In a recent X post, ‘Rich Dad Poor Dad’ author Robert Kiyosaki made bold predictions for his followers. While warning of looming risks and a potential market crash, he also outlined a roadmap for investors to navigate these challenging times and emerge on the other side.
Kiyosaki believes that “the best time to get rich is approaching.” However, he cautions that “real estate markets are crashing” and “bad times are coming.” To prepare for this, he advises followers to learn how to “make money in your sleep.” Kiyosaki emphasizes the importance of continuous learning through seminars and listening to successful individuals, preparing for opportunities arising from the impending market crash.
He predicts that the “biggest crash in history” is coming, impacting real estate, stocks, bonds, gold, silver, and Bitcoin. This warning is particularly concerning considering widespread investor exposure to these assets. A crash of this magnitude could have devastating consequences, potentially mirroring the housing and credit crisis of the late 2000s or the stock market sell-off in 2022.
Despite this bleak outlook, Kiyosaki foresees “good times to buy bargains” after the crash, initiating a “major long-term bull market cycle” beginning in late 2025. He identifies gold, silver, and Bitcoin as prime beneficiaries of this upcoming bull market.
Kiyosaki’s optimism towards these assets stems from his skepticism regarding the US economy and fiat currency. He believes investors are anticipating a long-term bull market due to the US being “the biggest debtor nation in history” and the erosion of “faith and confidence in ‘FAKE’ money.”
He expects a significant surge in these assets following the crash, setting bold price targets: $15,000 per ounce for gold, $110 per ounce for silver, and $10 million per coin for Bitcoin. These projections represent potential uplifts of 519% for gold, 279% for silver, and 15,000% for Bitcoin.
While he doesn’t specify a timeframe for these predictions, Kiyosaki indicates that a long-term bull market is expected. In a subsequent post, he offers more specific price targets based on the possibility of Donald Trump winning the 2024 presidential election, predicting gold reaching $3,300 per ounce, silver $79 per ounce, and Bitcoin $105,000 per coin by August 2025.
