The recent downturn on Friday impacting both cryptocurrencies and stocks is merely a precursor to a more severe market collapse, forewarned Robert Kiyosaki, acclaimed author of Rich Dad, Poor Dad.

In a post shared this past weekend, Kiyosaki predicted that significant losses for Baby Boomers’ retirement accounts are imminent, suggesting a catastrophic event could unfold by 2025.

A Bigger Downturn Ahead?

He emphasized the impending “biggest crash in world history” in his writings, expressing concerns that this disaster might occur within the near future.

This forecast follows one of the most painful crashes recorded in cryptocurrency history. Bitcoin, for instance, nosedived approximately $20,000 within mere hours, with many altcoins losing up to 90% of their value. Record liquidations of over $19 billion occurred within 24 hours after new tariffs were imposed on Chinese products by the US government.

Kiyosaki reiterated his earlier message that investors should focus their resources solely on “real assets,” arguing that “those who save are losers”. Currently, he recommends investing in gold, silver, Bitcoin, and Ethereum.

“Today, I believe silver and Ethereum are the best because they are stores of value…but more importantly…used in industry…and prices are low. Please study pros and cons and usefulness of silver and Ethereum…from haters and lovers of silver and Ethereum…and then invest with your own financial wisdom.”
Translation: Kiyosaki emphasizes the value of silver and Ethereum for both investment and industrial use, urging thorough research before investing.

Actual Stock Market Crash Looming?

Despite advocating for investments in gold, silver, Bitcoin, and Ethereum, Kiyosaki has criticized the US stock market and the dollar. Earlier this month, he pointed out that Wall Street is on the verge of collapse, signaling even long-time proponents like Warren Buffett have shifted towards gold.

“Even though Buffett dismissed gold and silver investors like me for years, his recent support for gold signals the impending crash of stocks and bonds,” he claimed.
Translation: Kiyosaki suggests that Buffett’s change in stance indicates serious trouble ahead for the stock market.

Disclaimer: The opinions expressed in this article do not reflect those of the publication, and readers are encouraged to conduct their own research before making investment decisions.