Bitcoin proponent and author of Rich Dad Poor Dad Robert Kiyosaki believes that the American stock market will crash soon. What arguments does the author of the forecast give?
Details of R. Kiyosaki's statement
Robert drew attention to the bullish trends observed in the major indices. During February 2–3, indices of such companies as Dow Jones, Nasdaq Composite and S&P 500 showed impressive growth. It is important to note that the S&P 500 index not only showed great growth, but was also able to reach record levels.
Corporate earnings and an upbeat January report suggest the market has some strength. Despite the positive trends, the author of the forecast believes that the real state of affairs is many times worse than it seems at first glance.
Kiyosaki called it "The Magnificent Seven". So, according to the expert, such giants as Apple, Alphabet, Meta Platforms, Amazon, Microsoft, NVIDIA and Tesla are supported by the state. Accordingly, growth can be considered artificial. We all know that artificially inflated indicators are followed by a loud drop. At the same time, we must not forget about price fluctuations. After a significant decline, rapid growth began. There is no stability, from the word “at all”.
It is important to note that Kiyosaki is not limited to forecasts only for the stock market. He believes that we should expect a collapse in the bond market as well. In this regard, the author of the forecast believes that only the cryptocurrency market can become a “safe haven” for investors. In particular, Bitcoin.
Kiyosaki said that now is the time to invest in Bitcoin. Robert believes that already in the current year, 2024, the cost of the No. 1 cryptocurrency can overcome the mark of 100 thousand dollars and reach 150 thousand.
Some conclusions
After Robert posted his tweet on Network X, users began commenting on it. They believe that the author is greatly exaggerating his paints. Some commentators point out that most of Kiyosaki's predictions did not come true. Accordingly, you should not pay attention to his new words and conclusions.
Despite negative criticism, Kiyosaki continues to insist on his opinion. Although, if you carefully analyze all recent events, you can make similar statements.
