He has something to say about the rise and fall.

Rich Dad tweeted today that the most severe stock market crash in history he predicted in 2014 may have already occurred, potentially destroying the futures of millions of baby boomers worldwide. He stated that current 401k and IRA plans are defined contribution retirement plans, meaning that during a market crash, retirees can only recover a portion of their assets (if there is anything left). Additionally, Rich Dad criticized ETFs for gold, silver, and Bitcoin, believing that ETFs are as deceptive as the US dollar and US Treasury bonds. (Background: Rich Dad: The US is over $230 trillion in debt and is on the brink of bankruptcy; I am using "fake money" to buy discounted Bitcoin) (Context: Rich Dad warns: This year will see the largest stock market crash in history! Millions will be unemployed, "buy Bitcoin to survive") Bestselling personal finance author Robert Kiyosaki tweeted today that in his 2014 book (Rich Dad’s Prophecy), he predicted that the world would face the most severe stock market crash in history. Unfortunately, this "prophecy" has come true and may destroy the futures of millions of baby boomers (those born from 1946 to 1964). IN Rich Dad's Prophecy, published in 2014, I predicted the biggest stock market crash was still coming. Unfortunately, that crash has arrived…possibly wiping out the futures of millions of baby boomers worldwide. US baby boomers are the first generation with a 401k and… — Robert Kiyosaki (@theRealKiyosaki) March 9, 2025 The 401k and IRA retirement systems for US baby boomers may collapse. Rich Dad pointed out that the baby boomer generation is the first to have 401(k) and IRA (defined contribution retirement plans), while the World War II generation (those born before 1933) had defined benefit retirement plans. The differences during a market crash are as follows: During a market crash, defined benefit (DB) pensions must pay retirees according to their promises. However, during a market crash, defined contribution (DC) pensions only have to pay the portion that investors have contributed themselves... if there is anything left after the market crash. Defined contribution (DC) retirement plans, like 401(k) and IRA, are funded by contributions from individuals and employers (if there is a matching mechanism), and these funds are invested in stock markets, bond markets, and other investment tools. The amount of retirement funds depends on investment performance. If the market crashes, the value of investment portfolios may significantly shrink or even incur severe losses, leading to a drastic reduction or complete loss of funds in retirement accounts. Rich Dad: ETFs are as deceptive as the dollar and government bonds. While predicting a future market crash, Rich Dad also criticized the current financial system, stating: Our education system lacks reliable financial education, Wall Street profits from "foolish" investors, and the public naively believes that their academic education can protect them in this corrupt and crime-ridden world controlled by "bankers." These bankers deceive the financially illiterate public with massive amounts of money and campaign funding, influencing naive political leaders. So, how can one escape and defeat this corrupt monetary Ponzi scheme? Rich Dad then stated: "Invest and hold real gold, silver, and Bitcoin." However, the advice here is not to invest in ETFs for gold, silver, and Bitcoin, as he believes ETFs are as deceptive as the US dollar and US Treasury bonds: But I would never buy ETFs for gold, silver, or Bitcoin; in my view, ETFs are just as deceptive as the US dollar and US government bonds. Related reports MicroStrategy's Michael Saylor: Can provide "zero-cost" Bitcoin reserve accumulation strategies; Grok also offers advice Michael Saylor: The US should acquire 5-25% of total Bitcoin by 2035, future Treasury could earn $10 trillion annually. (BlockTempo Weekly) Trump White House crypto summit speech, the US establishes Bitcoin strategic reserves, tariff delays "Rich Dad warns: The largest stock market crash in history has begun, baby boomers may be destroyed; do not buy Bitcoin spot ETFs" this article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).