Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has issued a warning to investors about the bond market crash, urging them to consider investing in safer assets such as bitcoin. Kiyosaki, who co-authored the bestselling book with Sharon Lechter in 1997, has gained a reputation for his investment advice. With over 32 million copies sold in more than 109 countries and being on the New York Times Best Seller List for over six years, Kiyosaki's words carry weight in the investment community.
Taking to social media platform X on Sunday, Kiyosaki criticized financial planners for promoting bonds as safe investments, calling it the "biggest lie" they tell to unsuspecting investors. He warned that even so-called "sophisticated" investors would suffer significant losses when AAA bonds and commercial real estate crash. Kiyosaki advised investors to instead turn to real assets such as gold, silver, and bitcoin, which he believes will experience a surge in prices.
This is not the first time Kiyosaki has expressed concern about the stock and bond markets. He has consistently urged investors to diversify their portfolios by investing in gold, silver, and bitcoin. In fact, back in April, he predicted that bitcoin's price could reach a staggering $2.3 million and expects it to hit $100,000 by September. Kiyosaki has been a vocal critic of fiat currencies, particularly the U.S. dollar, which he considers to be "fake money" and a part of a "giant Ponzi scheme."
The investment community is divided on Kiyosaki's advice and predictions. Some see him as a trusted source of information and follow his recommendations closely. Others, however, question his credibility and worry that his predictions may not come to fruition. What are your thoughts on Kiyosaki's advice and predictions? Let us know in the comments section below.