Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a stark warning: multiple asset bubbles are about to burst, and when they do, even traditionally trusted stores of value like gold, silver, and Bitcoin may collapse with them. “Bubbles are about to start busting,” Kiyosaki said on Monday. “Odds are gold, silver, and Bitcoin will bust too.”
This marks a sharp shift from his recent bullish tone. Just last week, Kiyosaki celebrated Bitcoin’s all-time high near $120,000, calling it “bad news” for those who failed to invest and saying, “They own nothing.” He also warned against greed, stating, “Pigs get fat, hogs get slaughtered. I am buying one more [Bitcoin]… and get fatter,” although he then clarified he wouldn’t buy any more until the economic outlook becomes clearer.
However, this latest warning contradicts his own July comments on X, where he criticized what he called “clickbait losers” who constantly predict Bitcoin’s collapse. At the time, he argued that these critics were simply trying to scare off speculators rather than making informed predictions.
Mixed Signals from Kiyosaki on Bitcoin
Robert Kiyosaki’s comments correlated with S&P 500 movements. Source: Brew Markets
Critics, including the market newsletter Brew Markets, have pointed out Kiyosaki’s long history of failed crash predictions. Meanwhile, concerns are growing around whether Bitcoin treasury strategies are entering bubble territory. Some analysts suggest a steep BTC price drop could lead to a “death spiral” for firms heavily exposed to Bitcoin.
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Others, like NFT collector Cape, emphasize that Bitcoin has been called a bubble every year since its inception and continues to follow a predictable four-year cycle. According to analysts, this cycle points toward a 2025 peak, with price targets ranging from $130,000 to $200,000. The CoinGlass bull market dashboard further supports this view, with none of its 30 indicators suggesting that the cycle top is near.