Best-selling author Robert Kiyosaki is predicting a historic market crash that will trigger a massive amount of money printing and send values of gold, silver and Bitcoin (BTC) soaring.
In a new post on the social media platform X, the Rich Dad Poor Dad author says the US may be on the verge of an economic collapse.
[adinserter block="1"]“I hope I am wrong, but as I forecasted, the biggest market crashes in stocks, bonds and real estate are about to happen in the very, very near future.”
Kiyosaki believes that the economic collapse will force the US Federal Reserve and Treasury to increase global market liquidity (M2), debasing the US dollar.
“If the markets do crash odds are the Fed and Treasury will print trillions in fake dollars, increasing M2 money supply which will probably cause massive inflation. Simply said: I do not trust the Fed and Treasury. They will turn on the fake money press.”
He predicts that the dollar debasement will lead to inflation and higher prices for store of value investments like gold, silver and Bitcoin.
“I trust gold, silver and Bitcoin to protect me from the coming massive inflation caused by the loss of purchasing power of fake money, which is why I have been warning for years, ‘savers are losers.'”
He also says that silver may double in value by next year, reaching $70.
Bitcoin is trading for $101,194 at time of writing, up 4.4% in the last 24 hours.
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