“Rich Dad Poor Dad” author Robert Kiyosaki has shared his thoughts about various asset classes. He also predicted Bitcoin price reaching $10 million, not minding the bleeding market as BTC slumps below $60,000.
Impending Market Crash and Recovery Timeline
BOOM GOiNG BUST: Technical charts indicate biggest crash in history coming. Prices of real estate, stocks, bonds, gold, silver, & Bitcoin crash. GREAT NEWS: Good time to buy bargains will follow. Technical charts indicate major long term bull market cycle will…
— Robert Kiyosaki (@theRealKiyosaki) July 3, 2024
Kiyosaki’ stated that there would be immediate economic turmoil, which would be followed by a recovery phase:
Immediate Crash: Kiyosaki says the “biggest crash in history” is coming. This crash is expected to affect real estate, stocks, bonds, precious metals, and crypto.
Recovery Timeline: Following the crash, Kiyosaki predicts a major long-term bull market cycle. He stated that it would begin in late 2025. He also stated that this cycle is expected to last for years.
Buying Opportunity: The crash is viewed as a big chance for investors to buy assets at a low price.
Astronomical Price Targets for Gold, Silver, and Bitcoin
Kiyosaki shared his long term projections for Gold, Silver and Bitcoin:
Gold: Potential rise to $15,000 per ounce
Silver: Possible increase to $110 per ounce
Bitcoin: A bold prediction of $10 million per coin
These projections are based on Kiyosaki’s belief that faith in “fake” money is dissolving. He also stated that more people are becoming aware of the United States’ position as the biggest debtor nation in history.
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Show more +Show less – Factors Driving Kiyosaki’s Bullish Outlook
Kiyosaki’s bullish long-term stance on alternative assets is supported by a number of important characteristics. Kiyosaki compares past cases of currency devaluation, like the Zimbabwe dollar and the Reichsmark in Germany.
It is believed that the US’s position as the biggest debtor country in history will spur a move away from conventional fiat money.
According to Kiyosaki, people’s confidence in conventional “fake” money is waning. He stated that this is increasing demand for substitute stores of value.
Read more: Jasmy Coin Price Predicted to Surge 10,000% Despite Bearish Crypto Market Sentiment
He said that more individuals are “waking up” to the fact that the world financial system exists, which could increase the market for alternative assets.
Although some may find Kiyosaki’s projections unrealistic, they do represent a rising belief among certain investors regarding the long-term sustainability of established financial systems.
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