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.
“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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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 losses 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/SergZSV.ZP/Monteeldas Studio
