“Rich Dad Poor Dad” author Robert Kiyosaki said on X on September 15, “The biggest crash in history has already begun.” It’s spreading from Europe and Japan to the rest of the world, attributing it to AI mania, the war in Iran, excessive debt, and baby boomer retirements. He advises not to hold cash—switch to the gold-to-silver ratio, Bitcoin. If you can only choose one, he prefers Bitcoin.
Looking back at the past. In 2015, he predicted a 2016 stock-market crash, and as a result the S&P rose by 9.5%. In 2017, he said real estate would collapse, but the home price index rose 5.7% that year. In April 2020, he said the pandemic crash was getting worse; over the next 12 months, the S&P rose 53.3%, and Bitcoin rose 798%. In September 2022, he said stocks, real estate, and crypto “all must fall,” and over the next 12 months, all three had positive returns. The only time he was right about the direction was September 2021—while the stock market did indeed fall by 17.6%, the silver he recommended fell 19.1% and Bitcoin fell 55.5%. Following his allocation ended up losing more.
In ten years, five times “the biggest crash in history”—most of the time the market went up, and the one time he was right, the asset he recommended fell the hardest. 😂 #以太坊突破2700美元 #比特币突破8.5万美元 #Circle推出机构比特币抵押借贷 #NEAR一周涨近80%
Looking back at the past. In 2015, he predicted a 2016 stock-market crash, and as a result the S&P rose by 9.5%. In 2017, he said real estate would collapse, but the home price index rose 5.7% that year. In April 2020, he said the pandemic crash was getting worse; over the next 12 months, the S&P rose 53.3%, and Bitcoin rose 798%. In September 2022, he said stocks, real estate, and crypto “all must fall,” and over the next 12 months, all three had positive returns. The only time he was right about the direction was September 2021—while the stock market did indeed fall by 17.6%, the silver he recommended fell 19.1% and Bitcoin fell 55.5%. Following his allocation ended up losing more.
In ten years, five times “the biggest crash in history”—most of the time the market went up, and the one time he was right, the asset he recommended fell the hardest. 😂 #以太坊突破2700美元 #比特币突破8.5万美元 #Circle推出机构比特币抵押借贷 #NEAR一周涨近80%