- Robert Kiyosaki is the author of the personal finance book “Rich Dad Poor Dad” (1997), one of the best-selling personal finance books of all time.
- Predicting a global financial crisis, Kiyosaki advises people to invest in Gold, Silver and Bitcoin.
Robert Kiyosaki, author of the best-selling personal finance book ‘Rich Dad Poor Dad’, predicts that a major correction across asset markets is on the horizon and that Bitcoin may not be spared.
Kiyosaki expresses caution on Bitcoin, gold, and silver and says the financial bubbles may soon burst.
“Bubbles are about to start busting,” Kiyosaki wrote, adding that when they do, “odds are gold, silver, and Bitcoin will bust too.”
However, Kiyosaki also says that he sees the downturn as a buying opportunity, suggesting he plans to re-enter the market once prices drop.
Kiyosaki’s remarks contradict the prevailing optimism among many crypto analysts, including his own, especially following Bitcoin’s recent all-time high above $120,000.
Last week, he commented on the surge by stating, “Bad news for those who never pulled the trigger… They own nothing.”
Despite celebrating the rally, he cautioned investors against overexposure.
Robert kiyoski’s latest bearish stance appears to conflict with earlier statements. In early July, Kiyosaki criticized what he called “clickbait losers” for repeatedly warning about a Bitcoin crash, accusing them of attempting to scare off speculators. In May he urged people to accumulate Bitcoin and called it the “easiest time to be rich”.
Mixed Messages and Market Skepticism from Robery Kiyosaki
The contradictory nature of Kiyosaki’s commentary has sparked criticism from market observers. For instance, financial newsletter Brew Markets noted that Kiyosaki has frequently predicted stock and crypto market crashes in recent years, many of which have failed to materialize.
They also pointed out that his warnings often coincide with broader market volatility, such as recent S&P 500 movements.
Meanwhile though concerns about a possible Bitcoin “bubble” are growing.
Some analysts suggest that corporate Bitcoin treasuries may be vulnerable to a sharp price decline, potentially triggering a “death spiral” for certain firms if prices drop dramatically.
However, not everyone agrees with the bubble narrative. Joe Burnett, Director of Bitcoin Strategy, argues that Bitcoin remains widely misunderstood, and that companies investing in it are not speculating on a concept, but allocating capital into what they view as a form of money.
“They’re deploying it immediately into Bitcoin, not into an idea but into money itself,” he said.
Meanwhile, longtime Bitcoin supporters point out that skepticism is nothing new.
NFT collector and Furyou founder “Cape” reminded followers that Bitcoin has been labeled a bubble or scam nearly every year since its inception and yet it has continued to grow in adoption and value.
Bitcoin has followed a roughly four-year market pattern since its launch.
If that trend continues, analysts believe the current bull cycle could peak in 2025, with price targets ranging between $130,000 and $200,000 before year-end.
As the debate continues over whether Bitcoin is nearing a top or simply just getting started, investors are left to weigh the risks, manage expectations, and decide whether to follow Robert Kiyosaki’s cautious lead or bet on continued upside.