Kiyosaki Warns of Impending Stock Market Crash

Robert Kiyosaki, a famous expert on financial markets and supporter of Bitcoin, has warned about what will happen to the US stock and bond markets.

Kiyosaki warns investors not to be fooled by the apparent success, even though significant indices like the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 have recently hit record highs.

Kiyosaki’s Caution on Stock and Bonds

The analyst’s tweet got a lot of interest from people in the financial world as he said, “Don’t be fooled.” The Dow Jones measure went up by 0.35%, the Nasdaq went up by 1.74%, and the S&P 500 hit a new all-time high, increased by 1.07% in the last 24 hours. The increase in corporate earnings and an unexpectedly strong January jobs report rise to good momentum.

The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don’t be fooled. The Magnificent 7 financed by US government dollars keeps stock market up. Please be careful. Stock and Bond markets about to crash.

— Robert Kiyosaki (@theRealKiyosaki) February 3, 2024

In contrast, Kiyosaki disagrees with the common view and says that the US economy’s outward strength is only a display. In his opinion, the current direction of the stock market is supported by what he calls the “Magnificent Seven”—a group of companies that the U.S. government helps. Tech giants like Apple, Alphabet, Meta Platforms, Amazon, Microsoft, NVIDIA, and Elon Musk’s Tesla are among these companies.

Kiyosaki warns people about the stock and bond markets, saying a crash is coming soon. Although Kiyosaki’s prediction is very important, one X user quickly points out that he has made similar predictions in the past, questioning the credibility of Kiyosaki’s status as a financial guru. Some users shared pictures of his past predictions of market crashes and the fall of the U.S. dollar that happened in the last four to five years.

If you call crash 1000 times , eventually it will happen someday and you will call yourself a “Finance Guru” and start selling books to people pic.twitter.com/bXyT5js4Eq

— बleरिon (@nethinguwant) February 3, 2024

To be more open about why he owns Bitcoin, Kiyosaki went on Twitter three days ago to discuss why he recently changed his approach. He considers Bitcoin a defense against key financial figures’ manipulative schemes that drain people’s wealth. 

Why I own Bitcoin. Bitcoin is protection against the theft of our wealth via our money. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, & stock price manipulation. That is why I save…

— Robert Kiyosaki (@theRealKiyosaki) January 31, 2024

The head of the Federal Reserve, the secretary of the Treasury, and Wall Street bankers are accused by Kiyosaki of stealing the wealth of regular Americans through “inflation, taxation, and stock price manipulation.”

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