Tags in this story
bitcoin crash, bond crash, gold crash, market crash, oil inflation, real estate crash, rich dads prophecy, robert kiyosaki, robert kiyosaki market crash, silver crash, stock crash, stock market crash
Robert Kiyosaki Says Real Estate, Stocks, Gold, Silver, Bitcoin Markets Crashing – ‘Millions Will Be Wiped Out’ – Markets & Prices Bitcoin News
The well-known author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that all markets will crash, specifically naming real estate, stocks, gold, silver and bitcoin. Referring to his earlier prediction of a bigger crash than the 2008 financial crisis, Kiyosaki said: “The crash is here. Millions will be wiped out.”
Robert Kiyosaki predicts market crash
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with dire warnings about market crashes. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki described in a tweet Friday that all markets will crash and the middle class will be wiped out by “higher oil inflation.” He wrote:
All markets crash: real estate, stocks, gold, silver, bitcoin. The middle class wiped out by higher oil inflation.
On Sunday, he followed up with a tweet referencing a book he published in October 2013 titled “Rich Dad’s Prophecy: Why History’s Biggest Stock Market Crash Is Still Coming…and How You Can Prepare and Profit!”
He detailed that 2008 was a great time to get rich as everything “went on sale”. The acclaimed author noted his prediction of a major crash outlined in his book: “The crash is here. Millions will be wiped out.”
Kiyosaki urged his 2 million Twitter followers not to be among those being wiped out, adding that it was time for them to “get richer”. Last week, he explained that “it’s not what’s in your wallet … it’s what’s in your head,” emphasizing, “Change what’s in your head first … then get richer.”
The famous author has warned of market crashes on several occasions. He recently predicted the biggest bond crash since 1788, stating that stocks and bonds are crashing. He claimed that a depression and civil unrest was coming, and further warned that inflation could lead to the Great Depression.
Last week he revealed he changed his mind about government bonds after listening to economist Harry Dent. The author of Rich Dad Poor Dad has been advising investors to buy gold, silver and bitcoin for some time, stressing that the US dollar is dying. In July, he said silver was the best investment value today.
Kiyosaki has also been waiting to buy bitcoin at a lower price. In June, he said he was waiting for the cryptocurrency to test $1,100 before buying. In July, he noted that he was in a cash position and was waiting to buy BTC. This week BTC fell below $20K. At the time of writing, bitcoin is trading at $19,629, down over 9% in the past seven days. The total cryptocurrency market is around $944 billion, based on Coinmarketcap’s data.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warnings? Let us know in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, live radin
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
