Robert Kiyosaki, renowned for his book "Rich Dad Poor Dad," often predicts financial catastrophes. Recently, he took to Twitter to warn of an impending market crash, advising his followers to buy Bitcoin. He believes the "biggest bubble bust in history" is imminent, particularly affecting the baby boomer generation's wealth tied to "flimsy" 401k retirement schemes.
Kiyosaki has criticized the US government's monetary policy, accusing them of printing "fake US dollars," which he believes devalues the fiat currency. This policy began in 2020 during the pandemic, with over $6 trillion printed that year alone. In 2023, several banks, including Silicon Valley Bank and Signature Bank, crashed, leading to further printing of dollars by the Federal Reserve to bail them out.
In his tweet, Kiyosaki advised buying "real assets" like gold, silver, and Bitcoin, stating that "the time to get real is now." He emphasized buying physical gold and silver assets, such as bars and coins. Kiyosaki also made bullish predictions for Bitcoin, expecting it to surpass $300,000 this year, with an interim target of $100,000 by June. Today, Bitcoin reached a new all-time high above $71,000.