Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ — Waiting to Buy Bitcoin at Lower Price

Robert Kiyosaki Warns of "Biggest Bond Crash Since 1788" — Waiting to Buy Bitcoin at Lower Price

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. Tags in this story Rich Dad Poor Dad Bitcoin, Rich Dad Poor Dad bond market, robert kiyosaki, robert kiyosaki bitcoin, Robert Kiyosaki bond, Robert Kiyosaki bond crashes, Robert Kiyosaki BTC, Robert Kiyosaki market, Robert Kiyosaki predictions, robert kiyosaki stock market

What do you think about Robert Kiyosaki’s predictions? Let us know in the comments section below. Kevin Helms

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. Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price Movement MARKETS AND PRICES | 3 days ago Finder"s Experts Predict Ethereum Falling to $675 — Long-Term ETH Predictions Lowered Considerably MARKETS AND PRICES | 4 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItToday"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin