Once again, the author of Rich Dad Poor Dad, Robert Kiyosaki, has caused talking in the financial market following his latest post on X. In his post, the famous man foresees a possible meltdown in the financial market, which increases the stress of traders in the ongoing fall of the market. Besides, he asked investors to stop paying attention to conventional assets such as equities and bonds and instead consider riskier options like gold, Bitcoin, and other alternatives.

Robert Kiyosaki Sounds the Alarm on Economic Risks

Kiyosaki had said in a recent post on X that baby boomers were especially vulnerable to the changing markets. He said history has repeatedly created unrealistic expectations, like the real estate boom of the 1970s and the expansion in the stock market due to 401(k) plans. He warned, Boomers will suffer the most when the stock market crashes, emphasizing the need for a big financial adjustment.

He also encouraged the next generation to tell their parents to start selling high-value assets, such as stocks and real estate, before the markets deteriorate further. “The biggest crash in history is coming,” he said of the markets. Take charge of your life and start gathering wealth before the financial collapse hits the baby boomer generation. He even went to the extent of likening investors to consider gold, silver, and Bitcoin as safe havens. In this statement, Kiyosaki makes it clear that he considers Bitcoin a reliable hedge against the coming economic disaster, notwithstanding the recent plunge in crypto markets.

Kiyosaki, meanwhile, has advocated for alternative investments. The investment guru has continuously advocated the strength of Bitcoin as he touted it could hold onto its own macro-economic stresses. His most recent advice, however, arrived with the increased market volatility driving home anxieties about broader market vulnerability after a liquidation wave amounting to $1.7 billion poured through the crypto market.

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Kiyosaki’s Vision for the Future of Finance

In fact, he has boldly predicted that the value will rise to $1 million by 2030 and $500,000 in 2025. These forecasts demonstrate his faith in Bitcoin’s growing popularity and ability to weather economic downturns. He goes ahead to second the very ambitious prediction made by Michael Saylor of reaching $13 million, proving his faith in the humongous potential it possesses.

Notwithstanding confidence, Kiyosaki is very careful about market fluctuations. While he has asserted the long-term value of Bitcoin, he has also admitted to short-term losses and considers it important for investors to take a long-term view.

Bitcoin: The Ultimate Shield Against Fiat Currency Instability

Kiyosaki’s strong support for Bitcoin originates from his distrust of traditional currencies. He continually condemns government-controlled currencies as dangerous, referring to the US dollar as “fake money.” Citing the BRICS bloc’s preference for local currencies, he emphasizes the US dollar’s declining popularity.

Furthermore, Kiyosaki feels that Bitcoin is an excellent hedge against inflation and government intervention because to its decentralization and restricted supply. He also feels that diversifying into other tangible assets, such as gold and silver, is critical for surviving in unpredictable economic times.

Is the $100,000 Bitcoin the beginning or the end?

Although the $100,000 milestone is significant, Kiyosaki feels Bitcoin is just getting started. He believes that there will be even higher peaks in the future and advises for a strategy that emphasizes preparation, patience, and a thorough understanding of Bitcoin’s position in a well-diversified portfolio.

Kiyosaki’s perspective emphasizes the necessity of thinking about Bitcoin as a long-term asset for the average investor. As economic crisis approaches, the case for Bitcoin’s value becomes increasingly persuasive.

Also Read: Laszlo Hanyecz: The Man Behind Bitcoin’s First Purchase and His Net Worth