Famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, warned of the “biggest breakdown of ties since 1788”. He pointed out that the “real problem” is in the bond market, which is “40 times bigger” than the stock market. He is waiting for the bitcoin price to drop further to buy some.
Robert Kiyosaki warns that the bond market is collapsing
Rich Dad Poor Dad author Robert Kiyosaki made several new predictions on the stock and bond markets. Rich Dad Poor Dad is a 1997 book written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
The famous author tweeted on Friday:
Collapse of the US bond market. Biggest bond crash since 1788 … Bond markets bigger than the stock market. I am buying more gold, silver now and waiting for bitcoin to go down.
He also pointed out that the Chinese real estate market is collapsing, noting that there are “over 90 million empty apartment buildings in China”.
In a follow-up tweet, Rich Dad author Poor Dad explained:
Losers watching the stock market. The real problem is in the bond market. Bond market 40 times larger than the stock market. Please pay attention to bonds, not stocks. Big incident coming up.
In April, he tweeted that bonds are the riskiest investment in a global meltdown. “Tragically novice investors follow rookie advice from a mix of 60 (stocks) 40 (bonds),” she said, recommending investors to buy gold, silver and bitcoin “as insurance against the morons who run the world.”
Kiyosaki has repeatedly warned about market crashes and the state of the US economy. This week, he warned that inflation could lead to a “major depression,” noting that the housing sector is collapsing and foreclosures have increased 700% from last year.
In April, he warned against hyperinflation and depression. You have also repeatedly stated that we are in the largest bubble in the history of the world. In March he predicted that the US dollar was about to implode, advising investors to buy bitcoin (BTC), ethereum (ET) and solana (SOL).
Kiyosaki has said several times that he is waiting for bitcoin to hit bottom to buy more. Last month, she revealed that she is waiting for the price of BTC to test $ 1,100 before buying. Earlier this month, he said he was in a cash position waiting to do business, including BTCas asset prices are plummeting.
What do you think of Robert Kiyosaki’s predictions? Let us know in the comments section below.
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