Thomas Daniels
The well-known author of Rich Dad Poor Dad, Robert Kiyosaki, has said that the stock market meltdown he foresaw in his 2014 book Rich Dad’s Prophecy has finally happened.
Kiyosaki berated contemporary retirement systems in a recent article on X, pointing out that he believes Defined Contribution (DC) pension plans—like 401(k)s and IRAs—are much riskier than classic Defined Benefit (DB) plans.
“In a market crash… a DB pension plan must pay as promised to the investor. In a market crash… a DC pension plan is only required to pay what the investor has contributed… only if anything is left after a market crash,” Kiyosaki explained.
The financial educator claims that the monetary system is a “corrupt and criminal monetary Ponzi scheme” and links this systemic weakness to a larger failure in financial education.
Kiyosaki Supports Bitcoin, Silver, and Gold Over ETFs
Kiyosaki fervently supports physical asset ownership as a remedy. He calls exchange-traded funds (ETFs) linked to actual gold, silver, and Bitcoin “as fake as the US dollar and US bonds” and exhorts investors to “take possession of real gold, silver, and Bitcoin.”
His optimistic view of Bitcoin has only grown stronger, especially in reaction to Trump government policy toward cryptocurrencies. Former President Donald Trump’s projected Bitcoin Strategic Reserve has been cited by Kiyosaki as an example of capable leadership.
But not all business titans are as excited as Kiyosaki. Among others, Anatoly Yakovenko, a co-founder of Solana (SOL), has voiced doubts about the concept of a national Bitcoin reserve.
In addition, Kiyosaki has harshly chastised investors who traded Bitcoin during recent declines, saying:
“People who sold BITCOIN in the last crash are LOSERS.”
Economists and investors alike continue to argue Kiyosaki’s cautions and investment methods in light of the increased uncertainties facing financial markets.
