Rich Dad Poor Dad author Robert Kiyosaki has been warning of a financial crash for years, and he now believes it is imminent. In a Tuesday X post, Kiyosaki said the ‘giant crash’ is here, and he is ‘excited’ because he has been piling into gold, silver, Ethereum and Bitcoin.
‘I am so bullish on Bitcoin, I am buying more and more as Bitcoin’s price goes down. Why? There will only ever be 21 million Bitcoin, and there are nearly 21 million Bitcoin already in circulation,’ Kiyosaki wrote. He added that he will continue purchasing Bitcoin as people engage in panic selling. ‘Market crashes are priceless assets going on sale,’ he highlighted.
His post comes after an earlier disclosure that he sold some Bitcoin and gold to buy a new home but did not touch his silver holdings. He also expressed regret over the transaction. ‘I wish I had not sold some gold and some Bitcoin. Selling some gold and Bitcoin was my mistake… a big mistake. Thank God I did not sell my silver,’ he wrote.
Kiyosaki also added in his latest post that those who took his market crash warning seriously will get richer beyond their ‘wildest dreams,’ while for the rest, it will be a nightmare. In an earlier X post, Kiyosaki asserted that AI will eliminate millions of jobs, setting off a chain reaction that could ultimately crash office and residential real estate markets.
The US Fed is to Blame for Economic Instability
Kiyosaki remains concerned about the US government’s excessive spending and rising national debt, which he believes threaten the dollar’s stability. He argues that decentralised, limited-supply assets such as gold, silver and cryptocurrencies offer a safer alternative to traditional fiat currencies.
He also accused the US Treasury and Federal Reserve of violating laws by printing ‘fake money’ to cover their bills. ‘If you and I did what the Fed and Treasury are doing… we would be in jail for breaking the law,’ he said, adding that the US is now the world’s biggest debtor nation, further undermining confidence in the dollar.
Kiyosaki’s Silver Forecast Comes True
Kiyosaki, who claims to own a goldmine, predicted in November that silver prices could reach $100 per ounce. The precious metal topped $121 in late January. The investor celebrated when silver surpassed the $100 mark in a separate X post and reiterated that gold prices could reach $27,000 per ounce in the near future.
He previously disclosed that his latest gold price target was inspired by his friend and investment banker Jim Rickards. At the same time, he emphasised that silver remains scarce, underpinning his bullish outlook. ‘I began buying gold in 1971… the year Nixon took gold off the US dollar,’ Kiyosaki said. ‘Nixon violated Gresham’s Law, which states, “When fake money enters the system… real money goes into hiding.”‘
Disclaimer: Our digital media content is for informational purposes only and is not investment advice. Please conduct your own analysis or seek professional advice before investing. Investments are subject to market risks, and past performance does not guarantee future results.