Renowned investor and author Robert Kiyosaki has made headlines again by predicting a major stock market crash set for February 2025. He strongly advises investors to shift their focus towards Bitcoin (BTC), as well as gold and silver.
What Happened
Kiyosaki shared his predictions on social media, stating that he anticipates billions in outflows from traditional stock and bond markets into Bitcoin. He passionately declared, "Bitcoin will boom, boom, boom. Get on board while you can. Get out of fake and into cryptocurrency, as well as gold and silver."
He emphasized that even owning one Satoshi could lead to wealth, while many may end up losing everything in the impending crash.
Why It Matters
This isn't the first time Kiyosaki has warned of market declines. He previously forecasted a major market crash back in October 2024 during a time when stocks were experiencing a bull run. Despite this, the Dow Jones Industrial Average and the S&P 500 have seen increases of 4.31% and 2.6%, respectively, since then.
Kiyosaki's bullish stance on Bitcoin is well-documented; he has made bold price predictions before, including a $100,000 target for Bitcoin by June 2024, which it achieved in December. He also forecasted a $350,000 price target by August last year.
Price Action
As of the latest updates, Bitcoin (BTC) is trading at $101,804.30, reflecting a 0.49% increase over the past 24 hours, according to data from Benzinga Pro.
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