The creator of the private finance bestseller Wealthy Dad Poor Dad, Robert Kiyosaki, is leaning bearish on the inventory market whereas remaining bullish on Bitcoin (BTC).
The very best-selling creator tells his 2.7 million followers on the social media platform X {that a} prophecy he fabricated from an enormous inventory market crash in a e-book he wrote 12 years in the past is about to be fulfilled.
“In Wealthy Dad’s Prophecy (2013) I warned the largest inventory market crash in historical past was coming. That crash might be in February 2025.
Excellent news as a result of in a crash every thing goes on sale. Automobiles and homes on sale now.
Higher information – billions will go away the inventory and bond markets and rush into Bitcoin.
Bitcoin will growth, growth, growth.
Get on board whilst you can.
Get out of faux and into crypto, in addition to gold and silver.
Even one Satoshi will make you wealthy, whereas tens of millions lose every thing.”
In line with Kiyosaki, Bitcoin has “energy” due to two rules governing economics and expertise – Gresham’s Legislation and Metcalfe’s Legislation.
On Gresham’s Legislation, the best-selling creator says,
“When BAD cash enters a system GOOD cash goes into hiding. Good cash – gold and silver have been hiding from FAKE US {dollars} for years.
Right now, Gold, silver, and Bitcoin are forcing the pretend US greenback into hiding.”
Metcalfe’s Legislation, which is obvious in applied sciences that get pleasure from community results comparable to social media platforms, states {that a} community’s worth is straight associated to the variety of linked customers or the dimensions of the community. Within the context of Bitcoin, Metcalfe’s Legal guidelines has been cited by, amongst others, Constancy Funding’s world macro director Jurrien Timmer.
Kiyosaki has on varied events expressed bullish sentiment on Bitcoin. In March of 2024, the Wealthy Dad Poor Dad creator predicted Bitcoin would hit $300,000.
Bitcoin is buying and selling at $100,939 at time of writing.
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Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in online marketing.
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