Rich dad: The biggest crash in history is coming
Robert Kiyosaki, author of the well-known personal finance book "Rich Dad, Poor Dad," often shares his market outlook and investment advice on his personal X account.
He has long warned of the threat of global financial collapse. Rich dad called fiat currencies such as the U.S. dollar "fake" and recommended investing in silver, gold, Bitcoin, etc. to combat this risk.
On August 14, rich dad warned investors on the
Call 3 puppets a recipe for disaster?
Rich dad pointed out that he had prepared for the biggest market crash in the history of the world, but most people were too lazy to prepare and just hoped that the leaders who ruled the United States could save the economy, but this was obviously unrealistic.
Image source: X Rich dad’s new tweet
He bluntly said that there are three senior US leaders who are pushing the economy to the brink of irreversible disaster. These three leaders are the current US Vice President Kamala Harris and Treasury Secretary Janet Yellen. and American League President-elect Jerome Powell.
Rich dad called these three people "puppets" and emphasized that under the rule of these three leaders, the United States was heading for an irreversible market collapse.
“Rebel” assets that resist collapse
Changing the topic, rich dad said that "the crash could be a good thing": "If I'm right, the crash and possible depression will make myself and those who are prepared very, very rich." He had previously said Pointing out that "crisis is a turning point," in order to protect personal wealth, he suggested that investors should invest funds in "rebellious" assets, namely gold, silver, and cryptocurrencies such as Bitcoin ($BTC) and Ethereum ($ETH).
In my rich dad’s view, these assets are highly resistant to stress and can withstand the intervention of the Federal Reserve, the Treasury Department and even politicians. He also particularly emphasized the open source and open source capabilities of Bitcoin ($BTC) and Ethereum ($ETH). Due to their decentralized nature, these two cryptocurrencies are considered to be the most resilient assets in the current market.
As for Bitcoin ($BTC), since rich dad recognized it and added it to his investment portfolio, its price has rebounded from the trough, and even recently returned to the psychological mark of $70,000. Even though the market has been depressed in the past two weeks, if based on Rich dad predicted that Bitcoin’s price target may reach $170,000 by early 2025.
Although rich dad’s views are forward-looking, investors should not blindly follow them. Instead, they should conduct in-depth research while observing market patterns, and carefully measure the risks and returns of invested assets. After all, market trends may occur at any time. Change, in a market full of variables, no one can guarantee that there is a certain asset that can make a profit without losing money.
