Noted best-selling author of Rich Dad Poor Dad Robert Kiyosaki warned of “the biggest bond crash since 1788.” He stressed that the “real problem” is the bond market, which is “40 times bigger” than the stock market. He is waiting for a further drop in the price of bitcoin in order to buy some.
Robert Kiyosaki warns of a bond market crash
Rich Dad Poor Dad author Robert Kiyosaki made some fresh predictions about the stock and bond markets. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lecter. It was on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages in over 109 countries.
The famous author tweeted on Friday:
The collapse of the US bond market. Biggest bond crash since 1788… The bond markets are bigger than the stock market. Now I am buying more gold, silver and waiting for bitcoin to drop lower.
He also stressed that China’s real estate market is crashing, noting that “there are over 90 million vacant apartments in China.”
In a subsequent tweet, the author of Rich Dad Poor Dad explained:
Losers watch the stock market. The real problem in the bond market. The bond market is 40 times larger than the stock market. Please look at bonds, not stocks. There’s a big accident coming.
In April, he tweeted that bonds are the riskiest investment amid the global crisis. “Unfortunately, novice investors are following rookie advice: 60 (stocks) and 40 (bonds) combinations,” he opined, recommending investors to buy gold, silver and bitcoin “as insurance against the idiots who rule the world.”
Kiyosaki has repeatedly warned about market crashes and the state of the US economy. He warned this week that inflation could lead to a “Great Depression,” noting that real estate is collapsing and foreclosures are up 700% from a year ago.
In April, he warned of hyperinflation and depression. He also repeatedly said that we are in the biggest bubble in world history. In March, he predicted that the US dollar was about to collapse, advising investors to buy bitcoin (BTC), ethereum (Ethereum) and solan (SOL).
Kiyosaki has said several times that he is waiting for bitcoin to bottom so he can buy more. Last month, he said he was waiting for the price of BTC test $1100 before buying. Earlier this month, he said he was in a cash position pending deals, including BTCas asset prices fall.
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