U.Today – Robert Kiyosaki, investor, entrepreneur, and author of the best-selling book on increasing personal wealth, Rich Dad Poor Dad, once again predicts a major crash in the near future, giving his followers a bit. Encouraged to buy coins. Before that happens.
In his tweet, Kiyosaki was primarily addressing people like him who were born in the baby boomer generation, as Bitcoin is an entirely new and daunting asset for them.
“The biggest crash in history is coming. Buy Bitcoin.”
Robert Kiyosaki has issued an important warning to boomers, saying he expects several fundamental markets to crash in the near future, including the stock market, bond market, and real estate market.
So far, Kiyosaki says, the baby boomers have been lucky: in the 1970s, they caused a boom in the real estate market, and thanks to baby boomers' 401k retirement programs, the boom in the stock and bond markets as well. He pointed out that this happened. But in the 2020s, according to the author of Rich Dad Poor Dad, “the retirement of the boomer generation will cause a collapse in the real estate, stock and bond markets.”
Although Kiyosaki was born in the baby boomer generation, he admitted that he doesn't consider his home an asset and doesn't count on a 401k program to fund his retirement.
Mr. Kiyosaki's advice to baby boomers is as follows. “Before the coming crash…buy gold, silver, and Bitcoin now.” Financial gurus are betting not only on Bitcoin, but also on gold and silver.
“The biggest crash in history is approaching. Be proactive and get rich,” Kiyosaki tweeted. He issued this warning as Bitcoin surpassed the $100,000 level for the first time in history.
Kiyosaki predicts Bitcoin will reach $500,000
Earlier this year, the author of “Rich Dad, Poor Dad'' predicted that Bitcoin, the world's main virtual currency, would soar to US$500,000 per coin by 2025. Kiyosaki said that by 2030, BTC will be strong enough to reach $1 million. That data is based on AI predictions, he said.
Looking ahead 10 years from now, Kiyosaki echoes Michael Saylor's prediction that Bitcoin will take some of its market capitalization from gold, reaching a whopping $13 million per digital unit by then. He said he agreed.
This article was originally published on U.Today
