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"Billions of Dollars to Flow into Gold, Silver, and Bitcoin" Rich Dad Poor Dad author Kiyosaki predicts stock market crash
Robert Kiyosaki, the author of the best-selling book "Rich Dad Poor Dad," warned on X on the 2nd that there is a possibility of a market crash in stocks, bonds, and real estate from now until the summer of 2025.
As predicted in his past book "Rich Dad's Prophecy", he claims that the largest crash in history is imminent. Moreover, he indicates that if a crash actually occurs, tens of billions of dollars (hundreds of billions of yen) will flow into gold, silver, and cryptocurrency Bitcoin (BTC).
It's not the first time Kiyosaki has cited the "Rich Dad's Prophecy" to mention the possibility of a financial market crash. For example, on May 5, he posted on X that the stocks and bonds and real estate markets could crash very soon.
In this post, it is predicted that particularly the baby boomer generation will go bankrupt if the stock and bond markets crash. On the other hand, it was also mentioned that there is good news, as those who predict the future and act accordingly have the potential to become very wealthy.
And, as in previous claims, it recommends gold, silver, and Bitcoin, indicating that billions of dollars are expected to flow into these three assets.
While this post does not provide the basis for predicting a crash, according to an article by 'Mail Online' reposted on X on May 28, it seems that a combination of factors such as the increase in U.S. government debt, rising unemployment rates, and growing credit card debt are at play.
Focus on silver
Similar to the post on May 5th, Mr. Kiyosaki is also focusing on the price of silver this time. He explained that while gold and Bitcoin are at high price levels, silver still has room to rise towards its all-time highs, and there is a possibility that its price could triple by 2025.
Furthermore, he argues that he purchases physical silver instead of silver ETFs with "fake money (referring to fiat currency)." He stated that since there is room for price increases, buying silver is a means for people around the world to become wealthy.
What is an ETF?
Short for "Exchange Traded Fund". It refers to investment trusts listed on financial product exchanges, where a wide range of financial products, including cryptocurrencies, are traded.
On May 21, Mr. Kiyosaki posted on X that he predicts the price of Bitcoin will reach between $500,000 (around 71.9 million yen) and $1,000,000.
Bitcoin (BTC) News - Price
BTC Exchange Comparison | Fees, Spreads, Accumulation, Lending Coins
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