Indeed, Kiyosaki has stated that the global economy is what he termed as ‘the biggest bubble in history’ adding to his long-term gloomy economic prediction, he said in a tweet on November 25. Interestingly, the author notes that he does not invest in products such as equities and bonds while calling on investors to ditch paper assets.
Gloomy economic outlook
Notably, the global economy has greatly been impacted by the prevailing macroeconomic factors led by high inflation and interest rate hikes. Interestingly, the effects have also spread over to the crypto markets. However, Kiyosaki has remained bullish on Bitcoin and precious metals, maintaining that the products will potentially emerge stronger, with the economy likely to collapse. In the meantime, the crypto market has taken a hit from the FTX exchange collapse, but Kiyosaki has stressed that Bitcoin (BTC) and Ethereum (ETH) stand a chance of rallying in the future.
Kiyosaki’s Bitcoin prediction
At the same time, Kiyosaki has predicted that the maiden cryptocurrency could hit the $1 million mark in five years, although he expressed his preference for gold. Kiyosaki’s belief in Bitcoin’s prospects saw the author note that the asset’s revolution ‘will be bigger than the gunpowder revolution.’ Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
