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:
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.
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