Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has warned of an impending 'bubble burst' in traditional finance, according to PANews. He forecasts that Bitcoin will rise to $750,000 within a year following the burst. Additionally, Kiyosaki predicts gold will reach $35,000 per ounce, marking a 546% increase from its historical highest closing price.
Analysts note that Kiyosaki's Bitcoin-to-gold ratio stands at 21.5, significantly lower than the historical peak of 40 in December 2024 and below the current 200-day moving average of 22. Since 2011, Kiyosaki has repeatedly predicted economic collapse, though his forecasts have often not materialized. For instance, he predicted a stock market crash in 2016, yet the S&P 500 rose by 9.5% that year. In May 2024, he claimed the 'biggest crash ever' had begun, but both stock markets and precious metals have since recorded gains.