Robert Kiyosaki, author of Rich Dad Poor Dad, warned investors about a bond market collapse, urging them to invest in “safer real assets,” such as Bitcoin, before their prices “explode.” He criticizes financial planners for promoting bonds as safe investments and predicting huge losses for investors when AAA bonds and commercial real estate collapse. Meanwhile, Kiyosaki expects the price of Bitcoin to reach $2.3 million.
Robert Kiyosaki urges investing in Bitcoin before prices rise
Rich Dad Poor Dad author, Robert Kiyosaki, is back with more investment tips for investors. He warns that the bond market is collapsing and investors should look to real assets, such as Bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lichter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
Kiyosaki posted on social media platform Once-glamorous office properties can't make loan payments, which will lead to a decline in so-called "sophisticated" investors when AAA bonds collapse He advised: It's better to get into safer real assets like gold, silver and bitcoin before their prices explode.
The famous author has constantly warned of the impending stock and bond market crash, advising investors to buy gold, silver, and Bitcoin. In April, he predicted that Bitcoin would reach $2.3 million and he expects Bitcoin to reach $100,000 by September. He often urges investors to abandon the US dollar for Bitcoin, considering fiat currencies as fake money. In March, he described Bitcoin as a “perfect asset at the right time” and referred to the US dollar as a “giant Ponzi scheme.”
