Rich Dad warns that the biggest market crash in history is happening now
Robert Kiyosaki, the bestselling author of "Rich Dad Poor Dad," issued a new warning that he described as urgent, saying: "The biggest market crash in history is indeed happening now."
In a post shared on the "X" platform, Kiyosaki did not hesitate to express his concerns, saying: "I hope I am wrong... but as I previously predicted... the biggest crashes in the stock, bond, and real estate markets... are about to happen very soon."
Kiyosaki first predicted a catastrophic collapse in his book "Rich Dad’s Prophecy," published in 2002. Today, with increasing market volatility, he believes that his old warning is indeed starting to materialize.
Gold, silver, and Bitcoin as safe havens
As for the solution proposed by Kiyosaki, it is continuous investment in what he calls "real assets," saying: "That is why I have been investing in gold, silver, and Bitcoin."
Kiyosaki predicted that the price of silver, currently trading at around $35, could "explode to double its value" and reach $70 by 2026.
Kiyosaki noted that he expects the Federal Reserve and the U.S. Treasury to resort to their previous policies in case the crash worsens, by printing more money. He considered that this step could be catastrophic for the average American citizen.
He added: "If the markets collapse... it is likely that the Fed and the Treasury will print trillions of fake dollars... which will increase the money supply (M2) and could lead to massive inflation."
He continued, explaining: "Simply put, I do not trust the Federal Reserve and the Treasury. They will turn on the fake money printing machine."
Advice to Protect Wealth from Upcoming Inflation
Kiyosaki affirmed, saying: "I trust gold, silver, and Bitcoin to protect me from the massive inflation coming... resulting from the loss of purchasing power of fake money... and that is why I have been warning for years, saying: savers are losers."
In recent weeks, Kiyosaki has been notably active in his comments on the markets. He previously predicted that the price of Bitcoin would reach $200,000 this year and even exceed the million-dollar mark by 2035. On April 20, he told his followers that he was back to buying silver again, describing it as "the greatest investment deal currently available."
Kiyosaki's Last Message to Followers
Kiyosaki concluded his warnings with a repeated advice to his followers, urging them to hedge against the dollar collapse by investing in Bitcoin, gold, and silver, and to stay away from traditional saving methods.
He concluded his message by saying: "I want you to become richer... not poorer. Take care of yourselves."