Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has once again sounded the alarm on the financial system, declaring that the massive stock market crash he predicted in Rich Dad’s Prophecy has now arrived.
In a recent post on X, Kiyosaki warned that this downturn could wipe out the financial security of millions of baby boomers worldwide, particularly those relying on Defined Contribution (DC) pension plans such as 401(k)s and IRAs.
In a Stock Market Crash, Real Assets Over ETFs
Unlike Defined Benefit (DB) pension plans, which guarantee a fixed payout regardless of market conditions, DC pension plans depend entirely on individual contributions and market performance.
Kiyosaki highlighted this distinction, warning that a severe market downturn could decimate retirement savings for those with DC plans.
Beyond the structural flaws of modern pension systems, Kiyosaki pointed to what he sees as fundamental corruption in the financial system.
He argued that Wall Street thrives on “stupid” investors misled by a financial education system that fails to teach people how money truly works.
He believes political leaders, influenced by “criminal banksters,” perpetuate this broken system through massive campaign contributions that manipulate policy decisions to the detriment of ordinary investors.
To navigate what he sees as a rigged financial system, Kiyosaki advocates for holding tangible assets. He urged individuals to take direct ownership of gold, silver, and Bitcoin, viewing these as safeguards against financial instability.
In contrast, he warned against exchange-traded funds (ETFs), arguing that they are as unreliable as fiat currency and government bonds.
“Do what is best for you,” he advised, “Yet I would never buy gold, silver, or Bitcoin ETFs.”
According to Kiyosaki, ETFs add unnecessary layers between investors and the actual asset, making them susceptible to manipulation.
Kiyosaki’s endorsement of Bitcoin has grown stronger recently, particularly as former U.S. President Donald Trump has embraced cryptocurrency-related policies.
Kiyosaki praised Trump’s proposal for a Bitcoin Strategic Reserve, seeing it as a sign of leadership in the face of economic uncertainty.
However, all industry leaders do not share his belief in Bitcoin’s long-term value.
For instance, Solana (SOL) co-founder Anatoly Yakovenko has expressed skepticism about the reserve concept, arguing that government involvement in Bitcoin contradicts its decentralized ethos.
The Bigger Picture: Bitcoin, Market Volatility, and Economic Uncertainty
Kiyosaki’s latest warnings coincide with heightened turbulence in the crypto market.
According to CoinGecko data, Bitcoin’s price has declined by 1.2% over the past week, while the broader cryptocurrency market has suffered an 11.5% downturn.
Source: CoinGecko
Despite these short-term fluctuations, Kiyosaki believes that Bitcoin and other real assets provide the best protection against financial instability.
His views align with growing concerns about the U.S. economy. Recently, the U.S. government announced plans for a Strategic Bitcoin Reserve, initially seen as a bullish move for digital assets.
However, further analysis has dampened optimism, as officials clarified that the reserve will be built exclusively from Bitcoin seized in criminal and civil forfeiture cases.
This revelation has fueled further uncertainty in the crypto market, suggesting the government is not actively buying Bitcoin but accumulating it through seizures.
Despite these challenges, Kiyosaki continues to emphasize that real assets, not paper representations like ETFs, offer the best hedge against economic downturns.
In his view, those who sold Bitcoin during the recent market crash have made a critical mistake. “People who sold BITCOIN in the last crash are LOSERS,” he stated bluntly.
For now, Kiyosaki’s predictions and investment philosophy remain just his opinion of the current market.
Whether his warnings prove accurate in the long run or are just another speculations remain to be seen.
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