Indeed, the renowned investor and author of the bestselling personal finance book "Rich Dad Poor Dad" made a post on X on Sunday evening, starting with the words: "A brutal market crash is upon us."
Supporting his observation, Kiyosaki pointed to the performance of various high and low-risk assets, but in his characteristic style, urged his followers not to despair — "don't be a loser" — and to "stay calm."
The well-known author describes crashes as "sales," explaining that crises and recessions are the best times to get rich.
The logic behind the call to buy is sound. For instance, $1000 invested in the S&P 500 index at the bottom of the Great Recession would now be worth $7989.4. Similarly, $1000 invested in Bitcoin (BTC) at the end of 2022 would be valued at $5588.24, as BTC surged from around $16,000 to $95,490.