Robert Kiyosaki: Gold and Bitcoin Thrive Amid Crisis

Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad” and entrepreneur, has declared a market crash and once again urged investment in gold, silver, and the leading cryptocurrency.

BAD NEWS: CRASH has BEGUN. It will be a bad one.
GOOD NEWS: CRASHES are the best time to get rich. Bargains will float to the surface.
RULES to REMEMBER in a CRASH:
1: DON’T CATCH FALLING KNIVES: Just because prices are falling DO NOT get GREEDY. Wait til prices have…

— Robert Kiyosaki (@theRealKiyosaki) May 3, 2024

“Bad news: the crash has already begun. It will be severe. Good news: crashes are the best time to get rich,” he wrote.

Kiyosaki offered several recommendations during the crisis:

1. Don’t catch falling knives. Do not become greedy just because prices are falling. Wait for the bottom.
2. Educate yourself. YouTube is a great source of both real and fake teachers. Choose the best and be cautious of those who influence your mind, views, and soul.
3. Make new friends who are on the same path. Stay away from victims who blame others for their problems. Avoid Marxists who expect governments to solve their issues.
4. Find an additional source of income. AI will destroy millions of jobs. Start a small business and become an entrepreneur, rather than an employee who fears losing their job.
5. Do not hoard fake money (US dollar, euro, yen, peso) that is losing value. Accumulate gold, silver, and bitcoin—real money whose value increases, especially during a market crash.

In January, following the approval of spot bitcoin ETFs in the US, Kiyosaki predicted a price surge to $150,000. The entrepreneur urged exchanging “fake dollars” for gold, silver, and the leading cryptocurrency.

Later, he explained that he views bitcoin as a “safeguard against wealth theft” by authorities and bankers through inflation, taxes, and stock price manipulation. For this reason, he prefers investing in digital gold and encourages others to do the same.

Back in March, Kiyosaki forecasted bitcoin’s rise to $300,000 this year. In April, he declared the US bankrupt.