Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of the “Everything Bubble,” warning that gold, silver, and bitcoin will plummet, triggering a global recession. He urged investors to prepare for financial turmoil, saying only those who are prepared will emerge richer from the rubble. “Take bitcoin for example… it could crash to $5,000 a coin… then explode to $100,000 to $250,000 and beyond,” he noted.
'Everything Falling Apart' Is Here: Kiyosaki Predicts Bitcoin and Stocks Will Crash — Global Chaos Ahead
Robert Kiyosaki, author of Rich Dad Poor Dad, shared his insights on the U.S. economy, gold, bitcoin and market trends on social media platform X on Saturday. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for more than six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
He pointed to the all-time high in gold prices but warned: “Unfortunately, higher gold prices often mean that investors are becoming bearish. Many investors are moving from stocks to defensive assets. So higher gold prices are not necessarily a good sign.” Kiyosaki predicted a significant stock market crash, stating:
If a major stock market crash happens… which I expect… because the stock market has been high for so many years.
“This is not good news for those who don’t own gold, silver, and bitcoin,” he said. The popular author then encouraged people to prepare by doing their research, joining investment clubs, and keeping an eye out for post-crisis bargains. “Then, in a few years… when another bull market comes along… you’ll be one of the wealthier and smarter investors,” he predicted.
In a follow-up post, Kiyosaki warned of an “Everything Bubble,” fueled by money printed during the 2008 financial crisis. He predicted:
The Everything Bubble is About to Turn into a 'Everything Crash'. Simply put, everything is going to crash, including gold, silver, and bitcoin.
He compared the situation to a catastrophe, claiming that the bubble would burst like Mount Vesuvius, with the collapse being detrimental to most people. He warned that it could trigger a “global recession” similar to the one narrowly avoided in 2008.
Despite the bleak outlook, Kiyosaki believes that those who are prepared will prosper. “After the crash… followed by the bubble… the prepared people will become really rich. I plan to be one of the prepared people… I plan to get even richer… and I want you to get even richer, too.”
He noted:
Take bitcoin for example… it could drop to $5,000 a coin… then skyrocket to $100,000 to $250,000 and beyond.
“Obviously I will buy all the bitcoin I can, as well as other assets, at bargain prices,” Kiyosaki emphasized. “KISS: Keep it super simple … the best time to get rich is here again.”
He concluded by advising investors to aim for wealth and not fall victim to the actions of the Federal Reserve and the Treasury Department. He urged them to be patient, join investment clubs, attend seminars, network with proactive individuals, avoid useless friendships, research, discuss, and prepare for the future.
