"A stock market crash is imminent—buy Bitcoin now"…advice from 'Rich Dad'

Source
Korea Economic Daily

Summary

  • Robert Kiyosaki said he warned that "the biggest stock market crash in history is imminent."
  • He said Bitcoin has an issuance cap of 21 million and that with mining already nearing the limit, its price has no choice but to rise.
  • He said he repeatedly recommended reshaping portfolios toward tangible and alternative assets such as gold, silver, Ethereum and Bitcoin, rather than the dollar, which he described as fake money.
Photo=hamdi bendali/Shutterstock
Photo=hamdi bendali/Shutterstock

Robert Kiyosaki, author of the bestselling "Rich Dad Poor Dad," warned that "the biggest stock market crash in history is imminent."

On the 16th (local time), Kiyosaki wrote on X that "the biggest stock market crash in history that I warned about in my 2013 book, 'Rich Dad's Prophecy,' is still approaching," adding that "that massive crash is now imminent."

He stressed that while this crisis will be a disaster for those who are unprepared, it will "deliver more wealth than you can imagine" to investors who prepare wisely—advising readers to view a market crash not with fear but as an opportunity to build wealth.

Kiyosaki singled out "Bitcoin" as the key investment for this crisis. On the 8th, he argued that "gold is theoretically unlimited in supply, but Bitcoin is designed with a issuance cap of 21 million," and that because "the amount already mined is nearing the limit and cannot increase further, Bitcoin's price has no choice but to rise."

Kiyosaki has long criticized fiat currencies such as the dollar as "fake money." He is known to hold Bitcoin—along with gold, silver and Ethereum—as core assets in his portfolio.

He repeatedly urged investors to shift their portfolios toward tangible assets, saying that "the more the U.S. central bank (Fed) prints money, the more the value of fake money will fall, while the value of real and alternative assets will surge."

Jin Young-gi, Hankyung.com reporter young71@hankyung.com

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Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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