robert Kiyosaki tweeted again on the 29th that a bigger crash than the 2008 financial crisis has arrived: 2008 was a good time to get rich, everything was on sale, and you could borrow millions of dollars to buy cheap real estate. I published the Rich Dad prophecy in 2013, predicting that a bigger crash is coming. The crash I'm talking about is now, and millions of people will be completely eliminated. Please don't be one of them. Over time, you will get richer.

Multiple crash remarks

In fact, Robert Kiyosaki has repeatedly warned about market crashes. In June last year, he declared that the biggest crash in world history was coming and suggested buying more gold, silver and Bitcoin. In September last year, he declared that the stock market would usher in a major crash in October last year, and gold, silver and Bitcoin may also be affected, but they don't need to be sold.

In April this year, Robert Kiyosaki predicted that "the biggest bubble in history is about to burst. The retirement funds of the baby boomers will disappear. It is no longer possible to spend $10 trillion in fake money. The government, Wall Street, and the Federal Reserve are thieves. Hyperinflation and economic recession are coming one after another. Before the wolf wakes up, it is recommended to buy gold, silver, and Bitcoin."

In July this year, Robert Kiyosaki tweeted that the United States is facing the largest bond crash since 1788, and China's renewable energy bond market is also collapsing. He revealed that he is buying more gold, silver, and waiting for Bitcoin to go lower.

Robert Kiyosaki has been waiting to buy Bitcoin at a lower price, but his predictions for the bottom of Bitcoin have changed many times. He predicted in May this year that he was waiting for Bitcoin to fall to $20,000. Then wait for a bottom test of $17,000, and said that once he knows where the bottom is, he will get on the bus.

But in June this year, Robert Kiyosaki tweeted that he was waiting for Bitcoin to drop to a low of $1,100. If Bitcoin could resume its upward trend, he would increase his purchases, but if not, he would wait for the losers to "surrender" and exit before buying at the bottom.

The 2008 financial crisis has had a serious impact on the global economy, and many people still can't forget that turbulent period. Banks closed, stock markets crashed, and unemployment surged. Everything seemed to be out of control in that crisis. Today, Rich Dad's warning once again reminds people of that painful history, reminding us that crisis may come at any time.

Although Bitcoin is very risky, the charm of the technology behind it cannot be ignored. The application of blockchain technology has made Bitcoin decentralized, anonymous, and secure, attracting more and more investors and institutions. The soaring market value of Bitcoin has also made people see the potential of digital currency.