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Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has made a bold prediction in the current financial market setup. In his recent post on X, he warns of a looming stock market crash and its implications for investment options.
Although he didn’t explicitly identify these signs, Kiyosaki believes that indicators of a stock market crash are emerging. Historically, these indicators have included geopolitical tensions, rising interest rates, and high debts. Many of these warning signs are unfolding in the U.S. and globally, which could trigger a crash in the value of stocks.
A massive stock market crash could lead investors to seek refuge in safe-haven assets such as gold, silver, and Bitcoin. According to Kiyosaki, it has been known that assets like this tend to appreciate in value during market downturns. Investors often rush towards these assets to protect their funds from inflation and market instability.
Kiyosaki does not express optimism for investors with retirement plans tied to stocks. “Bad news for Baby Boomers with a 401(k),” he wrote, referring to the impending stock market crash.
As of press time, Bitcoin is trading at $121,352.37, up by 3.02% in the last 24 hours. The coin is just 1.25% away from flipping its all-time high of $123,091 set less than a month ago.
Source: u.today
