As a seasoned investor and follower of Robert Kiyosaki, I find his recent market analysis both intriguing and validating. Having read “Rich Dad Poor Dad” years ago, I can still recall the wisdom imparted by Kiyosaki’s rich dad character: buy low and sell high. The current market downturn, as unsettling as it may seem, presents an opportunity for those with a long-term vision and the ability to think beyond the short-term turbulence.
Robert Kiyosaki, a renowned investor, entrepreneur, and author of the widely-read “Rich Dad Poor Dad” book about financial literacy, recently shared a significant market update with his many fans via the X platform.
While they are crashing, he still sees an opportunity for investors and entrepreneurs.
“Stock market crashes. This is your turn to get richer”
Robert Kiyosaki announced on Twitter that a stock market downturn has started. Last Friday, the Dow Jones index dropped by approximately 600 points, the Nasdaq fell by about 2.4%, and the S&P 500 decreased by around 6% from its recently set record high.
Robert Kiyosaki, with a following of 2.1 million on X (previously known as Twitter), recently reiterated predictions he’d made in numerous tweets throughout the past years – warnings about an impending crash that he’s been vocalizing for quite some time now, as author of “Rich Dad Poor Dad”.
Many have predicted…the stock market downturn has occurred, resulting in significant losses. However, it’s worth noting that during such market crashes, as rich dad taught his son and me, the wealthy tend to grow wealthier – they take advantage of buying assets at rock-bottom prices. In simpler terms, when markets are falling, it can be an excellent opportunity for savvy investors.
— Robert Kiyosaki (@theRealKiyosaki) August 2, 2024
He advised that we should seize the opportunity to become wealthy by purchasing assets at low costs, as he thinks this chance has arisen now. He acknowledged that the losses experienced by numerous investors and businesses currently are significant.
In his previously mentioned work, he asserted that during market downturns, it’s typically the wealthy who amass more wealth, a lesson he learned from his ‘rich dad.’
Bitcoin to $350,000 in August
In June’s early days, Robert Kiyosaki astonished the crypto sphere with a bold prediction about how high he thinks major cryptocurrencies will soar in 2021. Via Twitter, Kiyosaki stated that Bitcoin could reach an astounding $350,000 mark this year.
Robert clearly stated that what he referred to wasn’t a prophecy but rather a goal, an aspiration, and a desire. Interestingly, he also disclosed that he was not only investing in Bitcoin but also prominent altcoins, specifically Ethereum and Solana.
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2024-08-03 11:11