- Markets will tumble, according to Robert Kiyosaki, and the US economy will enter a depression.
- When prices drop, the author of “Rich Dad, Poor Dad” wants to buy bitcoin, gold, silver, and real estate.
- Jeremy Grantham, CEO of GMO, and Michael Burry, author of “The Big Short,” both anticipate a bubble set to explode.
In a tweet on Thursday, Robert Kiyosaki cautioned investors to brace for a broad market fall and terrible economic depression, and indicated that he plans to buy up many assets as prices plummet.
“There will be a crash and depression,” the author of “Rich Dad Poor Dad” said. “Gold, silver, bitcoin, and real estate will all drop at the same time.”
“Ready to purchase more gold, silver, bitcoin, and real estate now that the crash is over,” he said. “Be alert of your surroundings. Take precautions.”
Because Kiyosaki has been warning about a coming crash for more than a year, his latest warning should be consider with a grain of salt. However, unlike some other pessimistic analysts, he openly confesses that he plans to profit from the next sell-off, framing it as both a purchasing opportunity and a scary possibility.
Robert Kiyosaki Predicts Inflation, Says He’ll Buy More Bitcoin and Ether
In reaction to the frightening surge in inflation, Robert Kiyosaki has previously said that he is increasing his bitcoin and ether investments.
Rich Dad Poor Dad was co-authored by Kiyosaki and Sharon Lechter in 1997. It has been on the New York Times Best Seller List for over six years. The book has been translated into 51 languages and sold in over 109 countries.
Last week, Kiyosaki sent out a tweet saying:
On various instances, Kiyosaki has warned against inflation. For a long time, he has also advocated for bitcoin.
In October, the bestselling author of Rich Dad, Poor Dad tweeted that President Joe Biden and the Federal Reserve are “ripping off poor people,” forecasting that the United States is headed for a depression.
He said that Biden and the Federal Reserve “need inflation to avert a fresh depression,” and that both are “corrupt.” He predicted a massive crash, followed by a new slump. He then advised people to invest in gold, silver, and bitcoin.
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