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"Rich Dad Poor Dad" Author: Traditional Finance Bubble About to Burst, Bitcoin Could Rise to $750,000
ChainCatcher reports that, according to Cointelegraph, Robert Kiyosaki, author of Rich Dad Poor Dad, posted on social media that the “bubble burst” of traditional finance is imminent, and predicted Bitcoin will rise to $750,000 within a year after the bubble bursts.
Kiyosaki also forecasted gold to reach $35,000 per ounce, a 546% increase from its all-time high closing price, while his $750,000 target for Bitcoin represents a 500% increase from its previous high. Analysis indicates that Kiyosaki’s Bitcoin-to-gold ratio is 21.5, well below the December 2024 high of 40 and also below the current 22 200-day moving average.
Kiyosaki has been predicting an economic collapse since 2011, but many of his predictions have not materialized. For example, he predicted a stock market crash in 2016 in 2015, but the S&P 500 actually rose 9.5% that year; in May 2024, he claimed “the biggest crash in history has begun,” but both stocks and precious metals subsequently rose.