In a recent X post, renowned Rich Dad Poor Dad Author Robert Kiyosaki said that the “GIANT MARKET CRASH” is already here. However, despite the economic concerns, he has reiterated his bullish stance on gold, silver, and Bitcoin. Besides, the author also shared reasons that why maintains a positive outlook on these riskier assets, especially amid inflation and other macroeconomic concerns.

Rich Dad Poor Dad Author Confirms “GIANT MARKET CRASH” Start

Financial expert and renowned Rich Dad Poor Dad author, Robert Kiyosaki, has issued a dire warning, confirming a “GIANT MARKET CRASH” start. In a recent X post, Kiyosaki emphasized the importance of investing in tangible assets, such as gold, silver, and Bitcoin, to hedge against the impending economic downturn.

Kiyosaki attributed the looming crash to the reckless monetary policies of the US central bank, governments, and financial institutions. Meanwhile, it also comes in tandem with his previous warning of a global economic depression.

The author noted that the government only worsened the problem by printing more “fake money.” This, in turn, fuels inflation, erodes the purchasing power of fiat currencies, and widens the wealth gap between the rich and the poor. To mitigate the effects of the impending crash, Kiyosaki advises investors to focus on accumulating real assets, such as precious metals and Bitcoin.

He said that these assets have historically maintained their value and even appreciated during times of economic turmoil. Besides, it also highlights the author’s strong confidence in Bitcoin and precious metals as a hedge against the macroeconomic woes.

Source: Robert Kiyosaki, X

Can Bitcoin Rally Continue Amid These Economic Concerns?

The Rich Dad Poor Dad author has maintained a bullish stance on Bitcoin, giving bold predictions recently. Recently, Robert Kiyosaki said that BTC is poised to hit between $175K and $350K in 2025, which has gained immense traction from the market participants.

In addition, a flurry of market experts also remained bullish on the long-term trajectory of the coin. A recent Bitcoin price analysis indicates that the crypto could hit the $108K mark once it cross the $100K level. Notably, BTC price today was up over 2% and exchanged hands at $98,261 and its trading volume fell 15% to $35.28 billion.

Meanwhile, as the author of the bestselling book “Rich Dad Poor Dad,” Kiyosaki’s warnings and investment advice carry significant weight. With his latest prediction, investors would do well to take heed and reassess their investment strategies to ensure they are adequately prepared for the impending market crash.

The post Rich Dad Poor Dad Author Confirms ‘Giant Market Crash’, Shares Bitcoin & Gold Advise appeared first on CoinGape.

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Filed under: News - @ January 4, 2025 8:17 am