Robert Kiyosaki, a well-known investor in Bitcoin and gold, businessman in the field of economic education, and author of the best-selling book “Wealthy Dad Poor Dad,” has taken to Twitter to predict that the U.S. financial system is about to see yet another unfavorable future.
He anticipates a melancholy to come after the current financial situation deteriorates further. The majority of Kiyosaki’s tweets from the last three years have not included the advice he previously gave to his followers to restock on Bitcoin and other risk-hedging assets.
There were too many signs that a severe collision was imminent.
In a tweet, Kiyosaki said that there are “too many indicators” that “level to an extreme inventory market crash” and that “melancholy coming” as well. The financial expert wrote that because he likes to handle everything too much as an entrepreneur, he doesn’t like to play the stock or bond markets.
He advises those who have placed excessive bets on stocks and bonds to the point that their future now depends on these markets to “please watch out, probably ask for professional advice.”
Get into Bitcoin right away, advises Kiyosaki.
Kiyosaki claimed on Twitter on Saturday that the removal of the U.S. debt ceiling was the reason why the stock market was rising. At the beginning of the previous month, an agreement was made to raise the debt ceiling from its current level of $31.4 trillion, preventing a default and saving the United States from financial ruin.
The major indices, including the Dow Jones, Nasdaq, and S&P 500, have all increased. The inventor of “Wealthy Dad Poor Dad” thinks that the stock market is increasing because it is reacting to the increase in the federal debt ceiling.
“America is getting poorer,” he conceded, implying that despite this, there may still be a chance to become wealthy. He urged his followers to invest in Bitcoin, gold, and silver as soon as possible.
According to Kiyosaki, new BRICS forex might boost bitcoin over $120,000.
Robert Kiyosaki also tweeted last week about his concerns on the approaching BRICS leaders’ meeting at the end of August this year. The leaders of the BRICS nations—South Africa, Brazil, China, India, and Russia—intend to introduce their own trading currency backed by gold in order to lessen their reliance on the U.S. dollar in the area of international trade.
According to Kiyosaki, when it happens, trillions of dollars will remain unutilized and may re-enter the US, greatly increasing inflation and precipitating a severe financial collapse as well as depression.
He predicts that as soon as it occurs, Bitcoin could be pushed as high as the $120,000 level and that it might happen before the end of the following year.
Since early 2020, when trillions of dollars have been pumped into the financial system to support banks, businesses, and average American households in their fight against the epidemic that broke out at that time, investor and financial guru Kiyosaki has been foreseeing the impending crash of the U.S. dollar. Since then, the U.S. Fed Reserve has continued to print enormous amounts of USD; this year, it was done to save failing U.S. banks, and Kiyosaki has continued to utilize this justification in his estimations of the value of bitcoin.
