The author of the personal finance best-seller Rich Dad Poor Dad, Robert Kiyosaki, says the so-called “everything bubble” is bursting – and he is not selling.
In a series of posts on X, Kiyosaki says the world is deeply in debt, and he believes governments will ultimately be forced to print money to pay their bills and stabilize markets.
That, he says, will make hard assets more valuable as the dollar debases and as “fake money crashes.”
“Bitcoin crashing, the everything bubbles are bursting. Am I selling? NO, I am waiting.
Question: Why aren’t you selling? Answer: The cause of all markets crashing is the world is in need of cash. I do not need cash…
The real reason I am not selling is because the problem, the world is deeply in debt, and my bet is ‘The Big Print’ as described in Lawrence Lepard’s book is about to begin… which will make gold, silver, Bitcoin, and Ethereum more valuable as fake money crashes.”
Kiyosaki says the key to growing wealth is to own assets that can generate cash flow, which allows people to grow their investments, accumulate scarce assets and avoid panic selling.
“Simply said, if you are fearful and need cash as most of the world does, you may want to sell your best assets and go to cash.
I follow the financial advice of the Muppets’ Miss Piggy who advises ‘The key to money management is to always manage to have a lot of money.’ In Rich Dad Poor Dad, Rich dad called this “Cash Flow” from assets such as real estate, oil wells, cattle, and private investments.
I do not trust stocks or bonds but if you do, like Warren Buffett, do what is best for you…
Be careful. Learn from your mistakes if you are panicking and short of cash.”
When the markets bottom, Kiyosaki says he plans to accumulate more BTC.
“I will buy more Bitcoin when the crash is over. There are only 21 million Bitcoins.”
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