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Robert Kiyosaki, a renowned investor and financial author, famous for his book “Rich Dad Poor Dad”, has issued a warning to the global economic and crypto communities. He claims that the time he talked about in his “Rich Dad’s Prophecy” book (published in 2013) is coming – the biggest crash in history is about to happen.
“I am afraid that crash time is now and through this summer,” Kiyosaki tweeted. Bitcoin is one of the ways to get rich on this crash, according to his tweet.
"Billions will rush into Bitcoin"
Kiyosaki believes that the biggest stock market crash in history is going to happen this year, although this is not the first time he has said so. Over the past few years, he has warned that the “biggest crash” he had foretold was coming “now,” and each of those times it was just strong market turbulence.
The financial author stated that when this crash hits the markets, millions of boomers “will be wiped out” once the stock and bond markets collapse.
However, Kiyosaki says that there is good news here too, despite the frightening prospects. “Millions who are proactive may become extremely rich,” he says. Once stocks, bonds and real estate markets “begin to crash over this summer,” “billions will rush into gold, silver, and Bitcoin.”
"The biggest bargain today"
Aside from Bitcoin, Robert Kiyosaki mentioned two other assets that not only he but many others tout as safe havens — silver and gold. Among these two, the expert has called silver “the biggest bargain today.” He predicts that by the end of 2025, this precious metal is likely to surge 3x from its current $35 price level.
Kiyosaki stated that he intends to use U.S. “fake money” (dollars) to buy more silver, while it is still cheap, unlike Bitcoin and gold — though he recently tweeted that he continues to buy Bitcoin as well. However, he made it clear that he does not plan to buy silver/gold/Bitcoin ETFs, touting only direct exposure to these assets.
In recent tweets, Kiyosaki explained that he believes exchange-traded funds to be another version of “fake assets” created by Wall Street companies; therefore, he advises against investing in them, even if they are based on Bitcoin or gold.
Vladislav Sopov
U.Today Editorial Team