Robert Kiyosaki, the author of book popular among the personal finance world, Rich Dad Poor Dad, has been a polarizing figure. His straightforward advice to readers about building wealth and financial literacy has earned him many fans who like his predictions of doom and gloom and his controversial opinions.

Kiyosaki is known for his disdain of fiat currency and has frequently dismissed it as “fake money,” but he’s also long called for gold, silver and cryptocurrencies in general, most notably Bitcoin (BTC), as means of hedging against economic instability. Over the years his bullish stance on these assets has attracted both praise and skepticism.

Kiyosaki’s $1.2 Billion Debt and 2024 Portfolio Triumph

Kiyosaki’s portfolio has continued to be under fire for accumulating around $1.2 billion in debt yet its 76.03 percent return in 2024 was nothing short of waves. Strong investment in the currencies like Solana (SOL), Ethereum (ETH) and Bitcoin were the drivers of this impressive performance. 

Despite that, controversy always seems to follow him around and his ability to correctly predict market crashes is hardly sterling. In books such as Rich Dad’s Prophecy, Kiyosaki predicted the ‘biggest stock market crash in history would hit sometime around 2016 fuelled by the mass age retirement of the Baby Boomers. 

That crash never materialized. Kiyosaki has changed his predictions so much since then 2020, then 2022 and they don’t appear to be coming true. He is betting now on a fresh crash in February 2025; he is telling investors to prepare for impact.

Then on January 27, 2025, Kiyosaki warned his followers on social media platform X (formerly Twitter). He predicts a huge stock and bond market sell off, with billions moving into Bitcoin to chase other alternatives, he said. 

Though he knows there is a crash coming, his attitude is not at all negative. I would say a crash, everything goes on sale, he said, advising followers to see a collapse as an opportunity to buy assets on the cheap.

Criticism of Kiyosaki’s Misleading Predictions

Kiyosaki also advocated for investing in gold and silver, which he said were good stores of value just like Bitcoin. Others insist that his posts can mislead and some say his record of wrong predictions about events makes his posts misleading.

While Bitcoin is indirectly being aided by Kiyosaki’s new slogan, his track record of failing market predictions into stones calls into question his credibility. His earlier warnings including 2002 prophecies and later crash predictions didn’t play out. While his enthusiasm for Bitcoin will resonate with certain investors his propensity towards hyperbolic forecasting negates this entire reliability.

However, Kiyosaki’s presence cannot be denied, despite this. Whether his latest prediction proves accurate or becomes yet another missed call, one thing is certain: Robert Kiyosaki’s voice will keep on inspiring you in the ever-changing world of finance.