“Wealthy Dad Poor Dad” writer Robert Kiyosaki had been warning for a very long time {that a} market crash was coming and now his prediction has come true.
After U.S. President Donald Trump announced on Oct. 10 that he’ll impose a 100% tariff on imports from China, the crypto market crashed violently. In actual fact, on-chain knowledge showed at one level that greater than $19 billion in leveraged positions had been worn out inside 24 hours.
Related: What is Crypto? Cryptocurrency explained
To this point, the most recent crypto sell-off is the worst within the moderately quick historical past of the digital belongings market.
A day after Trump’s announcement triggered the crypto crash, the favored private finance writer reminded everybody in an extended post on X how he had predicted this 12 months’s crash way back.
Kiyosaki reminded everybody that he has been warning folks to not save printed belongings as a result of inflation turns fiat cash into “trash.” As a substitute, folks ought to spend money on “actual belongings” like gold, silver, and Bitcoin, he saved advising.
Of late, he has additionally really helpful Ethereum. In actual fact, ETH and silver are his favorites in the present day as a result of these belongings function shops of worth, are utilized in business, and are priced low, he defined.
Whereas Bitcoin maximalists have typically hailed it because the “digital gold,” Kiyosaki has now drawn a comparability between Ether and silver.
ETH, which had been buying and selling nicely above the $4,700 value mark just a few days in the past, crashed violently throughout the crash. As per Kraken’s price feed, it was exchanging fingers at $3,807.91 on the time of writing.
The Ethereum blockchain community varieties a powerful pillar of the decentralized finance (DeFi) infrastructure as a number of main finance platforms like Maple Finance and Relay are constructed over it.
Kiyosaki nonetheless requested his followers to hearken to each haters and lovers of Ethereum to grasp its execs and cons earlier than investing determination.
Bitcoin, in the meantime, was trading at $111,521.44 at press time.
Disclaimer: The data supplied right here is for basic informational functions solely and shouldn’t be thought-about monetary recommendation. You need to seek the advice of with a licensed monetary advisor earlier than making any funding or monetary choices.
This story was initially reported by TheStreet on Oct 12, 2025, the place it first appeared within the Business News part. Add TheStreet as a Preferred Source by clicking here.
