A global financial crisis is approaching! Robert Kiyosaki: Bitcoin is safer than gold and may soar to a million dollars.

On August 18, Bitcoin (BTC) consolidated around $117,250, just a step away from the historic high of $124,533 reached last week. Meanwhile, the price of gold fell to $3,340 per ounce, with a weekly decline of nearly 2%. This stark contrast prompted best-selling author Robert Kiyosaki of "Rich Dad Poor Dad" to emphasize again that in the current shadow of the global financial crisis, Bitcoin is replacing gold as the preferred hedge asset.

Kiyosaki's Warning: Stock Market Red Lights Flashing, 401(k) Facing Risks

Kiyosaki posted on the X platform, pointing out that the signals of a crash in the U.S. stock market have already lit up, especially for the baby boomer generation that relies on the 401(k) retirement plan, the risks are rising sharply. He reminds investors not to rely solely on stocks and bonds, but to diversify their funds into "real currencies" — gold, silver, and Bitcoin.

In his eyes, Bitcoin is "the people's money," possessing characteristics such as digital scarcity, global transferability, and resistance to government manipulation, allowing it to retain value amidst inflation, currency devaluation, and systemic shocks.

Why is Bitcoin superior to gold?

Gold has long been regarded as a safe-haven asset, but Kiyosaki believes that the current financial environment is more suitable for Bitcoin:

1. Liquidity and Portability: BTC can be quickly transferred globally without the need for physical transportation.

2. Digital Scarcity: The total supply of Bitcoin is 21 million coins, with a fixed supply.

3. Decentralization: Not directly controlled by central banks and governments.

He even predicts that if the market's confidence in fiat currency further collapses, the price of BTC may soar to 1 million dollars.

Bitcoin Price Analysis: Technicals Still Bullish

Currently, BTC is quoted at 118,367 USD, and the daily chart shows an ascending triangle pattern, with the uptrend line since June providing key support.

Resistance level: $123,235 (Once突破, it is expected to hit $127,300 and $131,500)

Support level: $116,700 (falling below or testing $115,600 and $112,500)

Technical indicators: RSI is 53, indicating there is still room for upward movement; MACD remains positive, momentum has slowed but is still bullish.

In terms of trading strategy, aggressive investors can go long above $123,235, with a stop-loss set below $116,700; conservative investors may wait to enter after a test of the support level.

The Shift in the Hedging Status of Gold and Bitcoin

Recently, gold prices have been under pressure. Although demand in Asia is strong, global market confidence in its attractiveness as a safe-haven asset has weakened. Kiyosaki pointed out that Moody's downgrade of U.S. bond ratings and rising global inflationary pressures are both undermining the status of traditional safe-haven assets.

In contrast, Bitcoin's acceptance and liquidity in the global market are continuously increasing, making it an increasingly important part of asset allocation.

Conclusion

Robert Kiyosaki's views are controversial, but in the current macroeconomic environment, Bitcoin indeed demonstrates a hedging property stronger than gold. Whether BTC can reach his predicted 1 million USD or not, investors should be aware that digital assets are no longer a fringe investment, but rather a "real currency" that could play a key role in the next crisis.