TL;DR
- Robert Kiyosaki, author of “Rich Dad, Poor Dad”, warns about the imminence of the biggest bubble in history and recommends buying Bitcoin.
- Kiyosaki attributes the risk to 401k retirement plans and the continued printing of US dollars.
- He recommends investing in real assets like gold, silver and Bitcoin before the bubble bursts.
Robert Kiyosaki, renowned author and financial expert known for his book “Rich Dad, Poor Dad,” has issued a strong warning to investors: the biggest bubble in history is about to burst, and recommends taking measures to protect yourself.
In a post on his X (ex-twitter) account, Kiyosaki noted that baby boomers are particularly at risk due to the fragility of their 401k retirement plans.
He warns that the stock market is on the verge of an imminent collapse.
BABY BOOMERS BUST. Tragically biggest bubble in history will wipe out baby boomers because Boomers are the first generation with flimsy 401ks. Stock market set to crash. Time to get real is now. Buy real assets: gold, silver, Bitcoin before the biggest bubble in history goes…
— Robert Kiyosaki (@theRealKiyosaki) March 11, 2024
The basis of Kiyosaki‘s prediction lies in the US government’s money printing policy, which he considers unsustainable and detrimental to financial stability.
Since the start of the COVID-19 pandemic in 2020, a massive amount of dollars has been pumped into the economy to keep it afloat.
However, Kiyosaki argues that this has led to a devaluation of the US dollar, which in turn could lead to an even greater economic crisis.
Given this situation, Kiyosaki recommends investors acquire Bitcoin and real assets
Investors are encouraged to accumulate these assets, such as gold, silver and Bitcoin (BTC), as a way to protect their wealth.
He emphasizes the importance of also owning tangible assets, such as gold and silver bullion, rather than relying solely on paper investments, such as shares in the stock market.
Additionally, Kiyosaki is particularly optimistic about Bitcoin’s growth potential, projecting that its price could surpass $300,000 this year and reach $100,000 by June.
Robert Kiyosaki‘s warning is a timely reminder for investors to be aware of current financial risks and take steps to protect their wealth.
Its call to action emphasizes the importance of diversifying investments and seeking assets that can maintain their value in times of economic uncertainty.
