Robert Kiyosaki, author of the bestselling book “Rich Dad Poor Dad,” forecasts an upcoming economic downturn. After this crash, he expects a big market boom, during which Bitcoin could hit $10 million per coin, gold could reach $15,000 per ounce, and silver could go up to $110 per ounce. Based on patterns we’ve seen in the past, he believes this cycle will happen because people are losing trust in traditional currencies.
Robert Kiyosaki Forecasts Economic Crash Followed by Bull Market: Advises Opportunistic Buying
Robert Kiyosaki, co-author of the renowned book “Rich Dad Poor Dad,” recently made a bold prediction on social media platform X. He cautioned about an impending economic crash, followed by a substantial bull market. “Rich Dad Poor Dad,” penned by Kiyosaki and Sharon Lechter in 1997, has been a New York Times Best Seller for over six years, with sales exceeding 32 million copies. in 51 languages across 109 countries.
The famous author warned that technical charts show the “biggest crash in history” is coming, which will cause the prices of real estate, stocks, bonds, gold, silver, and bitcoin to drop significantly. Even with this gloomy prediction, Kiyosaki found a bright side. He suggested that the downturn will create buying opportunities, with a major long-term bull market expected to start in late 2025. He wrote, “Good time to buy bargains will follow,” and explained further:
Technical charts indicate major long term bull market cycle will follow …. starting bull market climb in late 2025, raising prices for years. This bull market cycle is the boom gold, silver, & bitcoin investors have been waiting for.
“Their patience will be rewarded. This is the long-term bull market cycle they knew had to come,” he suggested.
Kiyosaki believes this cycle is inevitable because the U.S. is the largest debtor nation, and people are losing trust in fiat currencies. He compares it to past events like the collapse of Germany’s Reichsmark and Zimbabwe’s dollar, suggesting a repeating pattern where people lose faith in traditional money. “They know this long cycle bull market is coming because they know faith and confidence in ‘FAKE’ money is dissolving … They know more and more people are finally waking up,” the famous author emphasized. He often calls fiat currencies, including the U.S. dollar, “fake money.”
He continued: “They know … after the crash … the long cycle bull market for gold, silver, and bitcoin will begin. They know, after the crash … gold, silver, bitcoin will once again begin climbing to hit all-time highs.” Kiyosaki foresaw:
Gold possibly $15,000 an ounce. Silver possibly $110.00 an ounce. Bitcoin easily to $10 million per coin.
The famous author encouraged investors to be patient, assuring them their persistence will pay off as these assets soar to new heights after the crash.
FAQs
Who is Robert Kiyosaki?
Robert Kiyosaki is a well-known American businessman, author, and motivational speaker. He is best known for his book “Rich Dad Poor Dad,” which advocates for financial independence and education through investment in assets, real estate investing, starting and owning businesses, as opposed to traditional methods like saving money and getting a job. Kiyosaki often shares his views on personal finance, investing, and entrepreneurship through his books, seminars, and various media platforms. His ideas have influenced many people looking to achieve financial success and independence.
What other books has Robert Kiyosaki written?
Apart from “Rich Dad Poor Dad,” Kiyosaki has authored numerous other books, including “Cashflow Quadrant,” “The Business of the 21st Century,” “Rich Dad’s Guide to Investing,” and “The Real Book of Real Estate,” among others.
Is Robert Kiyosaki a real person?
Yes, Robert Kiyosaki is a real person. He was born on April 8, 1947, in Hawaii, USA.
Is Robert Kiyosaki’s advice controversial?
Some of Kiyosaki’s financial advice, especially his views on education, investing, and debt, has sparked debate and criticism from financial experts and educators.
Does Robert Kiyosaki own Bitcoin?
Yes, Robert Kiyosaki has publicly stated that he owns Bitcoin. He sees it as a hedge against inflation and believes in its potential as a store of value.owns Bitcoins worth $3.3 million as of February 2024.
When did Robert Kiyosaki start talking about Bitcoin?
Kiyosaki began discussing Bitcoin publicly around 2017, when the cryptocurrency gained significant attention during its price surge. Moreover, Kiyosaki views Bitcoin positively and often compares it to gold, advocating for it as a safe haven asset and a hedge against fiat currency devaluation.
Has Robert Kiyosaki invested in other cryptocurrencies?
While Bitcoin is prominently mentioned in his discussions, Kiyosaki has not publicly disclosed investments in other cryptocurrencies to the same extent.
Has Robert Kiyosaki invested in other cryptocurrencies?
Robert Kiyosaki primarily discusses Bitcoin in his public statements and writings. While he is a vocal supporter of Bitcoin, there is limited public information about his investments in other cryptocurrencies. Kiyosaki’s focus remains largely on Bitcoin as a potential hedge against inflation and a store of value similar to gold, aligning with his broader investment strategy of diversifying assets.
Does Robert Kiyosaki forcasted recommend investing in Bitcoin?
Robert Kiyosaki has advocated for considering Bitcoin as part of an investment portfolio. He often recommends diversifying investments to include assets like real estate, precious metals, and cryptocurrencies such as Bitcoin. Kiyosaki views Bitcoin as a hedge against the depreciation of fiat currencies and believes it can play a role in protecting wealth in times of economic uncertainty.
What impact has Robert Kiyosaki’s endorsement had on Bitcoin’s popularity?
Robert Kiyosaki’s endorsement of Bitcoin has been influential in raising awareness and increasing its popularity among his followers and beyond. As a well-known financial educator and author of “Rich Dad Poor Dad,” Kiyosaki’s support carries weight in the investment community. His endorsement has contributed to broader acceptance of Bitcoin as a legitimate asset class and has encouraged more people to consider including it in their investment strategies.
Is Robert Kiyosaki involved in Bitcoin trading or mining?
While Robert Kiyosaki publicly supports Bitcoin as an investment, there is no indication that he engages in Bitcoin trading or mining activities. His role is primarily that of an investor and educator advocating for Bitcoin’s potential benefits as part of a diversified investment portfolio.