Financial expert Robert Kiyosaki, author of "Rich Dad Poor Dad," recently addressed his followers on the X platform about the current market conditions.
Despite the market downturn, Kiyosaki sees opportunities for wealth creation. He pointed out the recent declines: the Dow Jones fell by 600 points, the Nasdaq dropped 2.4%, and the S&P 500 decreased by 6% from its recent high.
Kiyosaki reminded his 2.1 million followers that he had been predicting this market drop for years and now advises taking advantage of lower asset prices.
He emphasized a principle from his book, suggesting that economic downturns are prime times for the wealthy to acquire assets cheaply and increase their wealth.
In June, Kiyosaki made a notable prediction in the cryptocurrency sector, forecasting that Bitcoin could soar to $350,000.
He described this as his goal rather than a prediction and mentioned his investments in Bitcoin, Ethereum, and Solana.
Kiyosaki has consistently critiqued U.S. economic policies since 2020 and cites the growing national debt, now at $35 trillion, as a key reason for his optimistic cryptocurrency outlook.
In the next five years, government prosecutors and tax agencies are expected to utilize artificial intelligence to analyze blockchain data for crime detection, according to Chainalysis CEO Michael Gronager.
U.S. Congressman Warren Davidson has vocally criticized SEC Chair Gary Gensler, accusing the SEC of deliberately hindering Bitcoin ownership.
A U.S. district court has dismissed a lawsuit filed by Consensys Software Inc. against the Securities and Exchange Commission (SEC).
The Bank of Japan (BOJ) has opted to keep interest rates steady at 0.25%, leading to a sharp rise in the Nikkei index, which jumped over 700 points.