A crash course to 2025? Hardselling Bitcoins while the Sun still shines
Robert Kiyosaki has predicted a stock market crash and suggested that people buy gold, silver and bitcoin. 'Global crash has started. Europe, China. USA going down. Depression ahead? Please be smarter with your money. Hang on to your job and your money,' he posted on X last week.
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Sell, sell, sell! Buy, buy, buy! This is the panic-button exhortation being made to baby boomers — those born between 1946 and 1964 — by the co-author of the 1997 international bestseller Rich Dad Poor Dad, Robert Kiyosaki. He has now predicted 'the biggest crash in history', which will make the Wall St debacle of the 1920s look like a birthday party.
'When the stock market bursts, boomers will be the biggest losers,' he warns, adding, 'If I were a child of a boomer, I would make my parents sell their stocks, bonds, and homes now… before the crash that is coming.'
After the big sell-off, according to Kiyosaki, what should boomers buy? Two of his recommendations are the usual suspects, gold and silver. But the third is a dark horse: bitcoin.
Bit who? A few years ago, that might have conjured a mental image of someone chomping on a piece of metal currency to see if it was made of precious or inferior metal. But today, bitcoin is the most valuable and best-known of the many thousands of cryptocurrencies in cyberspace circulation.
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