'Rich Dad Poor Dad' Author Expects Stock Market to Collapse, Sees Depression Coming

U.Today - Prominent investor in Bitcoin and gold, entrepreneur in the sphere of financial education and author of the popular book "Rich Dad Poor Dad," has taken to Twitter to predict yet another negative future coming for the U.S. economy soon.

He expects a depression to arrive after the current economic situation gets worse. In earlier tweets, Kiyosaki urged his followers to stock up on Bitcoin and other risk-hedging assets, and this has gone unnamed in the majority of his tweets in the past three years.

"Too many signs that point to a severe crash coming"

He warns those who have made too big a bet on stocks and bonds to the degree that their future now depends on those markets to "please be careful, possibly ask for professional advice."

"Get into Bitcoin asap," Kiyosaki says

The major indexes, such as the Dow Jones, Nasdaq and S&P 500, have been on the rise. The "Rich Dad Poor Dad" author believes that the stock market is rising, as it is following the U.S. debt ceiling.

"America is getting poorer," he stated, suggesting that even though this is happening, there is still a chance to get rich, and he urged his followers to get into Bitcoin, gold and silver asap.

New BRICS currency may push BTC to $120,000, Kiyosaki says

Kiyosaki believes that once it happens, trillions of USD will remain unused and will flow back into the United States, thus increasing inflation tremendously and bringing on a massive economic crash, along with depression.

He reckons that as soon as it happens, as the $120,000 level, and it may happen by the end of next year.

Investor and financial guru Kiyosaki has been predicting the approaching crash of the U.S. dollar since early 2020, when trillions of USD were injected into the economy to support banks, corporations and average U.S. households against the pandemic that broke out then. Since that time, the U.S. Fed Reserve continues to print large amounts of USD — this year it was done to bail out crashed U.S. banks — and Kiyosaki continues to use this argument in his Bitcoin price predictions.

This article was originally published on U.Today