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Author of “Rich Dad Poor Dad” Robert Kiyosaki anticipates a mega market collapse ahead due to economic and political changes. In an X post, Kiyosaki stresses the upcoming challenges of the market pointing toward the recent US Congress drama.
Robert Kiyosaki: Next Great Depression Is War, Buy Bitcoin
Kiyosaki has warned multiple times about a possible economic collapse that is approaching America. This time Kiyosaki not only cautioned about the financial turmoil but also the great depression that will come along the storm.
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Kiyosaki expresses fear about the current US administration, labeling them the “3 Stooges”. The recent stance of the White House, US Treasury, and Federal Reserve on economic development was inadequate and worsened the current condition. Multiple sanctioning of various unitary bodies and firms has made the public furious about regulatory authorities.
Kiyosaki suggests that their combined influence may lead to not just a severe economic downturn but also the potential for war. He urges the public, especially millions facing economic hardships, to prepare for challenging times ahead.
Despite the grim outlook, Kiyosaki remains optimistic about the future. He asserted that with the right mindset and preparation, the next Great Depression could be the “best time of their lives.”
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He advises taking proactive measures, emphasizing the importance of purchasing assets like gold, silver, and Bitcoin as a hedge against economic turmoil addressing fiat money as useless.
Also Read: ETH Price Jumps 2.5%, Analysts Expect $3,500 Amid Ethereum ETF Approval Soon
Cardboard Box Index Crash
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On Tuesday, Kiyosaki shared concerns on social media platform X about the Cardboard Box Index collapse. Cardboard Box is an indicator for assessing consumer goods production. He asserts shoppers are no longer shopping, signaling a potential global economic downturn that could lead to a depression.
In connection with his recent economic concerns, Kiyosaki predicts the Treasury and Federal Reserve will respond by printing trillions in fake dollars.
The author has also suggested investing in spot Bitcoin ETF funds if someone just can’t buy Bitcoin. Spot Bitcoin ETF is also a good choice of investment in the shadow of Bitcoin, stated Kiyosaki.
This isn’t the first time Kiyosaki has warned about the possibility of despair. In February, he warned of an imminent massive crash, predicting a depression. He predicted that by 2025, gold would be for $5,000, silver would be worth $500, and bitcoin would be worth $500,000.
Also Read: Ethereum’s Goerli Testnet to Cease Support and Undergo Final Upgrade
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- Source: https://coingape.com/robert-kiyosaki-foresees-a-giant-market-collapse-advises-buying-bitcoin/
