Robert Kiyosaki, popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’, continues to warn of an impending crisis that will sweep the United States and the world, emphasizing the impending collapse of “everything”. He was specifically referencing the words of fellow writer and financial editor Harry Dent in an interview with Kitco News’ Michelle Makori earlier this year, when he said the “everything bubble” could burst in 2024 and Bitcoin could break too. At that time, Bitcoin had fallen below $40,000.
Robert Kiyosaki’s strategy
According to Kiyosaki, Dent “also predicts that Bitcoin will drop to $200 per coin.” However, in this case, the “Rich Dad Poor Dad” author promised to “buy as much BTC as he can,” referring to the flagship of cryptocurrencies. Kiyosaki sees Bitcoin as “the people’s money” according to his X post. He also echoed Dent’s view that Baby Boomers will be the biggest losers as the value of their homes declines, with the S&P 500 falling 80%. He suggested that in this scenario he would “just buy more real estate, gold and silver.” Additionally, Kiyosaki explained whether Dent’s views were correct or not:
Those who are prepared will soon become multi-millionaires and possibly a few new billionaires, and even if they are not, those who hold gold, silver and Bitcoin will become richer.
In fact, Kiyosaki has long suggested buying precious metals and the leading cryptocurrency as a way to protect oneself in the coming crisis and “win” the next Great Depression amid surprising similarities between the 2024 and 1929 stock markets.
Kiyosaki’s Bitcoin price prediction attracted attention
Meanwhile, the crypto market continued to consolidate previous gains. The first crypto asset is currently trading at $66,121. This represents a 0.80% decline on the day and a 5.08% loss for the week. On a weekly basis, it indicates a modest decrease of 1.27%. Last month was profitable for Bitcoin. With this, cryptokoin.com As we have also reported, many renowned crypto trading experts are optimistic about its future, placing their BTC price prediction somewhere between $100,000 this year and $1,000,000 in 2025 based on multiple observed indicators.
However, it is critical to do one’s own research before investing. According to experts, the financial world is preparing for a collapse that will “touch every asset.” Meanwhile, Robert Kiyosaki and Harry Dent’s narratives are critical. Because it reveals an intriguing story about creating wealth in an age of economic collapse. Assets such as real estate, gold, silver, cryptocurrencies and Bitcoin serve as shelters in market crises.
Kiyosaki’s economic predictions
By the way, Robert Kiyosaki is one of the few people who predicted and warned about the 2008 financial crisis. In the early 2000s, he argued that the real estate market was a bubble that would burst sooner or later. These views were criticized by many people at that time. However, the crisis in 2008 showed that Kiyosaki was right.
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