Financial educator Robert Kiyosaki has admitted that his longstanding forecast for a surge in Bitcoin (BTC), gold, and silver might not materialize.
Notably, over the years, the Rich Dad Poor Dad author has maintained that investors should expect a market crash, with the three alternative assets rallying due to their ability to store wealth.
The admission came in an X post on March 15 as Kiyosaki revealed he recently deployed cash to acquire additional oil wells in Texas, along with more gold, silver, and Bitcoin, while contrasting his strategy with that of Warren Buffett.
While expressing confidence that gold, silver, and Bitcoin could rise sharply, he also emphasized the possibility that this outcome may not occur.
He acknowledged he could be wrong about these assets rallying, applying the same caution to his oil investments, whose recent performance he linked to tensions in the Strait of Hormuz.
Even if the expected surges fail to materialize, Kiyosaki said steady cash flow from his real estate and businesses would remain a reliable fallback.
“I am confident that after a giant crash, the price of gold, silver, and Bitcoin will go up… and I know I could be wrong. I am confident as long as Iran keeps shooting oil tankers in the Straits of Hormuz…. The price of oil from my Texas oil wells keeps going up,” Kiyosaki said.
Kiyosaki’s changing investment stand
The admission contrasts with his earlier stance, when he consistently predicted strong rallies in gold, silver, and Bitcoin as hedges during economic turmoil.
At the same time, the investor noted that Buffett has accumulated billions in cash by selling stocks and bonds, positioning the Berkshire Hathaway leader to buy undervalued assets at bargain prices if a crash occurs.
He stressed that no strategy, including his own or Buffett’s, should be followed blindly, leaving decisions to individual investors and their circumstances.
Kiyosaki has repeatedly urged investors to acquire these assets before or during downturns, describing them as potential winners if traditional markets collapse.
In line with his long-standing warning, first outlined in his 2013 book Rich Dad’s Prophecy, he has argued that unresolved issues from the 2008 crisis could still trigger an unprecedented market collapse, possibly by 2026.
Interestingly, Kiyosaki previously dismissed cash as a viable option for savers, arguing that inflation and monetary policies erode its value and urging investors to move into gold, silver, and Bitcoin.
He also stressed the importance of personal financial planning, noting that investors without a clear strategy during volatile periods may be better off taking no action and choosing approaches aligned with their risk tolerance rather than copying prominent figures.
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