PANews reported on March 19th that, according to Cointelegraph, Robert Kiyosaki, author of "Rich Dad Poor Dad," posted on social media that a "bubble burst" in PANews reported on March 19th that, according to Cointelegraph, Robert Kiyosaki, author of "Rich Dad Poor Dad," posted on social media that a "bubble burst" in
Author of "Rich Dad Poor Dad": Traditional financial bubbles are about to burst; Bitcoin may rise to $750,000.
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PANews reported on March 19th that, according to Cointelegraph, Robert Kiyosaki, author of "Rich Dad Poor Dad," posted on social media that a "bubble burst" in traditional finance is imminent, predicting that Bitcoin will rise to $750,000 within a year of the bubble bursting. Kiyosaki also predicted that gold will rise to $35,000 per ounce, a 546% increase from its all-time closing price, while his $750,000 target price for Bitcoin represents a 500% increase from its all-time high.
Analysis indicates that Kiyosaki's Bitcoin-to-gold ratio is 21.5, far below its all-time high of 40 in December 2024, and also below its current 200-day moving average of 22. Kiyosaki has been predicting economic collapses since 2011, but many of his predictions have failed. For example, in 2015 he predicted a stock market crash in 2016, when the S&P 500 actually rose 9.5%; in May 2024 he claimed that "the biggest crash in history has begun," but since then, both stocks and precious metals have recorded gains.
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