Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ – Waiting to Buy Bitcoin at Lower Price – Markets and Prices Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788”. He stressed that the “real problem” is in the bond market, which is “40 times bigger” than the stock market. He is waiting for the price of bitcoin to fall further to buy something.
Robert Kiyosaki warns the bond market will crash
The author of Rich Dad Poor Dad, Robert Kiyosaki, has made several new predictions about the stock and bond markets. 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.
The famous author tweeted on Friday:
The US bond market crashes. Biggest bond crash since 1788 … Bond markets bigger than the stock market. I am buying more gold, silver now, waiting for bitcoin to go lower.
He also emphasized that China’s real estate market is crashing, noting that there are “Over 90 million empty apartments in China.”
In a follow-up tweet, the author of Rich Dad Poor Dad explained:
Losers look at the stock market. The real problem is in the bond market. The bond market is 40 times larger than the stock market. Pay attention to bonds, not stocks. Big crash coming.
He tweeted in April that bonds are the riskiest investment in a global meltdown. “Tragically, rookie investors follow rookie advice of a 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver and bitcoin “as insurance against idiots running the world.”
Kiyosaki has repeatedly warned about market crashes and the state of the US economy. This week he warned that inflation could lead to a “major depression”, noting that real estate crashes and foreclosures are up 700% from last year.
In April, he warned of hyperinflation and depression. He also repeatedly said that we are in the biggest bubble in world history. In March, he predicted that the US dollar was about to implode and advised investors to buy bitcoin (BTC), ethereum (ETH) and solana (SOL).
Kiyosaki has said several times that he is waiting for bitcoin to bottom out in order to buy something more. Last month, he revealed that he is waiting for the price of BTC to test $1,100 before buying. Earlier this month, he said he is in a cash position and waiting to make bargains, including BTC, as asset prices crash.
What do you think of Robert Kiyosaki’s predictions? Let us know in the comments section below.
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