Renowned author Robert Kiyosaki, known for his work "Rich Dad Poor Dad," recently made a bold forecast on the social media platform X, predicting an upcoming economic downturn followed by a substantial bull market surge. First published in 1997, "Rich Dad Poor Dad," co-authored by Kiyosaki and Sharon Lechter, has maintained a prominent position on the New York Times Best Seller List for over six years, with sales exceeding 32 million copies in 51 languages across 109 countries.
According to Kiyosaki, ominous signals from technical charts indicate an impending "most massive crash in history," impacting the values of real estate, stocks, bonds, precious metals like gold and silver, as well as the cryptocurrency Bitcoin. Despite this alarming projection, he offered a glimmer of hope, highlighting potential buying opportunities emerging from the downturn and envisioning a major long-term bull market anticipated to commence by late 2025. In a recent post, he emphasized, "It's a good time to seize bargains that will emerge," further elaborating:
"Technical analyses point toward a significant long-term bull market cycle ahead, with the initiation of the bullish climb expected towards the end of 2025, elevating prices for an extended period. This heralds the awaited boom for gold, silver, and Bitcoin enthusiasts."
He expressed confidence that those who have shown patience will be duly rewarded, affirming that this enduring bull market cycle was an inevitable consequence of the U.S. holding the status of the largest debtor nation and the erosion of trust in conventional fiat currencies. Citing historical events such as the disintegration of Germany's Reichsmark and Zimbabwe's dollar, Kiyosaki drew parallels to illustrate a recurring trend of waning faith in traditional currencies. He asserted, "Aware individuals foresee the arrival of this prolonged cycle of bull markets as confidence in 'FICTITIOUS' currencies diminishes... They acknowledge the awakening of a greater populace to these realities."
Continuing his discourse, the acclaimed author underlined, "They understand that post the impending crash, a protracted bull market for gold, silver, and Bitcoin will ensue. They are aware that following the downturn, these assets will resume their ascent towards uncharted peaks." Kiyosaki's predictions outlined:
Gold potentially reaching $15,000 per ounce; Silver reaching a possible $110.00 per ounce; Bitcoin possibly surging to an astounding $10 million per coin.
He encouraged investors to maintain composure, assuring them of the forthcoming rewards that await as these assets soar to unprecedented levels post-crisis. What are your thoughts on Robert Kiyosaki's audacious economic prognostications and the projected surge in gold, silver, and Bitcoin? Share your views in the comments section below.