‘Rich Dad Poor Dad’ Author Advises Physical Assets Over Bitcoin ETFs


TLDR

  • Robert Kiyosaki warns that a predicted market crash has begun, potentially wiping out the financial futures of millions of baby boomers
  • Kiyosaki urges investors to move away from paper assets and instead invest in physical gold, silver, and Bitcoin
  • He calls the monetary system a “corrupt and criminal Ponzi scheme” and advises against Bitcoin ETFs
  • Baby boomers with Defined Contribution pension plans are particularly vulnerable compared to previous generations with guaranteed payout plans
  • Bitcoin’s price has dropped 1.2% over the past week, while the broader cryptocurrency market has declined 11.5%

Robert Kiyosaki, the author of bestselling book “Rich Dad Poor Dad,” has issued a stark warning about a market crash that he believes has already begun. The financial educator claims this downturn could wipe out the retirement savings of millions of baby boomers worldwide.

Kiyosaki shared his concerns on social media platform X on March 8. He stated that the stock market collapse he predicted in his 2014 book “Rich Dad’s Prophecy” has now come true.

The author points out that U.S. baby boomers are in a dangerous position. They are the first generation to rely mainly on Defined Contribution pension plans like 401(k)s and IRAs instead of Defined Benefit plans.

This difference is critical during market downturns. Defined Benefit plans guarantee a set payout regardless of market conditions. In contrast, Defined Contribution plans only provide what the individual has contributed.

These funds can be completely wiped out during market crashes. Kiyosaki believes this structural weakness has left millions of retirees financially exposed.

To protect wealth in this environment, Kiyosaki recommends moving away from paper assets. He advises investors to buy and take physical possession of “real gold, silver, and bitcoin.”

Kiyosaki has been vocal about increasing his Bitcoin investments. His interest grew especially after President Donald Trump issued an executive order creating a strategic Bitcoin reserve.

The financial author expects other world leaders to adopt similar policies. He predicts the Trump administration will buy Bitcoin to help stabilize the U.S. economy.

Real vs. Fake: Kiyosaki on ETFs

However, Kiyosaki makes a clear distinction between owning actual Bitcoin and investing in Bitcoin ETFs (Exchange-Traded Funds). He strongly advises against ETFs of any kind.

“I would never buy gold, silver, or bitcoin ETFs,” Kiyosaki stated. He believes ETFs are “as fake as the U.S. dollar and U.S. bonds.”

This position comes from his long-standing criticism of the traditional financial system. Kiyosaki has frequently criticized Wall Street, fiat currency, and investment products he views as misleading.

The author suggests that a lack of financial education leaves most people vulnerable. He argues that schools don’t teach how money really works.

This knowledge gap leaves investors trusting traditional financial products that may not serve their best interests. Kiyosaki sees this as a system designed more for institutions than individuals.

Recent market data shows Bitcoin’s price has dropped 1.2% over the past week. The broader cryptocurrency market has seen an even larger decline of 11.5%, according to CoinGecko.

Bitcoin Price on CoinGecko
Bitcoin Price on CoinGecko

Despite these short-term price movements, Kiyosaki remains firm in his belief. He continues to advocate for ownership of real assets rather than paper representations as the best way to protect wealth during uncertain economic times.



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