In a startling message, renowned investor and author Robert Kiyosaki, best known for his bestselling book “Rich Dad Poor Dad,” has sounded the alarm on an impending financial catastrophe. According to Kiyosaki, technical charts are indicating that the “biggest crash in history” is imminent, with the value of assets across the board – including stocks, real estate, commodities, and even cryptocurrencies like Bitcoin (BTC) – set to collapse.
BOOM GOiNG BUST:
Technical charts indicate biggest crash in history coming. Prices of real estate, stocks, bonds, gold, silver, & Bitcoin crash.
GREAT NEWS: Good time to buy bargains will follow.
Technical charts indicate major long term bull market cycle will…
— Robert Kiyosaki (@theRealKiyosaki) July 3, 2024
The Warning and the Rationale
Kiyosaki’s warning fits within his longstanding claims that the current financial system is highly unstable and destined for a major collapse. While other prominent experts have also cautioned about the possibility of a recession, particularly in light of the ongoing artificial intelligence (AI) boom creating a large bubble, Kiyosaki has been particularly critical of fiat currencies, which he frequently refers to as “fake money.”
In his recent post, Kiyosaki drew a comparison to the notoriously unstable currency of the Weimar Republic, the Reichsmark, and the Zimbabwe dollar, both of which suffered from hyperinflation.
Praise for Bitcoin, Gold, and Silver
Amidst his grim forecast, Kiyosaki expressed optimism for investors in Bitcoin, gold, and silver, stating that they will be “rewarded” for their prudence. He not only predicted that a great recovery will come after the impending crash, but also set very optimistic price targets for his favored assets.
According to Kiyosaki, the next bull market may see Bitcoin reach $10 million per coin, gold rise as high as $15,000, and silver hit $110.
The Bigger Picture
Kiyosaki’s warning reflects his long-standing concerns about the stability of the current financial system and his belief in the potential of alternative assets like Bitcoin, gold, and silver to weather the storm. As the cryptocurrency market continues to evolve, investors will be closely watching to see if Kiyosaki’s predictions come to fruition.
