{"id":77217,"date":"2025-10-13T07:07:10","date_gmt":"2025-10-13T07:07:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/77217\/"},"modified":"2025-10-13T07:07:10","modified_gmt":"2025-10-13T07:07:10","slug":"rich-dad-poor-dad-authors-market-crash-prediction-comes-true","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/77217\/","title":{"rendered":"‘Rich Dad Poor Dad’ author\u2019s market crash prediction comes true"},"content":{"rendered":"\n

“Rich Dad Poor Dad” author Robert Kiyosaki<\/a> had been warning for a long time that a market crash was coming and now his prediction has come true.<\/p>\n

After U.S.\u00a0President Donald Trump<\/a>\u00a0announced<\/a> on Oct. 10 that he will impose a 100% tariff on imports from China, the crypto market crashed violently. In fact, on-chain data showed<\/a> at one point that\u00a0more than $19\u00a0billion in leveraged positions had been wiped out within 24 hours.<\/p>\n

Related: What is Crypto? Cryptocurrency explained<\/a><\/p>\n

So far, the latest crypto sell-off is the worst in the rather short history of the digital assets market.<\/p>\n

A day after Trump’s announcement triggered the crypto crash,\u00a0the popular personal finance author reminded everyone in a long post on X<\/a>\u00a0how he had predicted this year’s crash long ago.<\/p>\n

Kiyosaki reminded\u00a0everyone\u00a0that he has been warning people to not save printed assets because inflation turns fiat money into “trash.” Instead, people should invest in “real assets” like\u00a0gold, silver, and Bitcoin, he kept advising.<\/p>\n

Of late, he has also recommended Ethereum<\/a>. In fact, ETH and silver are his favorites today because these assets serve as stores of value, are used in industry, and are priced low, he explained.<\/p>\n

\"Donald Donald Trump and Robert Kiyosaki hold a press conference at Trump Tower on 5th Avenue 12 October 2006 for a book launching party for their new book titled “Why We Want You To Be Rich – Two Men – One Message”. <\/p>\n

While Bitcoin maximalists have often hailed it as the “digital gold,” Kiyosaki has now drawn a comparison between Ether and silver.<\/p>\n

ETH, which had been trading well above the $4,700 price mark only a few days ago, crashed violently during the crash. As per Kraken’s price feed<\/a>, it was exchanging hands at $3,807.91 at the time of writing.<\/p>\n

The Ethereum blockchain network forms a strong pillar of the decentralized finance (DeFi) infrastructure as several leading finance platforms like\u00a0Maple Finance and\u00a0Relay\u00a0are built over it.<\/p>\n

Kiyosaki nonetheless asked his followers to listen to both\u00a0haters and lovers of Ethereum to understand its pros and cons before making an investment decision.<\/p>\n

Bitcoin, meanwhile, was trading<\/a> at $111,521.44 at press time.<\/p>\n

Disclaimer: The information provided here is for general informational purposes only and should not be considered financial advice. You should consult with a licensed financial advisor before making any investment or financial decisions.<\/p>\n

This story was originally reported by TheStreet<\/a> on Oct 12, 2025, where it first appeared in the Business News<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“Rich Dad Poor Dad” author Robert Kiyosaki had been warning for a long time that a market crash…\n","protected":false},"author":2,"featured_media":77218,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,39749,969,113,61,60,50618,50617,50619,50616,7604],"class_list":{"0":"post-77217","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-digital-assets","10":"tag-donald-trump","11":"tag-economy","12":"tag-ie","13":"tag-ireland","14":"tag-market-crash","15":"tag-real-assets","16":"tag-rich-dad","17":"tag-rich-dad-poor-dad","18":"tag-robert-kiyosaki"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/77217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=77217"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/77217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/77218"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=77217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=77217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=77217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}