Robert Kiyosaki Warns Of ‘Biggest Bond Crash Since 1788’ – Waiting To Buy Bitcoin At A Lower Price CryptoGlobe

The famous author of the bestselling book 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 forced market is collapsing

Rich Dad Poor Dad author Robert Kiyosaki has made several new stock and bond market predictions. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. Over 32 million copies of the book have been sold in over 51 languages ​​in over 109 countries.

The famous author tweeted on Friday:

Advertising

Advertising

Mandatory US market crash. The biggest bond crash since 1788… Bond markets are bigger than the stock market. I buy more gold, silver now and wait 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 follow-up tweet, the Rich Dad Poor Dad author explained:

Losers on the stock market. The real problem is in the mandatory market. Bond market 40 times larger than the stock market. Please pay attention to bonds, not stocks. Major accident to come.

He tweeted in April that bonds are the riskiest investment in a global meltdown. “Tragically, newbie investors are following beginners advice on the combination of 60 (stocks) and 40 (bonds),” he said, recommending investors to 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 quibbled that inflation could lead to a “greater depression”, noting that real estate is collapsing and foreclosures are up 700% from the past year.

In April, he warned of hyperinflation and depression. He also repeated several times that we were in the biggest bubble in the history of the world. 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 stated 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 test $1,100 before buying. Earlier this month, it was said to be in a cash position to pick up good deals, including BTC, as asset prices crash.

What do you think of Robert Kiyosaki’s predictions? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

Image Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss enhanced or likely to have been enhanced by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Leave a Comment