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.
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.
The landscape of generative AI patents reveals a striking dominance of Chinese companies, showcasing the rapid growth and active research in artificial intelligence within the country.
Interest in Real World Assets (RWA) within the cryptocurrency sector is experiencing a notable upswing, reflecting broader trends in the digital economy.
CertiK Ventures, the investment arm of the prominent blockchain security firm CertiK, is spearheading efforts to boost Web3 innovation with a significant $45 million funding initiative announced on September 19.