Financial author and investor Robert Kiyosaki is back with another grim warning, stressing that an economic crash is already underway.
In this line, the Rich Dad Poor Dad author has declared that a “massive crash” is in progress and that “millions will be wiped out.”
In an X post on November 1, Kiyosaki urged investors to seek refuge in hard assets, particularly silver, gold, Bitcoin (BTC), and Ethereum (ETH).
In the past, the investor has argued that stocks, bonds, and real estate are vulnerable to a collapse that may surpass previous downturns.
He has pointed to soaring debt, inflation, artificial intelligence–driven job losses, and what he calls the “everything bubble” as signs that the financial system is beginning to shake.
To preserve wealth, Kiyosaki has emphasized the need for investors to move away from traditional savings and fiat holdings, which he labels “fake money,” and instead focus on precious metals and cryptocurrencies.
While making bullish predictions, such as Bitcoin eventually reaching $1 million, he has also singled out silver as the “biggest bargain” among safe-haven assets, predicting that it could triple in value.
Gold and Bitcoin also feature prominently in his strategy, with Kiyosaki forecasting a major migration of capital into these assets as the crash unfolds.
Kiyosaki’s past crash prediction
However, his warnings are not without controversy. Kiyosaki has repeatedly predicted market crashes, in 2011, 2016, 2020, and early 2023, none of which have fully materialized. Financial commentators have noted that his timing and severity forecasts are often overstated or delayed.
Critics argue that while his warnings attract attention, the repeated “crash imminent” claims may erode credibility over time.
That said, his recurring message aligns with broader concerns in today’s markets. Analysts continue to highlight stretched valuations, central bank policy challenges, and elevated corporate debt as legitimate warning signs of potential instability.
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