Kiyosaki maintains that there is no better time than now for investors to take advantage of the market situation.
Popular financial coach and author of the “Rich Dad Poor Dad” book Robert Kiyosaki is once again in the spotlight for his latest take on the ongoing market crash.
Kiyosaki, who is one of the most vocal financial analysts around the world, has weighed in on the current downturn in the financial markets, claiming that the warnings he issued for many years may now be playing out right before the eyes of everyone. More so, at a time when the world is dying to see the Federal Reserve’s FOMC Minutes release.
Kiyosaki’s Take on the Market Crash
In a Wednesday post on X, Kiyosaki reminded his followers about a book he published in 2013 titled Rich Dad’s Prophecy. According to him, he predicted a major stock market crash in the book and believes that the financial crisis of today is undoubtedly linked to decisions made during the 2008 financial crisis.
Specifically, he criticized the actions of former Federal Reserve Chairman Ben Bernanke, who, he said, prioritized bankers’ bonuses over the welfare of ordinary citizens.
Kiyosaki again noted that the current downturn is not limited to a single sector but spreads across nearly every sector. These include housing, retail, and car markets. He noted that this can only mean that there is a bigger economic issue going on.
Despite the situation, however, Kiyosaki maintains that there is no better time than now for investors to take advantage of the market situation. He said partly:
“…Time to be cool and be smart, while millions are panicking.”
According to the expert investor, crashes create the perfect opportunity to get rich and get ahead in life. That is, for smart investors who know how to make the best of it.
Hope for Bitcoin
Meanwhile, while the recent crypto market crash has left most investors worried, Kiyosaki remains unshaken in his belief in the future of Bitcoin BTC $94 466 24h volatility: 0.4% Market cap: $1.88 T Vol. 24h: $23.26 B .
As Bitcoin’s price dipped nearly 6% earlier today, Kiyosaki insists it’s “great news.” To him, if Bitcoin is crashing, then Bitcoin is selling. This means that it is a good time to accumulate.
In his words, there are “less than 2 million more coins to be mined”. With such scarcity, there is no denying that the value of Bitcoin will eventually skyrocket.
Despite his bullish stance, the broader crypto market remains fairly shaky. At least, over $712 million in liquidations were recently reported.
However, the uncertainty is mostly about the anticipation for the FOMC Minutes release later today. That, and other key economic updates, including the US job data, have meant that traders remain extremely cautious in dealing with the market.
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