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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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'Rich Dad Poor Dad' Author’s Market Crash Warning Says: ‘Billions Will Rush into Bitcoin’
“I am afraid that crash time is now and through this summer,” Kiyosaki tweeted. Bitcoin is one of the ways to get rich on this crash, according to his tweet.
"Billions will rush into Bitcoin"
Kiyosaki believes that the biggest stock market crash in history is going to happen this year, although this is not the first time he has said so. Over the past few years, he made warnings that the “biggest crash” he had foretold was coming “now,” and each of those times it was just a strong market turbulence.
The financial author stated that when this crash hits the markets, millions of boomers “will be wiped out” once the stock and bond markets collapse.
However, Kiyosaki says that there is good news here too, despite the frightening prospect. “Millions who are proactive may become extremely rich,” he says. Once stocks, bonds, and real estate markets “begin to crash over this summer”, “billions will rush into gold, silver, and Bitcoin.”
"The biggest bargain today"
Aside from Bitcoin, Robert Kiyosaki mentioned two other assets that not only he but many others tout as safe havens – silver and gold. Among these two, the expert has called silver “the biggest bargain today.” He predicts that by the end of 2025, this precious metal is likely to surge 3x from its current $35 price level.
Kiyosaki stated that he intends to use the US “fake money” (dollars) to buy more silver, while it is still cheap, unlike Bitcoin and gold (though he recently tweeted that he continues to buy Bitcoin as well). However, he made it clear that he does not plan to buy silver/gold/Bitcoin ETFs, touting only direct exposure to these assets.
In recent tweets, Kiyosaki explained that he believes exchange-traded funds to be another version of “fake assets” created by Wall Street companies, therefore, he advises against investing in them, even if they are based on Bitcoin or gold.