[Rich Dad Poor Dad author reveals how to survive the current market crash]
Investor and entrepreneur Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, recently took to the X platform to deliver important information to his followers about current market dynamics.
Kiyosaki said the stock market crash has arrived. On Friday, the Dow Jones lost 600 points, the Nasdaq plunged 2.4% and the S&P 500 fell 6% from its recent all-time high. He reminded his 2.1 million followers that he had predicted the crash multiple times over the past few years.
Kiyosaki believes that now is a good time to "buy assets at low prices." Although many investors and companies face huge losses, this is also an opportunity for the rich to get richer. He mentioned that in Rich Dad Poor Dad, rich dad taught that when markets crash, that’s when the rich get richer.
In early June, Kiyosaki surprised the crypto community when he predicted that major cryptocurrencies would soar this year, specifically Bitcoin to $350,000. He explained that this was not a prediction, but his "goals, dreams and wishes." Kiyosaki revealed that he not only holds and buys Bitcoin, but also Ethereum and Solana.
Kiyosaki has been actively posting about Bitcoin since 2020, continuing to accuse the U.S. government of printing "fake" dollars to support the economy. This year, he gave another important reason for Bitcoin's surge - the U.S. national debt has reached $35 trillion.
