Robert Kiyosaki predicted depression in the markets and called for buying bitcoin

He believes that hyperinflation is coming as a bubble grows, including in the stock market

18.04.2022 - 15:00

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2 min

What’s new? Robert Kiyosaki, American writer and author of the bestseller “Rich Dad Poor Dad,” has published a post on Twitter suggesting that hyperinflation and depression are coming. He also called for buying gold, silver, and bitcoin.

Source: Twitter.com

What does the entrepreneur say? In September 2021, Kiyosaki had already warned of the collapse and depression in the financial market looming amid uncontrolled inflation. He believes that hyperinflation is coming as the bubble grows, including in the stock market.

What had happened before? At the end of March 2022, Kiyosaki predicted the collapse of the dollar. In his view, this will happen because of the unstable geopolitical situation in the world. Kiyosaki calls for buying more gold, silver, and cryptocurrencies. He emphasized Bitcoin, Ethereum, Solana.

On April 8, Bank of America’s chief investment strategist Michael Hartnett stated that cryptocurrencies could outperform bond and stock yields. He also predicted a “recession shock” is coming in the United States amid a tightening of monetary policy by the Federal Reserve System (Fed).

On April 12, Canadian entrepreneur Kevin O’Leary said that the price of bitcoin will never fall to zero. He explained that he sees cryptocurrency as a means of savings. O’Leary noted that he has set aside equal shares of his portfolio for bitcoin and gold (5% each).

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