Robert Kiyosaki, the famous author of "Rich Dad Poor Dad," has issued a new warning that he described as urgent, saying: "The largest market crash in history is indeed happening right now."
In a post he shared on the "X" platform, Kiyosaki did not hesitate to express his concerns, saying: "I hope I'm wrong... But as I predicted earlier... the biggest crashes in the stock, bond, and real estate markets... are about to happen very soon."
Kiyosaki first predicted a catastrophic collapse in his book "Rich Dad's Prophecy" published in 2002. Today, with increasing market volatility, he believes that his old warning is indeed beginning to materialize.
Gold, silver, and bitcoin as safe havens
As for the solution proposed by Kiyosaki, it is a continuous investment in what he calls "real assets," where he said: "That's why I've been investing in gold, silver, and bitcoin."
Kiyosaki predicted that the price of silver, which is currently trading at around $35, could "explode to double its value" and reach $70 by 2026.
Kiyosaki noted that he expects the Federal Reserve and the U.S. Treasury to resort to their previous policies in case the collapse worsens, by printing more money. He considered this step could be catastrophic for the average American citizen.
He added: "If the markets collapse... it is likely that the Fed and the Treasury will print trillions of fake dollars... which will increase the money supply (M2) and thus could cause huge inflation."
He continued: "Simply put, I do not trust the Federal Reserve and the Treasury. They will operate the fake money printing machine."
Advice to protect wealth from upcoming inflation
Kiyosaki stated: "I trust gold, silver, and bitcoin to protect me from the huge upcoming inflation... resulting from the loss of purchasing power of fake money... That's why I've been warning for years saying: savers are losers."
In recent weeks, Kiyosaki has been notably active in his comments on the markets. He previously predicted that the price of bitcoin would reach $200,000 this year, and even exceed the million-dollar mark by 2035. On April 20, he informed his followers that he was back to buying silver again, describing it as "the biggest investment deal currently available."
Kiyosaki's latest message to followers
Kiyosaki concluded his warnings with a repeated advice to his followers, urging them to hedge against the collapse of the dollar by investing in bitcoin, gold, and silver, and to avoid traditional saving methods.
He said in the conclusion of his message: "I want you to become richer... not poorer. Take care of yourselves."
