Robert Kiyosaki’s Urgent Warning on the Impending Market Crash
Renowned Rich Dad Poor Dad author Robert Kiyosaki is reiterating his cautionary stance on an imminent crash in the stock and bond markets.
In a recent social media post on platform X, Kiyosaki emphasized that despite the apparent ascent of the stock market, it’s a deceptive belief that the economy is robust. He warned against complacency, pointing to what he calls “The Magnificent 7” mega-cap tech companies, fueled by U.S. government dollars, as factors artificially propping up the market.
Kiyosaki, known for his skepticism towards institutions like the Federal Reserve and the Biden administration, has consistently predicted market downturns, expressing concerns about potential economic depression and conflict. In light of mounting government debt, he previously advocated for investing in bitcoin as a safeguard against wealth erosion. Following the SEC’s approval of spot bitcoin ETFs, Kiyosaki increased his bitcoin holdings, projecting a potential rise to $150K and urging investors to monitor the upcoming Bitcoin halving.
Clever Robot News Desk 5th February 2024