- Kiyosaki has predicted a giant crash that can only be hedged by major assets led by Bitcoin.
- The U.S. housing and labor market crisis is a major trigger of a potential market crash.
- The Bitcoin price is expected to rally amid high demand and a finite supply.
Robert Kiyosaki has predicted that the biggest stock market crash is now imminent. The author of Rich Dad Poor Dad stated that after years of refinement, investors should take refuge in Bitcoin (BTC), Gold, Silver, and Ethereum (ETH) as the stock market will soon crash.
“In Rich Dad’s Prophecy published in 2013 I warned of the biggest stock market crash in history still coming. That giant crash is now imminent,” Kiyosaki stated.
Top Reasons Why Kiyosaki Anticipates a Market Crash
U.S. Housing Crisis
Kiyosaki anticipates a market crash catalyzed by the strained U.S. labor market amid its housing crisis. According to a report from the St. Louis Federal Reserve, the median home value has more than doubled nationally since 2000, while per-capita income gained 155%.
As such, the United States is experiencing a worse financial crisis than in 2008, which resulted in a cascading bubble crash. If history repeats itself, the stock market is well positioned to capitulate as Kiyosaki is predicting.
Overbought Stock Market
The market crash prediction by Kiyosaki aligns with the technical bearish outlook on the S&P 500 index. In the weekly timeframe, the S&P 500 has been hovering around its multi-year resistance, with historical patterns signaling a potential selloff in the coming month.
As such, Kiyosaki reiterated his bullish stance on major assets led by Gold, Bitcoin, Silver, and Ethereum.
Why Bitcoin Now?
According to Kiyosaki, Bitcoin is the best hedge against an impending market crash due to its finite supply. The exponential demand for Bitcoin from institutional investors and governments has reduced its circulating supply in the past few years.
According to market data from BitcoinTreasuries, Strategy Inc. has led 193 public companies in accumulating 1.13 million Bitcoins, currently valued at about $77 billion. Government entities currently hold around 646,685 BTCs, while the spot BTC exchange-traded funds (ETFs) hold about 1,597,549 BTCs.
With the majority of Bitcoin already mined and held by long-term investors, Kiyosaki is confident the flagship coin will rally as other markets crash.
Robert Kiyosaki said he remains highly bullish on Bitcoin and is increasing his holdings as prices decline, citing its fixed 21 million supply, most of which is already in circulation.
Related: Robert Kiyosaki’s Bitcoin View Centers on Supply Limits as Market Fear Intensifies
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