Author of "Rich Dad Poor Dad" warns of historic crash that will wipe out paper assets, advises holding Bitcoin
U.Today – Robert Kiyosaki, the famous author of the personal finance book “Rich Dad Poor Dad”, recently issued a strong warning about the current state of the stock market. According to him, a "great crash" is taking place exactly as he predicted in the book more than 20 years ago – and as a result, millions of paper assets are being wiped out.
“I warned you…” – The prophecy comes true
Quoting the content of the book *Rich Dad’s Prophecy published in 2002, Kiyosaki shared on Twitter that he had predicted a major financial crisis would occur, especially heavily affecting the Baby Boomers generation – those who are entering retirement age and lack time for long-term investment.
“I warned that the biggest stock market crash in history would wipe out the financial security of millions of investors… especially my generation,” he stressed.
Is the market in a recession, not a crisis?
While Kiyosaki called it a crash, he said the market is in a recession, not a full-blown crisis. However, he warned that those who rely on traditional financial assets like stocks, bonds, and ETFs could be in for a big loss.
What is “real money”? Bitcoin, gold, and silver
Kiyosaki continued to reiterate his stance that has been with him for years: don’t trust “paper money” or printed financial assets like those on Wall Street. Instead, he recommended that investors switch to “real money – including **physical gold, physical silver, and Bitcoin.
According to him, the US Federal Reserve's ability to print trillions of dollars will make "fake money even more fake," leading to a sharp decline in the value of the US dollar. In that context, the value of Bitcoin, gold and silver will be increasingly evident, not because of rising prices but because the purchasing power of the dollar is rapidly decreasing.
"If you still have some 'runway', save gold, silver and Bitcoin," Kiyosaki concluded in his tweet.
Where should you invest next?
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