Robert Kiyosaki claims that the real estate, stock, gold, silver, and bitcoin markets are collapsing and that’millions will be effectively wiped out.’

markets are collapsing

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has warned that all markets are collapsing, specifically naming real estate, stocks, gold, silver, and bitcoin. Kiyosaki said, referring to his earlier prediction of a bigger crash than the 2008 financial crisis, “That crash is here.” Millions of people will be wiped out.”

Market Crash Predictions by Robert Kiyosaki

Robert Kiyosaki, the author of Rich Dad Poor Dad, is back with dire predictions about market crashes. Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. It has spent over six years on the New York Times Best Seller List. More than 32 million copies of the book have been sold in more than 51 languages and 109 countries.

In a Friday tweet, Kiyosaki claimed that every market is collapsing and that “higher oil inflation” will wipe out the middle class. He stated:

“All markets crashing: real estate, stocks, gold, silver, bitcoin. Middle class wiped out by higher oil inflation.”

On Sunday, he responded with a tweet referencing his book “Rich Dad’s Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… And How You Can Prepare and Benefit From It!”

He explained that 2008 was an excellent year for making money because everything “went on sale.” Noting his book’s prediction of a larger crash, the renowned author wrote: “That crash is here.” Millions of people will be wiped out.”

Kiyosaki urged his 2 million Twitter followers not to be among those wiped out, saying it is time to “get richer.” Last week, he stated, “It’s not what’s in your wallet… It’s what’s in your head,” he emphasizes, “first change what’s in your head… then get richer.”

The well-known author has previously warned about market crashes

markets are collapsing
markets are collapsing

He recently forecasted the largest bond crash since 1788, claiming that stocks and bonds are collapsing. He predicted a depression and civil unrest and warned that inflation could lead to the Greater Depression.

He revealed last week that after listening to economist Harry Dent, he changed his mind about treasury bonds. For a long time, the Rich Dad Poor Dad author has advised investors to buy gold, silver, and bitcoin, claiming that the US dollar is dying. In July, he stated that silver was the best investment value available today.

Kiyosaki has also been waiting for a lower price on bitcoin. In June, he stated that he would wait for the cryptocurrency to reach $1,100 before purchasing. In July, he stated that he had cash on hand and was waiting to buy BTC. BTC fell below $20K this week. Bitcoin is currently trading at $19,629, down more than 9% in the last seven days. According to Coinmarketcap, the total cryptocurrency market is worth approximately $944 billion.

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