The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788.” He stressed that the “real problem” is in the bond market, which is “40 times larger” than the stock market. For bitcoin prices to continue falling, Kiyosaki is waiting to purchase some.
Robert Kiyosaki warns that the bond market is in danger
Robert Kiyosaki is the author of Rich Dad Poor Dad. He has several new predictions for stock and bond markets. Rich Dad Poor Dad was co-authored in 1997 by Kiyosaki, Sharon Lechter and is available as a PDF. For six consecutive years, it has been a New York Times Best Seller List. It has been sold more than 32,000,000 copies in 51 languages and more than 109 nations.
This famous author wrote a tweet Friday
U.S. bond markets crash. Biggest bond crash since 1788 … Bond markets bigger than stock market. Now I buy more gold and silver, while waiting for bitcoin’s price to fall.
He also stressed that China’s real estate market is crashing, noting that there are “Over 90 million empty condos in China.”
The Rich Dad Poor Dad author shared his thoughts in a follow up tweet:
Watch out for losers in the stock market Bond market is the real problem. Stock market and bond market are 40 times smaller than bonds market. Attention should be paid to bonds and not stock markets. We are headed for a major crash.
In April, he tweeted that bonds were the most risky investment during a global financial meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver, and bitcoin “as insurance against morons running the world.”
Kiyosaki warned repeatedly about market crashes as well as the economic state in the United States. This week, he warned that inflation may lead to a “Greater Depression,” noting that real estate is crashing and foreclosures are up 700% from last year.
He cautioned against depression and hyperinflation back in April. He repeatedly stated that the world is in the largest bubble in history. He predicted in March that the U.S. Dollar was on its way to collapse and advised investors to invest in bitcoin (BTC), Ethereum (ETH) or solana(SOL).
Kiyosaki stated several times that bitcoin’s price will eventually bottom before buying more. Last month, he revealed that he’s waiting for the price of BTC to test $1,100 before buying. In an earlier interview, he stated that he was in cash, waiting to grab bargains.
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