Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, a severe economic downturn has arrived, prompting him to advise investors to acquire valuable assets such as bitcoin as the markets plummet.
Robert Kiyosaki has announced that a crash is imminent, and he sees Bitcoin as his preferred tool for navigating the situation.
Robert Kiyosaki, the writer behind the popular book Rich Dad Poor Dad, has once again talked about his forecasts of a financial crisis, drawing from his earlier work titled Rich Dad’s Prophecy from 2013. Rich Dad Poor Dad, co-written with Sharon Lecher in 1997, has been a massive success, selling more than 32 million copies in over languages worldwide and maintaining its position on the New York Times Best Seller List for more than six years.
On Tuesday, Kiyosaki shared on social media platform X that he had previously alerted everyone about the impending stock market crash. In his book “Rich Dad’s Prophecy” published in 2013, he accurately predicted the largest stock market crash in history.
He attributed the present economic slump to the policy choices made in response to the 2008 financial crisis, stating: “I foresaw this massive downturn because, in 2008, policymakers, under the guidance of then-Fed Chairman Ben Bernanke, rewarded themselves and bankers with enormous bonuses, while countless ordinary families suffered the devastating loss of their homes, livelihoods, and life savings.”
Kiyosaki commented on the recent drop in bitcoin’s value, describing it as a good opportunity for investing. He expressed positivity about the situation, stating that buying bitcoin during a crash means purchasing it at a discounted price. He advised investors to focus on long-term approaches, emphasizing the importance of buying low and holding onto their investments. Highlighting the scarcity of Bitcoin, Kiyosaki suggested that economic downturns could present lucrative chances for proactive individuals.
