Robert Kiyosaki, popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’, has emphasized the imminent collapse of “everything” as he continues to warn of an impending crisis that will sweep the United States and the world. He was specifically referring to the words of fellow author and financial editor Harry Dent, who said in an interview with Kitco News’ Michelle Makori earlier this year that the “everything bubble” could burst in 2024, and that Bitcoin could also break. At the time, Bitcoin had fallen below $40,000.

Robert Kiyosaki’s strategy

According to Kiyosaki, Dent “also predicts that Bitcoin will fall to $200 per cryptocurrency”. In this case, however, the “Rich Dad Poor Dad” author vowed to “buy as much BTC as he can”, referring to the flagship of cryptocurrencies. Kiyosaki sees Bitcoin as “the people’s money” according to the X post. He also echoed Dent’s view that Baby Boomers will be the biggest losers as the value of their homes declines and the S&P 500 falls 80%. He suggested that in this scenario “they would just buy more real estate, gold and silver.” Kiyosaki also explained whether Dent’s views are correct:

Those who are prepared will soon be multi-millionaires and probably a few new billionaires, and even if they are not, those who hold gold, silver and Bitcoin will be richer.

In fact, Kiyosaki has long suggested buying precious metals and the most prominent cryptocurrency as a way to protect oneself in the coming crisis and “win” the next Great Depression amid the startling similarities between the stock markets of 2024 and 1929.

Kiyosaki’s Bitcoin price prediction attracts attention

Meanwhile, the crypto market continued to consolidate its previous gains. The first crypto asset is currently trading at a price of $66,121. This represents an intraday decline of 0.80% and a loss of 5.08% for the week. On a weekly basis, it represents a modest decline of 1.27%. The past month has been lucrative for Bitcoin. However, Cryptocoin.com As we have reported, many renowned crypto trading experts are optimistic about its future, putting the BTC price prediction between $100,000 this year and $1,000,000 in 2025, based on multiple indicators observed.

However, it is critical to do one’s own research before investing. According to experts, the financial world is preparing for a collapse that will “touch every asset”. Meanwhile, the narratives of Robert Kiyosaki and Harry Dent are critical. It reveals a compelling story of wealth creation in an era of economic collapse. Their assets – real estate, gold, silver, cryptocurrencies, Bitcoin – provide a refuge from market crises.

Kiyosaki’s economic forecasts

Robert Kiyosaki, by the way, is one of the few people who predicted and warned about the 2008 financial crisis. In the early 2000s, he argued that the real estate market was a bubble and would sooner or later burst. His views were criticized by many at the time. However, the crisis of 2008 showed that Kiyosaki was right.