According to U.Today, Robert Kiyosaki, the investor and author of the renowned financial literacy book 'Rich Dad Poor Dad,' has addressed his followers on the X platform regarding the current state of the markets. Despite the ongoing market downturn, Kiyosaki sees a significant opportunity for investors and entrepreneurs. He emphasized that the stock market crash has arrived, with the Dow Jones index dropping by 600 points, the Nasdaq falling by 2.4%, and the S&P 500 slipping 6% from its recent all-time high.
Kiyosaki reminded his 2.1 million followers that he had been predicting this crash for years. He reiterated that during market crashes, the rich get richer by buying assets at significantly reduced prices. He acknowledged the substantial losses faced by many investors and companies but stressed that this period presents a chance to acquire assets at bargain prices. He referenced his book, noting that his 'rich dad' taught him that market crashes are the time to invest and grow wealth.
In addition to his views on the stock market, Kiyosaki made a bold prediction about Bitcoin. In early June, he tweeted that he expects Bitcoin to reach $350,000 by August. He clarified that this was not a prediction but rather his target, dream, and wish. Kiyosaki also revealed that he holds and buys not only Bitcoin but also leading altcoins such as Ethereum and Solana. He has been vocal about Bitcoin since at least 2020, criticizing the U.S. government's monetary policies and the increasing national debt, which has now reached $35 trillion.
