Robert Kiyosaki, the author of Rich Dad Poor Dad, discloses the potential timing of the “greatest market crash in history.”
Robert Kiyosaki, the author of Rich Dad Poor Dad, has reiterated his assertions regarding the potential impending market collapse. The renowned author recently disclosed the potential timeline for the “biggest market crash in history” in a social media post, which has garnered significant attention from investors. Nevertheless, it is essential to mention that Kiyosaki has maintained his optimism regarding Bitcoin, despite the recent decline, as he regards the flagship cryptocurrency as a secure haven amid this turmoil.
Robert Kiyosaki Unveils the Timeline for the “Greatest Market Crash”
Prominently wealthy father The author of Poor Dad has recently predicted a potential market crash, which has prompted discussions in the financial market. This is particularly noteworthy in light of the current decline in the broader crypto market.
In a recent X post, Robert Kiyosaki reiterated that the “biggest market crash” is imminent. He predicted the market would collapse in February, which sparked much discussion in the broader financial market.
Rich Dad, Poor Dad Prophecy
In his 2013 book Rich Dad’s Prophecy, Robert Kiyosaki predicted the market crash and remarked that it is probable. Nevertheless, he regarded the impending collapse as “good news,” as “every asset goes on sale” during this turmoil. He observed that automobiles and residences are currently available for purchase.
Additionally, Kiyosaki reported that the stock and bond markets will experience an outflow of “billions” of dollars, which he characterized as “better news.” He claims that the conventional markets will experience a fund outflow, resulting in Bitcoin (BTC) becoming a safer haven during this period of turmoil.
Will Bitcoin Serve as a secure haven?
According to the author of Rich Dad Poor Dad, Bitcoin will persist in its upward trajectory regardless of the broader market collapse, as investors will redirect their attention to digital assets. He encouraged investors to begin investing in Bitcoin and precious metals such as gold and silver.
Furthermore, Kiyosaki asserted that “even one Satoshi will make you wealthy, while millions will lose everything.” This demonstrates the author’s optimistic perspective on the premier cryptocurrency. Additionally, it indicates his faith in BTC, which has emerged as a secure refuge amid this turmoil.
The Bitcoin and cryptocurrency crash exacerbates the concern
Despite a more extensive crypto market collapse, Robert Kiyosaki’s audacious Bitcoin prediction gives investors hope. The global crypto market valuation experienced a nearly 8% decline today, with Bitcoin and the significant altcoins experiencing a dramatic decrease. This is particularly noteworthy.
Today, the price of bitcoin declined by nearly 6% and briefly fell below the $99K mark. Additionally, Arthur Hayes, the co-founder of BitMEX, recently forecasted that Bitcoin (BTC) would experience a correction to $70K. However, he remains optimistic about the cryptocurrency’s long-term trajectory. He predicted BTC would reach $250K by the end of 2025, contributing to the market’s optimism.
Amid the recent market crash, prominent altcoins such as Ethereum, XRP, Solana, Dogecoin, and others have also experienced a decline of 7% to 13%. This indicates the significant selling pressure that the market experienced as investors conducted cautious trading in anticipation of the Federal Reserve’s rate cut decision and other vital events slated for later this week.
