Robert Kiyosaki, author of “Rich Dad Poor Dad,” is predicting a huge stock market crash and a corresponding Bitcoin boom.
A Crash is Coming?
Kiyosaki claims his 2013 book, Rich Dad’s Prophecy, predicted a massive stock market crash set for February 2025. He believes this crash will trigger a mass exodus from traditional markets into Bitcoin and other alternative assets. He encourages his followers to buy Bitcoin now, before the predicted crash.
Why Bitcoin?
Kiyosaki points to two economic and technological principles to support his bullish Bitcoin stance:
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Gresham’s Law: Kiyosaki argues that “bad money” (like the US dollar, in his view) drives “good money” (gold, silver, and Bitcoin) underground. He believes Bitcoin is now pushing the US dollar into hiding.
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Metcalfe’s Law: This law suggests a network’s value increases with the number of users. Kiyosaki, along with others like Fidelity’s Jurrien Timmer, believes this applies to Bitcoin’s growing network.
Previous Predictions
Kiyosaki previously predicted Bitcoin would reach $300,000. While the current price is significantly lower, he remains confident in his prediction of a Bitcoin boom following the predicted market crash.
Disclaimer: This information is for general knowledge only and is not financial advice. Always conduct your own thorough research before making any investment decisions./p>
