‘Biggest in history’: Robert Kiyosaki warns of looming market crash

​Investor and author Robert Kiyosaki, renowned for his skepticism toward equity markets, has reiterated his warnings about a looming U.S. stock market crash, with key equity benchmarks experiencing significant declines this week. ​

The author of the classic personal finance book 'Rich Dad Poor Dad' shared his insights on the current state of the stock markets across the globe, while warning that the current financial downturn could even be worse than the 1929 market crash, which had ultimately led to the Great Depression. "THE EVERYTHING BUBBLE is bursting," Kiyosaki wrote on X, adding, "I am afraid this crash may be the biggest in history."

Kiyosaki is known for his skepticism towards equity markets, and has time and again warned about an impending global market crash, while asking people to stick to gold, silver or real estate, and now Bitcoin as well.

On X, he said Germany, Japan, and America have been the engines up to now. Predicting a "giant crash", Kiyosaki held "incompetent leaders" responsible for the "trap".

Citing his book Rich Dad's Prophecy, Kiyosaki asked people not to panic in the event of a market crash and look for opportunities. "This crash is going to be bigger than the 1929 Crssh…. A crash that led to the Great Depression. It is normal to be disturbed and fearful…. Just do not panic. Be stoic, which means keep your cool, take deep breaths, keep your eyes wide open and mouth shut."

He said while millions will be crushed…"You do not have to be one of them". He said the upcoming downturn could bring an opportunity for many. "In 2008, I waited…letting the panic and dust settle and then started to look for great real assets on sale…. At deep discounts. Simply said, this crash the world is going through…..just might be the opportunity of your lifetime."

He asked investors to be "stoic" and "cool" no matter how turbulent things get, adding that "I will continue to acquire real estate, gold, silver and Bitcoin….on sale."

​The stock markets in the US this week witnessed major declines in the wake of uncertainty over U.S. President Donald Trump’s tariff plans and looming fear of recession in the world’s largest economy. The key benchmark S&P 500 recorded about 2.7% on Monday, its biggest daily drop since December 2024. Dow Jones Industrial Average and Nasdaq also fell 2.1% and 4%, respectively. The overall downturn has led to over $4 trillion in market value loss, the last peak seen by the S&P 500 index on February 19, 2025.

On March 9, 2025, too, Kiyosaki had issued a warning, saying that the biggest stock market crash he predicted had arrived. He highlighted the vulnerability of defined contribution (DC) pension plans, unlike defined benefit (DB) plans, which, as per him, guaranteed payouts. “Start by investing and taking possession of real gold, silver, and Bitcoin,” he said, while criticising ETFs, calling them “as fake as the US dollar and US bonds.”