There are new explanations from the investment legend. Robert Kiyosaki, the well-known author of the book “Rich Dad Poor Dad” shared his views. He makes bold predictions about the future of the US economy. Kiyosaki, one of the leading investors in Bitcoin and gold, draws attention to the atmosphere. His deteriorating economic situation expects a depression to follow. In a series of tweets, he urges his followers to stockpile Bitcoin and other hedging assets.
The investment myth: Signs of a severe stock market crash
According to Kiyosaki, numerous signs point to an impending severe stock market crash and the arrival of a depression. He explains as an entrepreneur who prefers to stay in control. Accordingly, he advises those who invest heavily in stocks and bonds, whose future depends on these markets, to be careful. Kiyosaki emphasizes the importance of seeking professional advice and diversifying assets to mitigate risks.
I do not play the stock or bond markets. As an entrepreneur I like my hands on control too much. Yet too many signs point to a severe stock market crash. If your future depends on stocks and bonds please be careful, possibly ask for professional advice. Afraid depression coming.
— Robert Kiyosaki (@theRealKiyosaki) July 17, 2023
On Twitter, Kiyosaki argues that the recent rise in the stock market is due to the removal of the US debt ceiling. He warns that while America’s wealth dwindles, individuals can still find opportunities to thrive. In this context, he encourages his followers to consider Bitcoin, gold and silver as potential investment vehicles.
https://twitter.com/theRealKiyosaki/status/16799158669340848129
The BRICS currency and the potential rise of Bitcoin
Kiyosaki expresses his concerns about the upcoming meeting of BRICS leaders and their plans to introduce a gold-backed trading currency. He points out that this move could result in trillions of unused US dollars flowing back into the US.
On the other hand, he thinks that this will cause significant inflation. He also believes it could cause a major economic collapse, potentially leading to a depression. Kiyosaki suggests that once this happens, Bitcoin’s value could likely skyrocket to $120,000 by the end of next year.
Kiyosaki’s continued warnings about the US dollar
Kiyosaki predicts that the US dollar will collapse since early 2020, mainly due to large injections of USD into the economy during the pandemic. Also, the constant printing of large amounts of USD by the US Federal Reserve is an argument he often uses in Bitcoin price predictions. As an investor and finance guru, Kiyosaki’s views draw attention. It also serves as a cautionary reminder of the risks associated with the current economic climate.
cryptocoin.com When we look at it as a whole, Robert Kiyosaki’s predictions about the upcoming stock market crash and the depression that will follow reveal his concerns about the US economy. It is striking that it supports Bitcoin as a hedge against economic turmoil. On the other hand, it highlights the growing interest in cryptocurrencies as alternative investment options. As investors navigate uncertain times, Kiyosaki’s views are important for assessing risks. It also serves as a reminder to diversify portfolios and consider assets beyond traditional markets.
