Rich Dad Poor Dad author just dropped a warning, 'millions will be wiped out, protect yourself with gold and crypto'

‘Millions will be wiped out,’ says Rich Dad Poor Dad author in new post

Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has issued a stark warning, claiming that a 'massive crash has begun' and that 'millions will be wiped out.'

In a post on X (formerly Twitter), Kiyosaki urged investors to safeguard their wealth through tangible and digital assets like silver, gold, Bitcoin, and Ethereum, saying these will 'protect you' as markets turn volatile.

“Silver, gold, Bitcoin, and Ethereum investors will protect you. Take care,” Kiyosaki wrote.

MASSIVE CRASH BEGININING: Millions will be wiped out. Protect yourself. Silver, gold, Bitcoin, Ethereum investors will protect you. Take care
— Robert Kiyosaki (@theRealKiyosaki) November 1, 2025

His post quickly went viral, drawing mixed reactions from the finance community — some agreeing that history points to an imminent crash, others dismissing his warnings as repetitive doomsaying.

Investors divided: Is this déjà vu or destiny?

Several users echoed Kiyosaki’s fears, pointing out that the Federal Reserve’s recent rate-cut cycle mirrors past pre-crash periods.

“Rate cuts have already started, just like in 2000, 2007, and 2020, right before markets plunged 49%, 56%, and 35%. This isn’t fearmongering; it’s history repeating,” one user wrote.

Another commented:

“Remember 2008? Experts said it was a blip while families lost homes. With $35 trillion in U.S. debt and non-stop money printing, this bubble’s ready to burst. I’ve been stacking silver and Bitcoin since 2020, it’s not protection, it’s freedom from fiat.”

But critics were quick to push back, with one user replying:

“Bob, you’ve been calling a crash every year. One day you’ll be right by probability. Markets rotate, they don’t vanish. Gold’s fine, but Bitcoin’s not a shield; it’s evolution.”

You have been predicting another crash from past 15 years 🤦🏻‍♂️ pic.twitter.com/WY6ezXz7V8— Rishabh Singhal 🟠 CryptoWaley (@rishabhsrishi) November 1, 2025

Bob, you’ve been calling a crash every year since forever… one day you’ll be right just by probability.But here’s the thing... markets don’t just crash, they rotate. Liquidity never dies, it just moves. While people panic, smart money quietly repositions into assets that…
— afsheenjaf 🇬🇧🇵🇰 (@afsheenjaf) November 1, 2025

Market backdrop: gold and crypto under pressure

Despite Kiyosaki’s call to hedge with precious metals and crypto, both asset classes have seen weakness in recent weeks.

Gold prices fell for the second consecutive week, dragged down by a stronger US dollar and improved global risk appetite. On the Multi Commodity Exchange (MCX), December gold futures dropped by Rs 2,219 (1.8 percent) last week to touch Rs 1,17,628 per 10 grams on October 28, marking one of the steepest intraday declines of the month.

Bitcoin, too, appears to be losing steam. The world’s largest cryptocurrency is down nearly 5 percent this month, sliding as low as $104,782 after hitting a record high above $126,000 earlier in October. Ethereum and other altcoins have followed similar trends, weighed down by cooling investor sentiment.

‘This isn’t new’: Kiyosaki’s long-running crash narrative

Kiyosaki, whose 1997 personal finance classic Rich Dad Poor Dad made him a global name, has long warned of a financial reckoning stemming from excessive debt, inflation, and central bank policies.

He argues that paper assets, like stocks and bonds, are 'fake money' vulnerable to systemic collapse, while real assets such as metals and cryptocurrencies provide insulation from fiat devaluation.

His latest comments echo previous warnings he made during the COVID-19 pandemic and again in 2022, when he predicted that “the biggest crash in world history” was imminent.

‘History doesn’t repeat, it rhymes’

A report by Cointraders.org quoted trader Jonesy, who noted that rate cuts often precede major market downturns.

“Rate cuts triggered the 2000, 2007, and 2020 crashes when markets fell up to 56%,” he said, suggesting that April’s lows could mark the start of a deeper slide.

With the Federal Reserve holding policy steady and global tensions rising, investors are hedging with gold, silver, and Bitcoin, even as all three show short-term weakness.

Bitcoin continues to hover above $108,000, but uncertainty dominates. Kiyosaki’s core message, however, remains unchanged:

“Don’t trust the system, build your own safety net.”