Robert Kiyosaki Sounds the Alarm on Global Panic, Asking If Bitcoin Dropped to $300, Would You Cry or Celebrate - By: Investor's Business Daily

Robert Kiyosaki, author of the best-selling personal finance classic Rich Dad Poor Dad, has issued a fresh warning about the state of the global economy, highlighting growing fears and the potential onset of a new Great Depression.

Kiyosaki's book, Rich Dad Poor Dad, is a perennial bestseller, translated into dozens of languages and spawns a vast franchise of books, video games, and other multimedia. The book has sold more than 80 million copies worldwide and has been credited with inspiring millions of people to think differently about money, assets, and financial education.

Sharing his thoughts on social media platform X, Kiyosaki noted the widespread fear of unemployment.

“Fear of unemployment spreads like a virus across the world. Obviously this fear is not good for the global economy,” Kiyososki stated on April 30.

He went on to connect today’s economic unease to the predictions made in his 2004 book Rich Dad’s Prophecy.

“As warned in an earlier book, Rich Dad’s Prophecy, the biggest market crash, a crash that is leading to the recession we are in, and possible New Great Depression, may be upon our world today.”

The author expressed a desire to be mistaken about the crisis, adding: “I hope my book and I are wrong.”

But if his forecasts are correct, Kiyosaki urges followers to see the potential opportunity in turmoil.

“If I was prescient, and the global economy crashes, just remember crashes—for those who are prepared, not panicked—can be the time of the opportunity of a life time.”

The 2008 GFC was that life time opportunity for me and many of my friends. Always remember, market crashes mean ‘real assets go on sale.’ If, for example, bitcoin were to crash back to $300 a coin, would you cry or celebrate?”

He concludes with a reminder of why he penned Rich Dad’s Prophecy in the first place: “I wanted you to be prepared for the global panic… that is beginning… now.”

The acclaimed author has penned several best-selling books on personal finance and investing, including the Rich Dad series. A vocal critic of fiat currencies and central bank policies, Kiyosaki believes the U.S. dollar is being devalued and the economy manipulated.

He sees bitcoin as “the people’s money” and a hedge against a collapsing financial system. In previous remarks, Kiyosaki advised his followers not to be afraid of bitcoin volatility. He holds that it is an asset to be bought on dips and sold at highs.