Business
‘Millions Will Be Wiped Out’: Robert Kiyosaki Sounds Alarm On Market Crash, Shares Safe Bets
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Robert Kiyosaki warns of a massive stock market crash, urging investors to buy silver, gold, Bitcoin, and Ethereum as Bitcoin supply nears its limit and FOMO rises.
Kiyosaki, a long-time critic of traditional financial systems, has consistently urged investors to diversify into alternative assets such as gold, silver, and Bitcoin.
The author of popular book ‘Poor Dad Rich Dad’ Robert Kiyosaki has forewarned that a massive crash in the stock market has begun and ‘millions will be wiped out’. Kiyosaki has suggested that investors protect themselves with silver, gold, Bitcoin, and Ethereum.
MASSIVE CRASH BEGININING: Millions will be wiped out. Protect yourself. Silver, gold, Bitcoin, Ethereum investors will protect you.Take care
— Robert Kiyosaki (@theRealKiyosaki) November 1, 2025
The author said he is buying Bitcoin, calling it the “first truly scarce money.”
In a post on X (formerly Twitter), Kiyosaki noted that nearly 20 million of the total 21 million Bitcoins have already been mined, adding that buying activity is likely to accelerate as supply nears its limit.
“FOMO (fear of missing out) is real. Please do not be late,” he wrote, urging followers to act before prices climb further.
Kiyosaki has been a long-time supporter of Bitcoin, often describing it as a hedge against inflation and traditional financial systems.
The International Monetary Fund (IMF) has warned that financial risks are building beneath the surface, even as global markets appear calm.
In its Global Financial Stability Report released on Tuesday, the IMF cautioned that rising tariffs, growing debt levels, and the rapid expansion of nonbank financial institutions (NBFIs) are increasing vulnerabilities across the global financial system.
The Fund said investors are showing signs of “complacency”, overlooking risks from trade tensions, fiscal imbalances, and geopolitical uncertainties that could disrupt financial stability.
“Markets seem to have downplayed the potential effects of tariffs on growth and inflation,” the Fund said in its report, adding that the boost from front-loaded consumption and investment is fading, leading to a slowdown in near-term global growth — especially in the United States.
The IMF also highlighted growing concerns over rising government debt and widening fiscal deficits, which are adding pressure on sovereign bond markets.
“An abrupt increase in yields — triggered, for instance, by debt sustainability concerns — could strain banks’ balance sheets and weigh on financial stability,” the Fund warned.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 02, 2025, 16:50 IST
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The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran began.
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Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,700 points during the opening minutes of trading on Wednesday. At 10 am, the benchmark index was at 155,730.37, up 1,764.37 points (1.13%).
Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including ARL, HUBCO, PSO, MARI, OGDC, POL, PPL, HBL, MCB, and MEBL traded in the green.
On Tuesday, PSX ended with moderate gains as thin volumes and profit-taking capped the upward momentum despite supportive global cues and easing geopolitical concerns.
The KSE-100 Index closed at 153,966.36 points, gaining 1,225.99 points or 0.80%.
K-Electric led trading volumes with over 35 million shares exchanged, coinciding with the company’s announcement of a new chief executive earlier in the day.
Market heavyweights, including Engro Holdings, Fauji Fertiliser Company, Lucky Cement, Systems Limited, and Hub Power Company, contributed significantly to the index gains, while banking and select industrial stocks weighed on overall performance.
Despite the rebound, analysts noted that the market remained cautious after last week’s decline, which was driven by geopolitical uncertainty, particularly tensions in the Middle East, and concerns over global energy prices.
Experts suggest that future market direction will depend on regional stability, energy policy developments, and progress in ongoing discussions with the International Monetary Fund.
Globally, stocks rose, and oil fell on Wednesday on reports the US is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports out of the Persian Gulf.
S&P 500 futures rose 0.9% in the Asian morning, European futures lifted 1.2%, and Brent crude futures fell about 6% to $98.30 a barrel.
Business
Rupee inches closer to 94: Currency falls 20 paise to 93.96 per US dollar in early trade – The Times of India
Rupee on Wednesday took another fall towards the 94 per US dollar mark, tumbling 20 paise in early trade to reach 93.96 against the greenback. This follows a weak run for the currency this month. Earlier on Tuesday, the currency had already slipped by 23 paise to settle at 93.76, pressured by a stronger US dollar against major currencies and elevated global crude oil prices, which weighed on investor sentiment.Rupee has been facing pressure due to foreign fund outflows, with forex traders citing uncertainty linked to the West Asia crisis as a key factor behind the sustained weakness. The currency had already shown signs of strain earlier in the week, inching closer to the psychological 94-level against the US dollar for the first time on Monday, before recovering to close flat at 93.53.“Persistent FPI outflows continue to pressure INR. A strong US dollar is keeping emerging market currencies weak, and the INR has weakened by about 4.5 per cent during the month. The rupee range for Wednesday is expected to be 93.65 to 94.25,” Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said. Meanwhile, Dalal Street remained strong with benchmark indices jumping by over 1% each. As of 9:40 am IST, NSE Nifty50 was trading at 23,212.55, up 300.15 or 1.31%. BSE Sensex was also trading in green, gaining almost 900 points or 1.22% to trade at 74,969.91.Uncertainity around the Middle East tensions have also triggered volitality in financial markets. The plunge comes after the United States had put forward a 15-point proposal to Iran aimed at ending the ongoing conflict. US President Donald Trump said Washington and Tehran are “currently in negotiations” and suggested that Iran is eager to strike a peace deal, even as the Islamic Republic has denied holding any direct talks with the United States.
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