In a recent X post, "Rich Dad Poor Dad" author Robert Kiyosaki made some bold predictions for his followers.
"The best time to get rich is approaching," he wrote.
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However, he also cautioned of looming risks, stating that "real estate markets are crashing" and "bad times are coming."
To weather these challenging times, Kiyosaki offered advice inspired by his mentor and the book's namesake, Rich Dad.
"As my Rich Dad taught me, ‘If you don't learn how to make money in your sleep, you'll never be rich,'" he wrote. "The time to make money in your sleep is arriving now."
Kiyosaki suggested continuing to study, attending seminars and listening to successful people to prepare for the upcoming opportunities.
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Kiyosaki's prediction of "bad times" is rooted in technical analysis. In a July 3 post, he warned, "Technical charts indicate the biggest crash in history is coming. Prices of real estate, stocks, bonds, gold, silver and Bitcoin crash."
The warning is especially concerning given the widespread exposure many investors have to those assets.
A market crash of this magnitude could have catastrophic consequences. For example, the housing and credit crisis of the late 2000s led to American households losing about $16 trillion in net worth. Even the more recent stock market sell-off in 2022, less severe than Kiyosaki's projection, resulted in an estimated loss of $3 trillion for 401(k) and IRA plan participants.
Despite this gloomy outlook, Kiyosaki believes that after the crash, there will be "good times to buy bargains." He suggested that a "major long-term bull market cycle" will begin in late 2025, leading to rising prices for years.
Kiyosaki identified gold, silver and Bitcoin as three assets likely to benefit from this upcoming bull market.
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Kiyosaki's optimism about gold, silver and Bitcoin is rooted in his skepticism of the U.S. economy and fiat currency. He believes that investors in these assets anticipate a long-term bull market because of the U.S.'s status as "the biggest debtor nation in history" and the eroding "faith and confidence in ‘FAKE' money."
Kiyosaki predicts a significant surge in these assets following a market crash. He has made bold price targets, suggesting that gold could reach $15,000 per ounce, silver $110 per ounce and Bitcoin $10 million per coin. Given their current prices, these projections represent a potential upside of 519% for gold, 279% for silver and 15,000% for Bitcoin.
While Kiyosaki did not specify a time frame for his predictions, he indicated that investors should expect a long-term bull market. In a July 23 post, he offered more specific price targets based on the possibility of Donald Trump winning the presidential election in November. He predicted gold would reach $3,300 per ounce, silver $79 per ounce, and Bitcoin $105,000 per coin by August 2025.
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