Robert Kiyosaki urges to buy Bitcoin as the carry trade of the Yen collapses

Robert Kiyosaki, the author of the famous book Rich Dad Poor Dad, once again warns about the increasing global financial risks. His book has consistently been on the best-seller list for over two decades, translated into dozens of languages, and sold millions of copies worldwide, establishing him as one of the most influential voices in personal finance.

On November 29, Kiyosaki posted on social media X: “The carry trade of Japan has ended. Be careful. The bubble market is about to deflate.” He emphasized his long-standing investment strategy:

“Always adhere to the principle… buy gold, silver, bitcoin, and ethereum.”

He concluded with a strong assertion: “*Yes, you can still get rich while the world is getting poorer.”

His warning comes as analysts note that the carry trade (spread trading) in Japanese Yen — estimated at around $20 trillion — is starting to reverse. For decades, global investors have borrowed Yen at low interest rates to seek higher-yielding assets, pushing up stock prices, technology, and emerging markets. However, with the Yen gaining strength and Japanese bond yields surging in November 2025, this reversal process has begun. This increases the risk of global liquidity shortages as investors rush to pay off debts in Yen, a mechanism that has previously triggered sell-offs in the markets, including the 2008 financial crisis.

Kiyosaki's recommendation on buying gold, silver, bitcoin, and ethereum reflects his view that traditional markets are entering a dangerous phase. He often considers gold and silver to be forms of “real money” that are durable, while bitcoin and ethereum are scarce, decentralized assets that can protect value in the context of a weakening USD and other fiat currencies. He also emphasizes that sharp declines are often opportunities for asset transfer, where holders of “hard money” or quality digital currencies can preserve value.

Robert Kiyosaki remains steadfast in his opinion: bitcoin is the “people's money”. He continuously warns about the devaluation of fiat currency and believes that the U.S. economy is on a downward trend. His latest message once again reminds investors to prepare for volatility and focus on the assets he believes will withstand instability.

What is carry trade?

Carry trade is an investment or borrowing strategy where investors take advantage of the interest rate differential between two countries.

• Basic operation:

  1. Borrow money in a country with low interest rates.
  2. Invest in assets in a country with a higher interest rate.

• Objective: to profit from the interest rate (spread) difference and also from the appreciation of the asset.

Why is the yen often used in carry trade?

• Japan has extremely low interest rates, close to 0% or negative for many years.
• The yen has become a “cheap” currency to borrow.
• Investors borrow yen at low interest rates, then exchange it for USD or other currencies to purchase high-yield assets such as stocks, bonds, or emerging markets.

Simple example:

• Borrow 1 million yen at an interest rate of 0.1%.
• Exchange for USD to buy US bonds yielding 5%.
• Profit = 5% – 0.1% = 4.9% + may additionally benefit from exchange rate fluctuations.

Risks when carry trade reverses

• If the yen appreciates significantly against the currency you are investing in, you will have to pay back more yen when repaying the debt, reducing or even losing profits.
• When many investors simultaneously close carry trade positions, a “bubble burst” will occur in the financial market, creating significant volatility, selling off stocks and risky assets.

Current situation

Thach Sanh