Don't take investment advice from Robert Kiyosaki
Robert Kiyosaki, author of the bestselling financial book Rich Dad Poor Dad, sounds the alarm again on platform X.
Robert Kiyosaki, author of the famous financial book Rich Dad Poor Dad, is sounding the alarm again on platform X. In a recent post he warns about the "bursting of bubbles," and with that he’s not just talking about stocks or real estate, but also precious metals and crypto. “When bubbles burst, the odds are that gold, silver, and Bitcoin will fall too,” says Kiyosaki.
Interestingly, he calls that "good news" himself. Because, as he writes: “If the prices of gold, silver and Bitcoin plummet... I will buy.”
If you check his profile more often, you know this isn’t a unique statement. According to data from X’s AI tool Grok, Kiyosaki has warned about a financial crash 30 times since 2022. Yet an analysis by the Brew Markets newsletter shows his predictions deliver little return. Those who bailed out after his warnings often missed substantial gains, especially compared with the S&P 500.
The verdict from Brew Markets: “Don’t take investment advice from Robert Kiyosaki.”
Still, Kiyosaki remains popular among alternative investors. He has been promoting gold and silver for years and, in recent years, also Bitcoin as a hedge against inflation and fiat money. Whether Bitcoin is indeed on the verge of a correction remains to be seen. Bitcoin is currently trading around the $118,000 mark, just shy of its all-time high.
