Robert Kiyosaki, the author of the book Rich Dad Poor Dad, advises that investors should pay particular attention to the recent wave of layoffs at major technology companies such as Google, Microsoft, Facebook, and Amazon. Kiyosaki has informed his 2.3 million followers on Twitter that he believes a significant market crash will begin this month, and that he anticipates a drop in the value of all assets, including gold and cryptocurrency, in the short term.
The famous author and investor said: “Giant crash is coming. Depression is possible. The Fed is forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in the US dollar, fake money, will be destroyed. Gold & Silver God’s money. Bitcoin people’s $.”
Bitcoin to Explode in Value by the Start of 2025
Kiyosaki believes that after the fall, the Federal Reserve will be obliged to print billions of dollars in order to stabilize the markets. This would result in an increase in the national debt as well as a decline in the value of the dollar. He anticipates that scarce assets such as gold, silver, and Bitcoin would experience a significant increase in value by the beginning of the year 2025.
In another tweet, Kiyosaki said: “CRASH is here. Silicon Valley’s first dominos fall laying off 144,000 in 2022. 66,000 more in 2023. VALENTINES DAY MASSACRE predicted by Stansberry Research. Everything will crash including prices of gold, silver, and Bitcoin. Do not panic. Good news. I will buy more G, S, BC, real money w/ fake $.”
According to Kiyosaki, one of the reasons why Bitcoin is so appealing is that it is relatively risk-free from a regulatory standpoint. The U.S. Securities and Exchange Commission (SEC) has emphasized on multiple occasions that Bitcoin is not a security, despite the fact that it is reviewing different aspects of the cryptocurrency industry.
