Robert Kiyosaki, a strong proponent of Bitcoin, known as the author of the classic book on personal money management, “Rich Dad, Poor Dad,” often predicts coming catastrophes in the financial markets. Today, on X/Twitter, he issued a similar prediction, urging his followers to start buying Bitcoin.
Robert Kiyosaki, a strong proponent of Bitcoin, known as the author of the classic book on personal money management, “Rich Dad, Poor Dad,” often predicts coming catastrophes in the financial markets. Today, on X/Twitter, he issued a similar prediction, urging his followers to start buying Bitcoin.
“The biggest bubble explosion in history is approaching,” according to Kiyosaki
Kiyosaki, whom many consider a guru in the financial sphere, posted a tweet in which he referred to the baby boom generation and said that the “biggest bubble in history” will wipe out their wealth. He believes this is due to “weak” 401k retirement plans.
Without giving details on how he sees this happening in the future, Kiyosaki only mentioned that “the stock market will crash.” Another reason he has frequently mentioned in previous tweets is that the US government continues to print “fake US dollars,” thereby devaluing the US fiat currency.
This printing policy began in 2020, when the pandemic hit the world, with economies under lockdown and governments, starting with the United States, beginning to print money to support the population and large companies. In that year alone, more than $6 trillion came off the Federal Reserve’s press.
In 2023, several large banks, including Silicon Valley Bank, Signature Bank, and Silvergate Bank, collapsed and the Federal Reserve again printed massive amounts of dollars to bail them out.
Bitcoin at $300,000, according to Kiyosaki
In his tweet, writer and investor Kiyosaki urged the community to buy “real assets”: gold, silver and Bitcoin. “Now is the time to be realistic,” he stated in his publication, recommending that his followers buy them “before the biggest bubble in history bursts.”
Many times in his tweets he has called on the community to accumulate these three assets (he insisted that gold and silver must be purchased in the form of physical assets, such as bars, coins, etc.). Admitting the crucial importance of the upcoming halving event for Bitcoin, Kiyosaki issued a mega bullish prediction that the world’s flagship cryptocurrency will be able to rise above the $300,000 price level this year. Before that, he set a target for BTC at $100,000 by June.
Today Bitcoin skyrocketed to a new ATH above $71,000.
