Key Takeaways
- Robert Kiyosaki, financial expert and author of Rich Dad Poor Dad, says that an inevitable market crash is on the verge.
- He predicts that the crash will affect stocks, bonds, and real estate markets, but help Silver, Gold, and Bitcoin surge.
- He emphasised that Silver is the best asset for the short term, even better than Bitcoin.
- Kiyosaki opines that the crash has already begun and expects it to reach severity soon.
Robert Kiyosaki, famous for the bestseller Rich Dad Poor Dad, declared on X that he is afraid that the stock, bond, and real estate markets’ crash time is now. The downtrend will continue through the summer, reigniting fears among traders, and it is also expected to increase the flow of billions of dollars into Gold, Silver, and Bitcoin.
According to Kiyosaki, the market crash will wipe out boomers of his generation and make proactive traders extremely rich. He also adds that Silver will beat Bitcoin in the short term, calling it the “biggest bargain today.” He predicts that Silver, which is still 60% below its all-time highs, may triple the price this year. On the other hand, Gold and Bitcoin are trading near all-time highs.
While Kiyosaki accurately foresaw the 2008 market crash, making him a prominent market expert online, various predictions since then have not materialized. This year, he forecasts a “Greater Depression” that will be ignited by the U.S. debt, credit card debt, and fiat’s inflation.
Kiyosaki Predicts 2025 will be the Year of the Great Depression
Kiyosaki calls the dollar fake money due to its unlimited supply and inflation concerns. He also criticises the 33 trillion dollars of U.S. debt and $1.21 trillion credit card debt. These alarming issues will force the economy to delve into a greater depression, and as a solution, investors will flock to Silver, Bitcoin, and Gold.
The 2013 book Rich Dad’s Prophecy by Robert Kiyosaki predicts a historic collapse, in which traditional stocks, bonds, and real estate markets will witness a downfall. “Unfortunately, millions, especially my generation of boomers, will be wiped out when the stock and bond markets crash,” he added.
Are Robert Kiyosaki’s Predictions Trustworthy?
Kiyosaki’s critics argue that he is making predictions on X for attention, citing his failed forecasts. While this week he embraced Silver and expressed its potential more than Bitcoin, he made contradictory statements three weeks ago. On May 7th, he posted that Bitcoin is a better asset than Gold or Silver because of its finite supply of 21 million.
Despite emphasizing Silver this week, Kiyosaki didn’t completely abandon Bitcoin. According to sources, he has doubled down on his BTC long position, with his own belief that it will eventually cross the $1 million mark.
Silver vs Bitcoin – Which to HODL?
Various market experts suggest that Silver will perform higher than Bitcoin in the short term. However, Bitcoin’s reduced supply and increased demand will lead to a $1 million value per coin, but it is less likely to achieve it this decade. According to Robert Kiyosaki, starting in 2030, Bitcoin will need another 5 years to reach $ 1 million.
The approval of various Bitcoin ETFs by governments across the world is already bringing in billions to the cap, and the increased institutional adoption, demand by the banks, and the scarcity will make Bitcoin a better asset than Silver in the long term.
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About Robert Kiyosaki
Born in 1947, Robert Kiyosaki is a U.S.-based businessman who is known for providing finance and business education through books and videos. His Rich Dad Poor Dad, a book that advocates financial literacy and claims to increase one’s financial intelligence, is a bestseller that attracted global readers.
He has been a long-time public proponent of Bitcoin, and regularly claims that even a 0.01 BTC will make you rich in the future. Despite the mixed results for his predictions, he is considered an insightful financial expert.