Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has sounded a fresh alarm — warning that a “massive crash” has begun and that “millions will be wiped out.”
In a post on X (formerly Twitter), Kiyosaki urged investors to protect themselves, saying, “Silver, gold, Bitcoin, and Ethereum investors will protect you. Take care.”
The post sparked a flurry of reactions. One user wrote, “Been calling this for weeks. Rate cuts have already started — just like in 2000, 2007, and 2020 — right before -49%, -56%, and -35% drawdowns. This isn’t fearmongering; it’s history repeating. The April lows are just the start.”
Another echoed the sentiment: “Spot on, Robert — history doesn’t lie. Remember 2008? The ‘experts’ called it a blip while families lost homes. With $35T in U.S. debt and endless money printing, this bubble’s primed to burst. I’ve been stacking silver and Bitcoin since 2020 — it’s not just protection, it’s freedom from the fiat trap.”
But others pushed back. “Bob, you’ve been predicting a crash every year. One day you’ll be right by probability. Markets don’t just crash — they rotate. Liquidity moves. Gold and silver are fine, but Bitcoin isn’t protection — it’s evolution,” one commenter said.
Meanwhile, gold prices extended their decline for a second consecutive week, pressured by a stronger dollar, improved global risk appetite, and the U.S. Federal Reserve’s cautious stance on rate cuts. On the Multi Commodity Exchange (MCX), December gold futures fell ₹2,219, or 1.8%, last week, touching an intra-day low of ₹1,17,628 per 10 grams on October 28.
Bitcoin also appears to be under pressure, heading for a nearly 5% monthly decline amid market jitters and muted risk sentiment. The world’s largest cryptocurrency dropped as low as $104,782 during the October 10–11 period, after hitting a new record high above $126,000 just days earlier.
In a post on X (formerly Twitter), Kiyosaki urged investors to protect themselves, saying, “Silver, gold, Bitcoin, and Ethereum investors will protect you. Take care.”
The post sparked a flurry of reactions. One user wrote, “Been calling this for weeks. Rate cuts have already started — just like in 2000, 2007, and 2020 — right before -49%, -56%, and -35% drawdowns. This isn’t fearmongering; it’s history repeating. The April lows are just the start.”
Another echoed the sentiment: “Spot on, Robert — history doesn’t lie. Remember 2008? The ‘experts’ called it a blip while families lost homes. With $35T in U.S. debt and endless money printing, this bubble’s primed to burst. I’ve been stacking silver and Bitcoin since 2020 — it’s not just protection, it’s freedom from the fiat trap.”
But others pushed back. “Bob, you’ve been predicting a crash every year. One day you’ll be right by probability. Markets don’t just crash — they rotate. Liquidity moves. Gold and silver are fine, but Bitcoin isn’t protection — it’s evolution,” one commenter said.
Meanwhile, gold prices extended their decline for a second consecutive week, pressured by a stronger dollar, improved global risk appetite, and the U.S. Federal Reserve’s cautious stance on rate cuts. On the Multi Commodity Exchange (MCX), December gold futures fell ₹2,219, or 1.8%, last week, touching an intra-day low of ₹1,17,628 per 10 grams on October 28.
Bitcoin also appears to be under pressure, heading for a nearly 5% monthly decline amid market jitters and muted risk sentiment. The world’s largest cryptocurrency dropped as low as $104,782 during the October 10–11 period, after hitting a new record high above $126,000 just days earlier.
