Robert Kiyosaki, author of the financial literacy bestseller “Rich Dad Poor Dad,” believes the current market crash presents a chance for investors to get richer.
Kiyosaki points to recent drops in major indices like the Dow Jones and S&P 500 as evidence of the crash.
He reminds his followers (2.1 million on X, formerly Twitter) that he’s been anticipating this crash for years.
Kiyosaki encourages investors to “buy assets at bargain basement prices” during this downturn, referencing advice from his book. “Rich dad taught his son and me when markets are crashing is the time the rich get richer,” he writes.
Earlier this year, Kiyosaki surprised the crypto community by predicting Bitcoin could reach $350,000 by August. He clarifies this as a “target” and not a guaranteed forecast.
Kiyosaki reveals he’s invested in not only Bitcoin but also leading altcoins like Ethereum and Solana.
Kiyosaki has been a vocal supporter of Bitcoin since at least 2020, criticizing the US government’s money printing and citing the national debt as a reason for his bullish Bitcoin outlook.
In essence, Kiyosaki views the market crash as a buying opportunity for savvy investors, particularly in assets like Bitcoin and other cryptocurrencies.