The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788.” He stressed that the “real problem” is in the bond market, which is “40 times larger” than the stock market. He is waiting for the price of bitcoin to fall further to buy some.
Robert Kiyosaki Warns Bond Market Is Crashing
The author of Rich Dad Poor Dad, Robert Kiyosaki, has made several fresh predictions about the stock and bond markets. 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.
The famous author tweeted Friday:
U.S. bond market crashes. Biggest bond crash since 1788 … Bond markets bigger than stock market. I am buying more gold, silver now, and waiting for bitcoin to go lower.
He also stressed that China’s real estate market is crashing, noting that there are “Over 90 million empty condos in China.”
In a follow-up tweet, the Rich Dad Poor Dad author explained:
Losers watching stock market. Real problem is in bond market. Bond market 40 times larger than stock market. Please pay attention to bonds, not stocks. Major crash to come.
He tweeted in April that bonds are the riskiest investment in a global meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver, and bitcoin “as insurance against morons running the world.”
Kiyosaki has repeatedly warned about market crashes and the state of the U.S. economy. This week, he warned that inflation may lead to a “Greater Depression,” noting that real estate is crashing and foreclosures are up 700% from last year.
In April, he cautioned about hyperinflation and depression. He also said repeatedly that we are in the biggest bubble in world history. In March, he predicted that the U.S. dollar was about to implode, advising investors to buy bitcoin (BTC), ethereum (ETH), and solana (SOL).
Kiyosaki has said several times that he is waiting for bitcoin to bottom out to buy some more. Last month, he revealed that he’s waiting for the price of BTC to test $1,100 before buying. Earlier this month, he said he is in cash position waiting to pick up bargains, including BTC, as asset prices are crashing.
What do you think about Robert Kiyosaki’s predictions? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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