Renowned investor and author Robert Kiyosaki on Monday predicted a major stock market crash in February and advised investors to focus on Bitcoin, gold, and silver.
What Happened: Kiyosaki discussed the prophecy, predicting billions in outflows from the stock and bond markets to Bitcoin.
Kiyosaki emphasized the bullish prediction for the apex cryptocurrency, saying that even a small amount of Bitcoin will make people rich, while millions lose everything.
Kiyosaki warned of a big stock market crash in 2013 and now says that crash will happen in February 2025. He thinks this is good news because in a crash, everything goes on sale, like cars and houses.
This is not the first time Kiyosaki has predicted market declines. He talked about a major market crash in October 2024 when stocks were doing well. Since then, the Dow Jones Industrial Average and the S&P 500 have risen 4.31% and 2.6%, respectively.
Earlier this month, Kiyosaki warned of a giant market crash and advised people to invest in Bitcoin, gold, and silver. He is a big supporter of Bitcoin and has made big price predictions before. Last year, he said Bitcoin would hit $100,000 in June 2024, and it actually reached that price in December.
At the time of writing, Bitcoin was worth $101,804.30, up 0.49% in the last 24 hours. Kiyosaki’s predictions are notable because he has been right before, and his warnings about market crashes have gotten attention from investors.
