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 that the bond market is collapsing
Rich Dad Poor Dad author Robert Kiyosaki has made several new stock and bond market predictions. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. Over 32 million copies of the book have been sold in over 51 languages in over 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 pointed out that the Chinese real estate market is collapsing, noting that there are “over 90 million empty condos in China.”
In a follow-up tweet, the Rich Dad Poor Dad author explained:
Losers watch the stock market. The real problem is in the bond market. Bond market 40 times larger than the stock market. Please pay attention to bonds, not stocks. Major crash ahead.
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 stock market crashes and the state of the US economy. This week he warned that inflation could lead to a “greater depression”, noting that real estate is collapsing and foreclosures are up 700% from a year ago.
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 repeatedly stated that he is waiting for bitcoin to bottom out to buy more. Last month, he revealed that he was waiting for the price of BTC to test $1,100 before buying. Earlier this month, he said he was in a cash position waiting for good deals, including BTC, as asset prices crash.
