Robert Kiyosaki warned of a collapse in the market and gave a risky forecast for Bitcoin

Robert Kiyosaki warned of a collapse in the market and gave a risky forecast for Bitcoin

December 14, 2024 – 10:38

The guru author of “Rich Dad, Poor Dad” predicted an imminent global economic crisis and recommended taking refuge. Regarding Bitcoin, he said that the cryptocurrency will fall and then rebound strongly.

Bitcoin reached a new historical maximum by exceeding US$100,000, consolidating itself as a key asset in the financial landscape. In this context, Robert Kiyosakiauthor of “Rich Dad, Poor Dad,” issued a strong message on social media aimed especially at “boomers,” warning of a imminent economic crisis.

Kiyosaki noted that this generation, which led real estate and stock markets during the 1970s, now faces the risk of significant losses. According to their analysis, the boomers could be the biggest hit if stock market crashes. In his message, he encouraged this group to sell assets such as houses, stocks and bonds while prices remain high, and to invest in gold, silver and bitcoin as safe havens before the crash.

The economist also warned younger people: “If you are the child of a boomer, help them make proactive decisions to avoid bankruptcy.”

Bitcoin on Kiyosaki’s radar

Although Kiyosaki predicts a temporary crash of bitcoin to $60,000, he sees this as a buying opportunity. “BTC will be ‘on sale’. “I will buy more,” he said, adding that he expects the cryptocurrency to reach $250,000 in 2025. For him, the current price is less important than the accumulated amount.

Bitcoin, Trump and market optimism

The rise of bitcoin occurs in a climate of optimism towards cryptocurrencies, reinforced by the recent victory of Donald Trump in the US presidential elections, which anticipates a more favorable regulatory environment for the sector.

Kiyosaki’s recommendation underscores the importance of diversifying investments and being prepared for possible economic shocks in an uncertain global outlook.

Source: Ambito

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