Key Insights:
- Robert Kiyosaki predicts a historic crypto and stock market crash, warning of severe economic turmoil.
- Kiyosaki believes silver has better upside potential than gold and Bitcoin currently.
- Bitcoin’s store of value is still acknowledged by Kiyosaki despite silver’s appeal.
As BTC price hovered near the $104.6k mark amid a topsy-turvy scenario in the broader crypto market, Robert Kiyosaki has sparked fresh speculations. In a recent X post, the Rich Dad Poor Dad author has once again reiterated his prediction over the “biggest market crash in history.” However, what caught the investors’ eyes was his tone over a potential shift from Bitcoin to other safer assets.
Robert Kiyosaki Shifts Bitcoin Focus Amid Stock and Crypto Market Crash Warning
The renowned Rich Dad Poor Dad author has once again sparked discussions among the broader financial market participants. In a recent X post , he predicted that the stocks, bonds, and real estate markets are likely to witness a historic collapse ahead.
Notably, he believes that the crash, which he predicted in his 2013 book Rich Dad’s Prophecy, will hit hardest during the summer months. Besides, he noted that the Baby Boomers will take the most hit amid the “biggest market crash in history.”
He reiterated that the traders who can act strategically during this turmoil could be the most beneficial. In other words, he noted that the investors who will spend their capital on some selected assets can get much wealthier during this economic downturn. However, his suggestions about the assets have fueled speculations of whether he is abandoning Bitcoin for silver or gold.
Bitcoin Vs. Silver Debate In Focus
While reiterating his warning over a looming financial market crash, Robert Kiyosaki also noted that Bitcoin still remains a key asset as a hedge against economic turmoil. However, he highlighted that BTC might not offer the same opportunities as silver in the short term.
In his social media post, the Rich Dad Poor Dad said that Silver is still trading at a discount, around 60% down from its peak. Having said that, he deems the precious metal as an asset with better upside potential than both gold and Bitcoin. He said that he would trade his fiat currency for physical silver during this turmoil.
However, his statement that “The biggest bargain today is silver” has sparked speculations among traders. It has sparked discussions about whether he will also reduce his Bitcoin holdings to accumulate more Silver in the near term.
Is Bitcoin Losing Its Shine Amid Stock Market Crash?
Robert Kiyosaki has reiterated his belief in BTC , saying that it still has a store of value. However, his soaring focus on Silver indicates a change in his priorities. So, why might BTC be losing its shine against Silver for the author? This stock market and crypto crash might have changed the way things look.
Meanwhile, Bitcoin price has recently touched a new all-time high and is trading above the $100k mark. In contrast, Kiyosaki sees Silver as a “cheap” asset, making it an attractive alternative.
In other words, his move signals that some prominent investors may be leaning toward undervalued assets with more upside potential amid a looming market crash. Besides, he also hinted that Silver is accessible to people around the world. Also, he predicted that the previous metal price could triple in value this year.
Unlike Gold or Bitcoin, Silver still trades near $35 per ounce. This gap from its historic highs makes it appealing to those seeking growth during the economic turmoil.
However, despite that, it appears that Robert Kiyosaki is still betting on all three assets. For context, in another recent post, he predicted a massive surge in all these assets, claiming gold to hit $25,000, Bitcoin soaring to as much as $1 million, and Silver to $70.
