The famous author of the best-selling Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest forced crash since 1788”. He pointed out that the “real problem” is in the bond market, which is “40 times bigger” than the stock market. He is waiting for the bitcoin price to drop further to buy some.
Robert Kiyosaki warns that the mandatory market is collapsing.
Rich Dad Poor Dad author Robert Kiyosaki has made several never-before-seen predictions about the stock and bond markets. Rich Dad Poor Dad is a book published in 1997 and co-authored by Kiyosaki and Sharon Lechter. See the article: Why should regulators pay attention to $UST?. It was on the New York Times Bestseller List for over six years. Over 32 million copies of the book have been sold in over 51 languages and in over 109 countries.
The famous author tweeted on Friday:
The US bond market is collapsing. The biggest bond crash since 1788… Bond markets are bigger than stock markets. I’m buying more gold and silver now, and waiting for bitcoin to go down.
He also pointed out that the Chinese real estate market is collapsing, noting that there are “over 90 million empty condos in China. »
In a following tweet, the Rich Dad Poor Dad author explained:
Losers watch the stock market. The real problem is in the compulsory market. The bond market is 40 times larger than the stock market. Please pay attention to bonds, not stocks. A major crash is coming.
In April, he said on Twitter that bonds were the riskiest investment in the event of a global meltdown. “Tragically, beginner investors are following beginner advice to mix 60 (stocks) and 40 (bonds),” he said, recommending investors buy gold, silver and bitcoin “ as insurance against the cretins who rule the world”.
Kiyosaki has repeatedly warned about stock market crashes and the state of the US economy. This week he warned that inflation could lead to a “Great Depression”, noting that real estate is collapsing and foreclosures are up 700% from a year ago.
In April, he warned of hyperinflation and depression. He also repeatedly said that we are in the biggest bubble in world history. In March, he predicted that the US dollar was about to implode, advising investors to buy bitcoin (BTC), ethereum (ETH) and solana (SOL).
Kiyosaki has repeatedly said that he is waiting for bitcoin to bottom out to buy more. Last month, he revealed that he was waiting for the price of BTC to reach $1,100 before buying. Earlier this month, he said he was in a cash position and waiting for good business, including with BTC, as asset prices crash.
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