He predicted that a market crash was imminent, arguing that a "bubble" created by the Federal Reserve and the Treasury Department would bring a major crisis to the markets.
On the 15th (local time), Robert Kiyosaki said through X (formerly Twitter) that "Recently, the 'everything bubble' that began in 2008 has now turned into a 'everything collapse.'
"That is changing," he said, "put simply, all assets will crash, including gold, silver and Bitcoin."
He also said, "Such a crisis was not seen before during the 2008 global financial crisis, when the U.S.
"It all started when the Federal Reserve and the Treasury printed trillions of fake dollars to prevent a global depression," he said. "The criminals at the Federal Reserve and the Treasury are doing an incredible job of printing fake dollars."
"They're saving only their wealthy friends and throwing the rest of us down the drain," he said. He went on to say that the market crash he predicted would be a "low-price buying opportunity" for prepared investors.
In relation to this, he said, "This crash will be bad for most people," but added, "Smart investors are now selling assets at high prices and cashing out."
"For example, Warren Buffett is selling his shares in Apple and accumulating cash (US dollars)," he said. "Those who have accumulated (cash) will become really rich.
"It will be the best opportunity to buy Bitcoin cheaply," he said. Furthermore, regarding the price outlook for the cryptocurrency Bitcoin, he said, "It will be $5,000 per BTC (about 7
"There is a possibility that the price will crash to $100,000 (approximately 14.93 million yen) or $250,000 (approximately 37.35 million yen)," he said, adding, "After that, there is a possibility that it will skyrocket to $100,000 (approximately 14.93 million yen) or $250,000 (approximately 37.35 million yen)."
But he said, "Obviously I will buy as much Bitcoin as I can" and "I will also buy other assets on the cheap."
2024/10/17 12:40 KST
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