Robert Kiyosaki, author of Rich Dad Poor Dad, posted a new warning on March 15 saying a financial crash is getting worse. He pointed to stress in private credit markets and said major banks are struggling.
He also cited economist Jim Rickards, who he said has formally declared the US is in a “New Depression.”
Kiyosaki said he responded by spending millions of dollars last week. He bought more oil wells, gold, silver, and Bitcoin.
He also said he is continuing to buy Ethereum alongside the other assets.
Kiyosaki brought up Warren Buffett’s current approach of holding large cash reserves. He described it as a strategy to stay liquid and buy assets cheaply during a downturn.
But he was clear that his own approach is different. He said he is putting cash into hard assets rather than holding it.
For people unsure what to do, Kiyosaki offered simple advice. He said if someone has no plan, doing nothing may be the smartest move during a crash.
He also pointed to geopolitical tensions in the Middle East as a factor. He said ongoing attacks on oil tankers in the Strait of Hormuz are pushing up oil prices, which benefits his Texas oil wells.
Kiyosaki has been public about buying Bitcoin for several years now. He often groups it with gold and silver as a “real asset” because of its fixed supply of 21 million coins.
He has said on multiple occasions he believes Bitcoin is a better investment than gold. He also says market downturns are good times to buy more of it.
His Bitcoin statements have drawn criticism for being inconsistent. In one post he claimed he never bought Bitcoin above $6,000, but other posts showed him buying at much higher prices.
Despite the controversy, he has continued to publicly back Bitcoin and Ethereum as part of his strategy.
He said he believes prices of gold, silver, and Bitcoin will go up after a major crash. He added that he could be wrong, but remains confident in his positioning.
Kiyosaki first predicted what he called a “giant crash” in his 2013 book Rich Dad’s Prophecy. He has been repeating that warning with more frequency heading into 2026.
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