“Rich Dad Poor Dad” author Robert Kiyosaki recently shared some encouraging insights with his followers.
In a post on X, he declared, “Best time to get rich is approaching.”
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But it’s not all positive news. The renowned author also warned that “real estate markets are crashing” and “bad times are coming.” This comment came weeks before the global market selloff of Moday, Aug. 5, when the S&P 500 had its worst drop since 2022, and Japan’s Nikkei had its worst rout since 1987.
Regarding how to navigate the hard times, Kiyosaki shared some wisdom from Rich Dad, his mentor and inspiration for the book.
“As my Rich Dad taught me…. ‘If you don’t learn how to make money in your sleep… you’ll never be rich.’ The time to make money in your sleep is arriving now,” he wrote.
His suggestions are rather straightforward, including “keep studying,” “attend seminars” and “listen to successful people.”
Kiyosaki also provided more detailed insights on what lies ahead and how to capitalize on it.
‘Boom to bust’
The rationale behind Kiyosaki’s “bad times” warning appears to be technical.
In a post on July 3, Kiyosaki wrote, “Boom going bust: Technical charts indicate biggest crash in history coming. Prices of real estate, stocks, bonds, gold, silver, & Bitcoin crash.”
This statement is concerning, given the extensive exposure many investors have to these assets. A market crash of this magnitude could be devastating.
Though global markets stabilized somewhat on Tuesday, following Monday’s historic drop, some observers were reminded of the stock market selloff in 2022. CBS News reported that 401(k) and IRA plan participants experienced an estimated loss of around $3 trillion during that event
Even worse was the housing and credit crisis of the late 2000s, when American households lost approximately $16 trillion in net worth.
However, Kiyosaki also highlighted that “good times to buy bargains” will follow the crash.
“Technical charts indicate major long term bull market cycle will follow… starting bull market climb in late 2025, raising prices for years,” he elaborated.
He then pointed to three assets that will benefit significantly from the bull market cycle: gold, silver and bitcoin.
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Astronomical trio
Kiyosaki’s positive outlook on these assets stems from his lack of confidence in the U.S. and fiat currency.
He stated that gold, silver and Bitcoin investors anticipate a long-term bull market cycle for these assets because the U.S. is “the biggest debtor nation in history” and because “faith and confidence in ‘FAKE’ money is dissolving.”
Kiyosaki sees these assets surging after the crash, making bold predictions about their potential prices.
“Gold possibly $15,000 an ounce. Silver possibly $110.00 an ounce. Bitcoin easily to $10 million per coin,” he wrote.
Considering that gold currently trades at over $2,400 per ounce, silver at just under $30 an ounce, and Bitcoin around $56,000 per coin, this forecast implies staggering upside across all three assets.
Kiyosaki did not specify a timeframe for these predictions, indicating that investors may need to be patient as he foresees a long-term bull market cycle.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Source Agencies
