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Robert Kiyosaki, the famous author of Rich Dad Poor Dad has taken to X to share an important message on the current market events. While the market is crashing, he still sees an opportunity for investors and entrepreneurs. On Friday, the Dow Jones index crashed by 600 points, the Nasdaq plunged by 2.4%, and the S&P slipped 6% from its recently achieved all-time high.
Market Crashing? Great News, Says Kiyosaki
While he stated in his tweet that as the stock market crash has arrived and the losses are substantial, he also included, “Rich dad taught his son and me, when markets are crashing, is the time the rich get richer, buying assets at bargain basement prices.”
He reminded his 2.1 million followers on X that he had been predicting this crash through multiple tweets over the past few years. He warned many times of a crash coming soon.
Bitcoin’s $350,000 Price Prediction
Notably, in early June, Robert Kiyosaki surprised the crypto community by making a stunning prediction about how he expects Bitcoin to soar this year. Kiyosaki tweeted that he expects Bitcoin to spike to the $350,000 level. He also explained that this was not a prediction but rather his target, a dream, and a wish. He further revealed holding and buying not just Bitcoin, but leading altcoins as well, particularly Ethereum and Solana.
Kiyosaki’s Positive Outlook
Kiyosaki encourages a positive outlook amidst the financial turmoil, suggesting that this is the perfect time to invest in undervalued assets. His advice underscores a fundamental principle of his financial philosophy- viewing market downturns as a chance to acquire valuable assets at lower prices, thereby building wealth. His statements reflect a contrarian approach, urging investors to see beyond immediate losses and focus on long-term gains.
Kiyosaki has been actively tweeting about Bitcoin since 2020 when the pandemic landed, and he kept accusing the U.S. government of printing “fake” U.S. dollars to support the economy. This year, he has been giving another big reason for his Bitcoin surge expectations, the size of the U.S. national debt which has reached a staggering $35 trillion.
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