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The author of Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his long-held forecast of a catastrophic stock market meltdown. He claimed that the crash he predicted in his 2014 book Rich Dad’s Prophecy is already occurring in a recent post on X.
Kiyosaki identified fundamental flaws in contemporary retirement systems, pointing out in particular the move away from defined benefit (DB) pensions and toward defined contribution (DC) plans such as IRAs and 401(k)s. He clarified that DC plans simply reimburse an investor’s contributions, assuming anything is left over after a downturn, but DB pensions provide payouts even in the event of a crash.
Kiyosaki blames a lack of financial education for these vulnerabilities, calling the system a “corrupt and criminal monetary Ponzi Scheme.” He argues that people are ill-prepared for economic turmoil because traditional education fails to teach financial literacy.
His proposed solution is owning physical assets. He strongly advises investors to “take possession of real gold, silver, and Bitcoin.” He also warns against ETFs for these assets, stating they are “as fake as the US dollar and US bonds.”
Kiyosaki’s bullish outlook on Bitcoin has strengthened, especially following Trump’s cryptocurrency initiatives. He believes the Bitcoin Strategic Reserve proposal represents strong leadership and signals a new financial era.
At the time of writing, Bitcoin stands at $82,176.