Prominent Bitcoin supporter and author of the best-selling book on managing personal finances, Robert Kiyosaki, recently tweeted a dire forecast regarding traditional financial markets that he believes will happen shortly.
“Don’t be fooled,” Kiyosaki warns
Kiyosaki cautioned about the state of the stock market at the moment. In the last day, the S&P 500 Index hit a new all-time high of 1.07%, the Nasdaq Composite Index rose by 1.74%, the Dow Jones Industrial Average index added 0.35%, and other key indices had increases of similar magnitude. The US stock market is now rising due to a number of factors, including high corporate earnings and an unexpectedly strong employment report from January.
https://x.com/theRealKiyosaki/status/1753626054546387433?s=20
But according to financial guru Kiyosaki, the US economy is not nearly as robust as it appears, despite the fact that the stock market continues to rise. The US government-financed Magnificent 7 is essentially keeping the stock market afloat, according to Kiyosaki. These businesses include Elon Musk’s Tesla, Apple, Microsoft, NVIDIA, Amazon, Meta Platforms, Alphabet (the parent company of Google), and NVIDIA.
Kiyosaki cautions investors, predicting a near-term collapse in the bond and equity markets.
Nonetheless, some Twitter users question Kiyosaki’s dire forecasts and generally do not think highly of him as a financial guru. Several people who commented on his tweet noted that Kiyosaki has been calling for a market and US currency meltdown for the previous four or five years. Additionally, during the previous few years, a Twitter user shared screenshots of his “crash predictions.”
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Here’s why Kiyosaki holds Bitcoin
Three days ago, Kiyosaki sent a tweet outlining his reasoning for beginning to purchase Bitcoin, the most popular cryptocurrency in the world. He views Bitcoin as “protection against our money being stolen in order to steal our wealth.” He went on to say that “inflation, taxation, and stock price manipulation” are the ways that Wall Street bankers, the Treasury Secretary, and the chairman of the Federal Reserve steal money from regular Americans.
https://x.com/theRealKiyosaki/status/1752487550093320640?s=20
Another significant factor Kiyosaki previously stated was the Fed’s issuance of billions of dollars. For this reason, he favours Bitcoin over US dollars, equities, and bonds.
