Robert Kiyosaki, author of the popular book “Rich Dad Poor Dad” and others, warns in a letter On “X” (Twitter) To a massive financial collapse.
According to Kiyosaki, this collapse will be the largest ever and will lead to the collapse of real estate, stocks, bonds, gold, silver, and Bitcoin (BTC). What exactly is this based on?
Biggest Bitcoin Crash Ever?
Kiyosaki points to the continued devaluation of fiat currencies due to central bank policies as the main reason for the impending collapse. Kiyosaki bases his predictions on “technical charts,” although he offers no further explanation for this statement.
“The technical charts are pointing to the biggest crash ever. Real estate, stocks, bonds, gold, silver, and Bitcoin will all crash. Good news: The right time to buy will come,” Kiyosaki said.
So, despite his short-term concerns, the author is optimistic about the long-term prospects of Bitcoin, silver, and gold. He expects a major bull market for these assets after their alleged collapse.
Rising inflation and economic uncertainty are said to be the reasons behind this bull market. Some of his price targets for this bull market: Bitcoin to $10 million and gold to $15,000 per ounce.
Hyperinflation Coming?
In his post on X, Kiyosaki says investors will finally be rewarded for their patience.
“They know that a long bull market is coming because they know that trust and faith in ‘fake money’ is disappearing. They know that history will repeat itself. They know what happened to the German Reichsmark and the Zimbabwean dollar,” Kiyosaki said, referring to past hyperinflations.
According to him, this will also happen to the US dollar. This is not the first time that Kiyosaki has sounded the alarm and criticized central banks and the financial system in general. A few weeks ago, he called Bitcoin ETFs “fake.” He recommends investing in direct assets instead of derivatives. He sees investing in gold, silver and Bitcoin as a necessity to ensure financial security.
But how seriously should we take Kiyosaki’s statements? He doesn’t give a specific timeline for the expected collapse. His previous statements have often turned out to be incorrect and were mainly intended to be sensational. In April, he predicted that Bitcoin would hit $2.3 million, but now he’s suddenly warning of a collapse. Only time will tell if his predictions will come true.
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