Robert Kiyosaki, of Rich Dad Poor Dad fame, has long warned investors about an impending financial restructuring. The recent collapse of the cryptocurrency market seems to validate his forecast.
On October 10, US President Donald Trump announced a 100% tariff on imports from China. This policy change caused a sudden drop in digital assets, with over $19 billion in leveraged cryptocurrency positions liquidated in just 24 hours. Analysts describe this as one of the most dramatic sell-offs in the short history of cryptocurrency trading.
Following the market turmoil, Kiyosaki posted on X to remind his followers that he had been warning of a market slowdown earlier this year. He continues to advise against holding large sums of fiat money, arguing that inflation decreases its value over time. Instead, he recommends investing in tangible assets like gold, silver, and Bitcoin.
REMINDER: I predicted the greatest crisis in world history was coming in my book The Rich Dad Prophecy. That collapse will occur this year.
Baby boom retirements are going to disappear. Many boomers will become homeless or live in their children’s basement. Sad.
REMINDER: I have… – Robert Kiyosaki (@theRealKiyosaki) October 11, 2025
Kiyosaki also highlighted Ethereum as a promising investment. He believes that ETH and silver are undervalued assets that combine long-term stability with practical applications. Making a comparison, he compared Ethereum’s utility in decentralized finance (DeFi) to silver’s industrial and store-of-value functions.
Ethereum, which had recently been trading above $4,700, fell sharply in the recent crash, falling to $3,807.91 according to Kraken. The Ethereum network remains central to several DeFi platforms, including Maple Finance and Relay, and maintains its importance despite market volatility.
The author also urged investors to consider the perspectives of both critics and supporters of Ethereum to fully understand its risks and opportunities before making decisions.
Meanwhile, Bitcoin has remained highly volatile, trading at $111,521.44 at the time of writing, indicating continued uncertainty but persistent interest among digital currency holders.