Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin and silver will take off while gold will crash below $1,200. He urges investors to prepare for the “biggest crash in history” which he forecasted in his book years ago. Emphasizing that the Federal Reserve is “destroying” the U.S. economy, he advised: “Rather than trust the Fed, I prefer to trust gold, silver, and bitcoin.”
The author of Rich Dad Poor Dad, Robert Kiyosaki, returned to social media platform X this week to express renewed concerns about the U.S. economy and potential crashes while offering predictions about gold, silver, and bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
On Wednesday, Kiyosaki shared on X a question by Andy Schectman, CEO of Miles Franklin Precious Metals Investments and a frequent guest on his Rich Dad show. “Andy Schectman asks a very important question. ‘Who is going to buy U.S. bonds?'” Kiyosaki wrote, adding: “Banks are buying gold, not U.S. debt. How will America run without money? How will the world run without money? What will the world do?” The famous author continued:
Gold is going to crash possibly below $1,200. Silver will take off as will bitcoin.
At the time of writing, the price of gold is $2,013.20 per ounce, silver is $23.41, and bitcoin is trading at $51,921.53.
On Monday, Kiyosaki commented on how some financial advisors are now offering spot bitcoin exchange-traded funds (ETFs) to clients. “Finally a few financial planners are recommending investing in gold, silver, bitcoin,” Kiyosaki wrote, adding: “Why have financial planners not recommended investing in hard assets earlier?” Answering his own question, he detailed: “$. Money Baby!!! Commissions!!! Gold has beaten the S&P for decades. The S&P is about to crash by 70%. Don’t be a loser. Choose your financial advisors carefully. Prepare for [the] biggest crash in history … a crash I forecasted in my book ‘Rich Dads Prophecy’ years ago.”
On Thursday, Kiyosaki slammed the Federal Reserve on X. “Sick and tired of hearing ‘experts’ ask: ‘What is the Fed doing?’ The Fed is the problem. The Fed is a criminal organization. The Fed has destroyed the economy, made the poor and middle class poorer, and bailed out their rich banking friends. Wake up. Pay less attention to what the Fed is saying and what the Fed is doing. Again, the Fed is a criminal organization,” he opined. Despite expecting the price of gold to crash, the renowned author stressed:
Rather than trust the Fed, I prefer to trust gold, silver, and bitcoin.
Last month, Kiyosaki warned investors about the U.S. government’s ballooning debt, urging them to buy BTC. He recently explained why he owns bitcoin, emphasizing that the cryptocurrency protects “against the theft of our wealth via our money.” Following the approval of spot bitcoin ETFs, the famous author revealed that he increased his bitcoin holdings. He believes BTC will soon hit $150K, advising investors to pay attention to the upcoming Bitcoin halving.
