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crypto.news 2025-03-09 19:24:59

Kiyosaki: ‘Biggest’ stock market crash arrived, ETFs are ‘fake’

Robert Kiyosaki, the “Rich Dad Poor Dad” author, has stated that the “biggest stock market crash” he predicted in his 2014 book “Rich Dad’s Prophecy” has now arrived. In a recent X tweet, the financial guru highlighted what he sees as a fundamental vulnerability in modern retirement systems. Kiyosaki contrasted today’s Defined Contribution (DC) pension plans like 401(k)s and IRAs with the more secure Defined Benefit (DB) plans of previous generations. IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming. Unfortunately that crash has arrived….possibly wiping out the futures of millions of baby boomers World wide. US Baby boomers are the first generation with a 401k and… — Robert Kiyosaki (@theRealKiyosaki) March 9, 2025 “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 attributed this vulnerability to failures in the educational system, which he believes lacks “credible financial education. He characterized the current monetary system as a “corrupt and criminal monetary Ponzi Scheme.” You might also like: NFT sales surge 15.2% to $121m, CryptoPunks sales jump 500% Kiyosaki: Buy gold, silver and Bitcoin Kiyosaki’s solution focuses on physical asset ownership. He specifically urged investors to “take possession of real gold, silver, and Bitcoin.” Kiyosaki also advised against ETF investments in these assets, considering them “as fake as the US dollar and US bonds.” His bullish stance on Bitcoin ( BTC ) has intensified with the Trump administration’s cryptocurrency initiatives. In earlier tweets, Kiyosaki emphasized the importance of Trump’s Bitcoin Strategic Reserve proposal and says it exemplifies leadership. It’s worth noting that many leaders in the cryptocurrency sector, including Solana ( SOL ) co-founder Anatoly Yakovenko, are skeptical of a reserve. Kiyosaki has been particularly critical of those who jettisoned Bitcoin during recent market volatility. “People who sold BITCOIN in the last crash are LOSERS,” he stated bluntly. Read more: Crypto VC funding: Flowdesk raises $52m, DoubleZero scores $28m

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