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Rich Dad Poor Dad author Robert Kiyosaki says investors should pay close attention to a wave of layoffs at tech giants like Google, Microsoft, Facebook and Amazon.
Kiyosaki tells his 2.3 million Twitter followers that he believes a major market crash begins this month, and he expects all assets including gold and crypto to initially plummet.
“Silicon Valley first dominos [to] fall, laying off 144,000 in 2022. 66,000 more 2023.
VALENTINES DAY MASSACRE predicted by Stansberry Research. Everything will crash including prices, gold, silver, Bitcoin. Do not panic. Good news. I will buy more gold, silver and Bitcoin – real money with fake money.”
After the fall, Kiyosaki believes the Federal Reserve will be forced to print billions to prop up markets, expanding the nation’s debt and eroding the value of the dollar.
He expects scarce assets like gold, silver and Bitcoin to explode in value by the start of 2025.
Giant crash coming. Depression possible. Fed forced to print billions in fake money.
By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin [is the] people’s money. Take care.”
Kiyosaki says part of BTC’s appeal is its relative safety from a regulatory perspective.
While the U.S. Securities and Exchange Commission has many aspects of the crypto industry in its crosshairs, the agency has repeatedly stated Bitcoin is not a security.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong
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