finbold.com
Robert Kiyosaki, a prominent investor and the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ took to X on the evening of July 3 to deliver a message of doom and a message of hope.
According to the Finfluencer, ‘technical charts’ are indicating that the ‘biggest crash in history’ and that the value of assets across the board – stocks, real estate, commodities, and cryptocurrencies including Bitcoin (BTC) – will soon collapse.
The warning fits within Kiyosaki’s more long-standing claims that the current system is highly unstable and is set to collapse.
While some other prominent experts have likewise been cautioning that a recession may be in the cards – particularly as many of them consider the ongoing artificial intelligence (AI) boom has created a large bubble – the author has historically been most critical of fiat currencies.
Indeed, Kiyosaki took the opportunity in the July 3 post to criticize what he frequently calls ‘fake money’ by simply stating that is well-known what had happened to ‘Germany’s Reichsmark’ – the notoriously unstable currency of the Weimar Republic – and the Zimbabwe dollar – another currency known for suffering hyperinflation.
Kiyosaki predicts a great boom after the greatest bust
Kiyosaki also – particularly when discussing fiat currencies – praised Bitcoin, gold, and silver investors, claiming they will be ‘rewarded’ for their prudence.
Indeed, in the very same post, the author also stated that the ‘technical charts’ are not only indicating that a major crash is imminent, but also that a great recovery will come after.
As is usually the case, Kiyosaki proved particularly bullish about Bitcoin, gold, and silver. He not only explained that recovery may be underway by late 2025 but also set very optimistic price targets for his favored assets.
BOOM GOiNG BUST:
— Robert Kiyosaki (@theRealKiyosaki) July 3, 2024
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…
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. Bitcoin price today stands at $58,077, gold is at $2,355, and silver is valued at about $30.
Featured image via Cavaleria Com YouTube
Buy stocks now with eToro – trusted and advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.