Robert Kiyosaki, the “Wealthy Dad Poor Dad” writer, has acknowledged that the “greatest inventory market crash” he predicted in his 2014 e-book “Wealthy Dad’s Prophecy” has now arrived.
In a latest X tweet, the monetary guru highlighted what he sees as a basic vulnerability in fashionable retirement methods. Kiyosaki contrasted at this time’s Outlined Contribution (DC) pension plans like 401(ok)s and IRAs with the safer Outlined Profit (DB) plans of earlier generations.
“In a market crash… a DB pension plan should pay as promised to the investor. In a market crash… a DC pension plan is simply required to pay what the investor has contributed… provided that something is left after a market crash,” Kiyosaki defined.
The monetary educator attributed this vulnerability to failures within the instructional system, which he believes lacks “credible monetary training. He characterised the present financial system as a “corrupt and legal financial Ponzi Scheme.”
Kiyosaki: Purchase gold, silver and Bitcoin
Kiyosaki’s resolution focuses on bodily asset possession. He particularly urged traders to “take possession of actual gold, silver, and Bitcoin.”
Kiyosaki additionally suggested in opposition to ETF investments in these belongings, contemplating them “as faux because the US greenback and US bonds.”
His bullish stance on Bitcoin (BTC) has intensified with the Trump administration’s cryptocurrency initiatives. In earlier tweets, Kiyosaki emphasised the significance of Trump’s Bitcoin Strategic Reserve proposal and says it exemplifies management.
It’s value noting that many leaders within the cryptocurrency sector, together with Solana (SOL) co-founder Anatoly Yakovenko, are skeptical of a reserve.
Kiyosaki has been notably important of those that jettisoned Bitcoin throughout latest market volatility.
“Individuals who bought BITCOIN within the final crash are LOSERS,” he acknowledged bluntly.