Robert Kiyosaki is the author of personal finance best-seller Rich Dad Poor Dad. He leans bearish in the stock market, but remains bullish about Bitcoin (BTC).
A best-selling writer tells his 2.7million followers on social media platform X, that a prediction he made 12 years earlier about a stock market crash is soon to come true.
In Rich Dad’s Prophecy, I predicted the largest stock market crash ever to come. This crash is going to happen in February 2025.
In the event of a major crash, everything will be on sale. Now you can buy cars and houses.
Even better news: billions of dollars will rush to Bitcoin from the bond and stock markets.
Bitcoin is going to boom.
Grab the opportunity to join us while it lasts.
Move away from fakes and invest in gold, silver and crypto.
“Even one Satoshi can make you rich while millions of people lose their entire wealth.”
Kiyosaki claims that Bitcoin is “powerful” due to two economic and technological principles: Gresham’s Law and Metcalfe’s Law.
The best-selling author speaks on Gresham’s Law
When BAD money is introduced into a system, GOOD money will go underground. Gold and silver, which are good money, have been hiding for many years from fake US dollars.
“Today, gold, silver and bitcoin are driving the counterfeit US dollar to hiding.”
Metcalfe’s Law states that the value of a network is directly proportional to its size or number of users. This is evident in social media platforms and other technologies with network effects. Metcalfe Laws have been mentioned in the context of Bitcoin by Fidelity Investments’ global macro director JurrienTimmer, for example.
Kiyosaki expressed his bullish views on Bitcoin on several occasions. The Rich Dad Poor Dad writer predicted that Bitcoin will reach $300,000 in March 2024.
Bitcoin has a current value of $100,939 as at the time this article was written.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Robert Kiyosaki Warns of a ‘Biggest Stock Market Crashes in History’ to Come, Says that Bitcoin (BTC), Will Boom will be updated as new information becomes available.
