It would be the greatest stock market “crash” worldwide.
Kiyosaki recommends saving in gold, silver and bitcoin.
Investor and writer Robert Kiyosaki said his book Prophecy of Father Ricopublished in 2013, will be fulfilled in February 2025. According to its prognosis, the world will face a great magnitude financial collapse, which it describes as the “greatest crash of the stock market in history.”
Kiyosaki holds that This event will be promoted by the growing distrust in traditional financial institutionssuch as the Federal Reserve and the United States Treasury Department. It attributes the crisis to inappropriate monetary policies and the economic instability generated by these entities.
The investor warns that collapse It could be even more severe than the financial crisis of 2008with a deep impact on shares and bond markets.
The 2008 financial crisis was the most serious since the great depression (1929). It originated in the problem of the subprime mortgages of the United States and extended later, affecting not only the entire economy of that country, but also those of other nations, mainly, members of the European Union.
Bitcoin, an opportunity in the middle of the crisis
Despite their warnings, Kiyosaki also considers that this situation will present opportunities for strategic investors. PREDICES that assets such as Bitcoin (BTC), Gold and Silver will benefit significantly, since capitals will migrate from traditional markets to these alternative shelters.
In particular, Bitcoin’s potential stands out, stating that you could experience explosive growth due to the search for safer and profitable assets.
Its support for Bitcoin and investment in cryptocurrencies
The acclaimed author He has defended the importance of investing in Bitcoin on multiple occasions. In November 2023, he revealed that he has 73 BTC. This single tenure of the cryptoactive already makes it a millionaire, as reported by cryptootics.
“Bitcoin is the easiest way to become a millionaire. Making millions as an entrepreneur is difficult. I know. You have to be very intelligent, dedicated and be lucky to become a millionaire starting your own business. Savings in Bitcoin because Bitcoin does hard work for me. That is why I love Bitcoin, ”he said in June 2024.
In addition, Kiyosaki Recommend people to prepare for this alleged collapse by investing in tangible assets and Bitcoin. He argues that financial crises can be strategic moments to acquire goods at reduced prices.
A controversial but influential vision
Kiyosaki’s prediction is not exempt from questions. Kevin Svenson digital asset investor responded to his approach With skepticism: “Has BTC ever experienced a ‘boom’ when the actions collapsed? No. Not once. Not for a prolonged period. Would you prefer that it be? Yes, but it doesn’t work that way. ”
Kiyosaki He has maintained his speech on economic crises for yearsbased on his 2013 book, where he already anticipated a great market drop. However, their predictions have generated debate and have not always materialized.
In 2023, the businessman said that the US dollar was intended to “die” and that “billion dollars” would return to the United States, causing uncontrolled inflation. Nevertheless, Although some of his projections have not been fulfilled, his vision remains influentialespecially among those looking for alternatives to the traditional financial system.
