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Rich Dad Poor Dad author Robert Kiyosaki has renewed his warning that the stock and bond markets are about to crash. βThe stock market is climbing higher and higher. Suckers actually believe the economy is strong. Donβt be fooled,β Kiyosaki stressed. Recently, he cautioned that the next crash may turn into a depression.
Robert Kiyosakiβs Latest Market Crash Warning
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with another warning that the stock and bond markets are about to crash. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Friday: βThe stock market is climbing higher and higher. Suckers actually believe the economy is strong. Donβt be fooled. The Magnificent 7 financed by U.S. government dollars keeps stock market up.β The famous author cautioned:
Please be careful. Stock and bond markets about to crash.
The Magnificent 7 stocks refer to seven mega-cap tech companies, namely Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia.
Kiyosaki has made numerous warnings about impending market crashes. The renowned author has repeatedly stated that he doesnβt trust the Federal Reserve, the Biden administration, the Treasury Department, and Wall Street bankers. He has warned that our leaders will drive the U.S. economy into a depression and another war. He said in December last year that the next crash may turn into a depression.
Last month, Kiyosaki warned investors about the U.S. governmentβs ballooning debt, urging them to buy bitcoin. This week, he also explained why he owns BTC, emphasizing that the cryptocurrency protects βagainst the theft of our wealth via our money.β Following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), the famous author revealed that he increased his bitcoin holdings. He believes the BTC will soon hit $150K, advising investors to pay attention to the upcoming Bitcoin halving.
Do you think Rich Dad Poor Dad Dad author Robert Kiyosaki is right about the impending stock and bond market crashes this time? Let us know in the comments section below.
