Robert Kiyosaki, a renowned investor and the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ addressed a global audience on X on the evening of July 3, delivering both a grim warning and a message of optimism. According to the influential financial commentator, technical indicators suggest an impending “largest crash in history,” affecting the values of various assets such as stocks, real estate, commodities, and cryptocurrencies including Bitcoin (BTC).
This cautionary note aligns with Kiyosaki’s persistent assertion that the current economic framework is highly fragile and on the brink of collapse. While other experts have also hinted at a looming recession, fueled in part by the perceived bubble in artificial intelligence (AI), Kiyosaki has remained particularly critical of fiat currencies.
In his recent discourse, Kiyosaki pointedly referred to ‘fake money,’ drawing parallels to historical examples like Germany’s Reichsmark during the Weimar Republic and the Zimbabwe dollar, both infamous for their severe instability and hyperinflation.
Despite these dire predictions, Kiyosaki expressed confidence in assets like Bitcoin, gold, and silver, advocating that savvy investors will be duly rewarded for their foresight. He highlighted that beyond the anticipated crash, the technical charts also indicate a significant recovery phase.
Indeed, Kiyosaki’s optimism extends particularly towards Bitcoin, gold, and silver. He not only suggested that recovery could begin by late 2025 but also set ambitious price targets for these favored assets.
According to Kiyosaki’s projections, the next bullish cycle could propel Bitcoin to $10 million per coin, lift gold prices to $15,000, and boost silver to $110. As of now, Bitcoin is trading around $58,077, gold at $2,355, and silver approximately $30.
In a tweet on July 3, 2024, Kiyosaki summarized his outlook: “BOOM GOING BUST: 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…”
Kiyosaki’s insights continue to provoke thought and debate among investors globally, prompting reconsideration of investment strategies amidst uncertain economic landscapes.
[Featured image via Cavaleria Com YouTube]
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