Robert Kiyosaki is not rattled by the selloff in precious metals and cryptocurrencies. The "Rich Dad Poor Dad" author says he added to his positions during the slump and would welcome another one.
"People panicked when gold, silver, Bitcoin crash. I bought more," Kiyosaki wrote on X on Nov. 4. "Can't wait for the next crash of gold, silver, Bitcoin."
Rather than treat falling prices as the central threat, Kiyosaki argued that the bigger danger lies in the scale of global debt, particularly in the United States, along with what he described as leaders unable to act on what needs doing and an education system that teaches nothing about money. He also renewed his long-standing attack on fiat currency, saying its purpose is to transfer wealth away from people who work for money.
His debt warning has a factual anchor. U.S. national debt has climbed past $40 trillion, and the federal deficit is projected to stay near $2 trillion this year.
Bitcoin's slide has been steep. The largest cryptocurrency traded at $76,786 on Oct. 31, down 8.23% for the month, according to CoinGlass data cited in the report, putting it on course for its weakest October in 12 years. October has historically delivered average gains above 26%. At that level, Bitcoin sat about 39% below its all-time high of $126,080 reached on Oct. 6, 2025.
A separate account put the drawdown at more than 40% from its 2026 peak, with the token hovering in the mid-$70,000s. Reuters technical analysis identified roughly $75,000 and the 200-day moving average near $73,188 as key downside levels.
Note: Bitcoin prices and percentage changes reflect figures reported as of Oct. 31 and early November 2026.
Gold and silver have also suffered sharp corrections following large rallies earlier in the year, leaving all three assets Kiyosaki favors under pressure at the same time.
That combination is precisely the environment the author says he prefers: elevated fear, declining prices and persistent anxiety over debt and monetary policy. In his framework, gold, silver and Bitcoin are not short-term trades but hedges against a system built on expanding borrowing and currencies that steadily lose purchasing power. A crash, by that logic, simply lowers the entry price for assets he already intends to hold.
The approach carries an obvious risk. Prices can always fall further, and the strategy requires tolerating deep drawdowns while maintaining a long-term thesis even as markets move the other way. Kiyosaki has made the same case for years, repeatedly urging followers to own gold, silver, Bitcoin and selected real estate as protection against inflation and the erosion of cash savings.
For investors, the comments land at a moment when the crypto market is testing whether the October weakness is a pause or the start of a deeper decline. Long-term holders may read the gap from the record high as an opportunity, while those who bought near the top face a far more uncomfortable position.
