$BTC Robert Kiyosaki, author of 'Rich Dad Poor Dad,' believes that 'the biggest collapse in history' will hit the markets this summer, potentially leading to bankruptcy for millions, especially from the 'Baby Boom' generation. He has previously predicted this in his book 'Rich Dad's Prophecy' in 2013.
Kiyosaki sees this collapse including stock, bond, and real estate markets, with billions of dollars flowing into gold, silver, and bitcoin.
How to prepare for this potential collapse according to Kiyosaki?
Kiyosaki focuses on the necessity of proactive preparation to turn this crisis into an opportunity. Here are his key tips:
Investing in real assets (safe havens):
♦️Gold: Gold is considered a traditional safe haven during times of economic crises and retains its value.
♦️Silver: Kiyosaki sees silver as 'the biggest deal today' and expects its value to triple by 2025, pointing out that it is still 60% lower than its all-time high.
♦️Bitcoin: Despite the volatility of cryptocurrencies, Kiyosaki recommends bitcoin as one of the assets that will protect wealth from the decline in the value of fiat currencies.
1️⃣Getting out of overvalued assets:
🌟Kiyosaki recommends getting out of stock, bond, and real estate markets, especially if their values are inflated.
🌟He advises selling real estate, stocks, and bonds now while prices are high.
2️⃣Increase savings and develop new income sources:
👈Instead of solely relying on traditional retirement plans like 401(k) or IRA, the focus should be on increasing savings and developing income sources that do not heavily depend on the overall economic performance.
👈He advises starting private projects and entrepreneurship, as opportunities can arise during times of crisis.
3️⃣Stay calm and don't panic:
💫Kiyosaki emphasizes the importance of not making rash decisions due to falling prices or feelings of greed.
💫He says that collapses are the best time for wealth for those who are prepared and not panicked.
💡💡Summary of his predictions:
✅Collapse: A major crash in stock, bond, and real estate markets is expected this summer.
✅Safe havens: Gold, silver (especially silver as the biggest opportunity), and bitcoin.
✅Goal: Turn the crisis into an opportunity for wealth by being prepared and taking proactive actions.
In the end, Kiyosaki's predictions remain bold and differ from the views of many financial experts, so it is always advisable to research before making any investment decisions😌😌.
