Renowned author and investor Robert Kiyosaki has warned of a possible financial market crash this year. He restated this position after publishing the scenario in 2014, citing several economic woes. Over the years, Kiyosaki has pointed to Bitcoin (BTC), gold, and other precious metals to survive the coming economic downturn. Crypto prices are trading sideways, with bears expecting similar positions in the coming weeks.
Rich Dad’s Prophecy
In a recent post on X, Kiyosaki hinted that the biggest market crash would happen in 2025. Kiyosaki and other commentators have hinted at slowing economic activities and macro factors leading to a financial market crash. However, Kiyosaki terms it the biggest in history, sending shock waves to several investors.
According to him, many people would lose their jobs in the coming Great Depression which will also impact stocks and homes. Many experts have complained about heightened global tensions and other factors leading to the predicted scenario. Amid present realities, Kiyosaki advised people to accumulate Bitcoin and gold and to reduce the impact of the crash.
“Also, you may want to start your own business…. a business that will thrive during the coming depression. For example, if you have the land you may want to raise vegetables, chickens for eggs, or cattle. My books and Cashflow Game do well in a crash…. Because people realize they need to increase their financial education. In a crash, real estate may do well as prices crash and homes become affordable.”
He noted that despite challenging times, a financial crash can make some people richer. This is due to access to information and funds moving to new players.
Bitcoin To Hedge Against Inflation
Global inflationary trends have led many to pitch Bitcoin as a hedge against inflation. This is among the use cases of the crypto market leader leading to mainstream adoption. Young users have adopted the assets due to harsh local conditions as inflation soars. Previously, centralized institutions and governments opposed Bitcoin, but the asset’s consistent rise has changed the status quo.
As a hedge against inflation, Bitcoin has been placed alongside gold, sparking debates on both asset’s prospects. Bitcoin’s price has outpaced gold, coupled with a successful spot ETF in the United States that attracted over $40 billion, pushing the asset’s price to multiple all-time highs last year.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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