Robert Kiyosaki has raised a concern, claiming that a stock and bond market crash is possible.
With a substantial following of 2.5 million on the social media platform X, Kiyosaki is using his influence to share a dire warning with investors.
Kiyosaki contends that the ongoing surge in the stock market is primarily driven by an influx of dollars from the US government.
He specifically draws attention to the remarkable performance of what he terms the “Magnificent Seven” stocks, encompassing major tech giants such as Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia.
Citing data from banking giant Goldman Sachs, it’s revealed that the Magnificent Seven experienced an impressive 71% collective surge in 2023.
In contrast, the remainder of the S&P 500’s stocks gained only 6% over the same time period.
Kiyosaki issues a cautionary note, warning that the success of the Magnificent Seven might be creating a misleading perception of the overall strength of the US economy.
In response to the looming market uncertainties, Kiyosaki discloses that he continues to hold Bitcoin (BTC) as a strategic move to safeguard against potential market downturns.
Kiyosaki elucidates his investment philosophy, making it explicitly clear that he favors Bitcoin over more traditional investment avenues like stocks, bonds, and fiat currency.
According to him, Bitcoin represents a genuine safeguard against the erosion of wealth caused by inflation, taxation, and manipulative practices affecting stock prices.
Kiyosaki unapologetically accuses key figures, including Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers, of orchestrating wealth theft through mechanisms such as inflation and stock price manipulation.
His dissatisfaction with the traditional financial system is palpable, with a clear preference for the decentralized and secure nature of Bitcoin.
As of the latest available data, Bitcoin’s value is registered at $42,844, underscoring its stability as a valuable asset.
This contrasts with the broader market, exemplified by the S&P 500 reaching a fresh all-time high of 4,975 points on a recent Friday.
Kiyosaki’s warning carries significant implications for investors, urging a reevaluation of their financial strategies in light of potential market volatility.
The endorsement of Bitcoin as a protective hedge prompts consideration of alternative investment avenues that align with Kiyosaki’s risk mitigation approach.