Overview
- In a Nov. 1 post on X, the Rich Dad Poor Dad author warned that millions could be wiped out and urged investors to seek protection in gold, silver, Bitcoin and Ethereum.
- Bitcoin hovered near $110,000 and Ethereum around $3,850 over the weekend, reflecting choppy trading and recent monthly declines reported across outlets.
- Coverage links his alarm to recent shocks including U.S. tariffs reported at up to 100% that coincided with Bitcoin falling from about $122,000 and nearly $19 billion in leveraged liquidations.
- Market tone was also shaped by Fed Chair Jerome Powell signaling a slower path for rate cuts, which coincided with pullbacks across risk assets.
- Despite turbulence, late‑October data show notable net inflows into Bitcoin and Ethereum ETFs from firms including BlackRock, Fidelity, and Ark & 21Shares, even as critics note Kiyosaki’s long record of unfulfilled crash calls.