Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, is warning of an impending market crash. He believes that Bitcoin, gold, and silver are currently in a bubble and are poised for a significant price correction.
Bubble Trouble Ahead?
Kiyosaki shared his concerns on X (formerly Twitter), telling his millions of followers that current market optimism and speculation have inflated asset prices. He sees this as a potential buying opportunity. He stated, “Bubbles are about to start busting. When bubbles bust, odds are gold, silver, and Bitcoin will bust too. Good news. If prices of gold, silver and Bitcoin crash, I will be buying.”
Kiyosaki’s Bitcoin Strategy
Earlier this month, Kiyosaki announced he’d paused his Bitcoin purchases after the price surged past $120,000. He explained his cautious approach, stating that he wants a clearer economic picture before investing further. He used the analogy, “Pigs get fat, hogs get slaughtered,” advising against excessive risk-taking. He suggested that those new to Bitcoin should start with a small investment.
The Bottom Line
Currently, Bitcoin is trading around $117,899. Kiyosaki’s prediction highlights the inherent volatility of the cryptocurrency market and precious metals. While he anticipates a market correction, he views this as a chance to accumulate assets at lower prices. Remember, this is just one opinion, and it’s crucial to conduct your own research before making any investment decisions.