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Best-selling author Robert Kiyosaki, warns of an impending market crash, followed by a long-term bull run for gold, silver, and Bitcoin.
What Happened: On Wednesday, Kiyosaki, author of the popular book Rich Dad Poor Dad, took to X to express his views on the future of the market. He predicted a historic crash in the prices of real estate, stocks, bonds, gold, silver, and Bitcoin BTC/USD .
However, he also forecasted a subsequent bull market cycle starting in late 2025, which he believes will be a boon for gold, silver, and Bitcoin investors. He said the patience of such investors will be rewarded.
Kiyosaki stated, They know this long cycle bull market is coming because they know faith and confidence in FAKE money is dissolving. He also suggested potential future prices for gold, silver, and Bitcoin, predicting they could reach $15,000 an ounce, $110.00 an ounce, and $10 million per coin respectively.
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Why It Matters: Kiyosaki has previously warned of a market crash, stating that such downturns present unique opportunities for wealth accumulation. He has been a vocal critic of the devaluation of fiat currencies and has consistently advocated for investments in gold, silver, and Bitcoin.
Previously, Kiyosaki warned of the crash, but also highlighted that crashes are the best time to get rich. He has also unveiled his Bitcoin strategy amid market crashes, emphasizing the potential for wealth growth during such periods.
In 2023, Kiyosaki sounded a warning regarding the equity market and has been a consistent backer of gold, silver, and Bitcoin. His latest post seems to be in line with his long-standing views on the market and investments.
Price Action: Bitcoin was seen trading 3.05% lower at $60,165.14 at the time of writing, according to Benzinga Pro data.
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This story was generated using Benzinga Neuro and edited by Shivdeep DhaliwalMarket News and Data brought to you by Benzinga APIs
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