'Rich Dad' Robert Kiyosaki Predicts the Market in 2024, Bitcoin Price Could Reach $120,000!

Robert Kiyosaki, author of the bestselling financial book 'Rich Dad Poor Dad', is known for his incisive predictions about the financial world. Amidst the challenges facing the global financial sector in 2023, Kiyosaki is back with three of his key predictions for 2024, covering both the traditional finance space and cryptocurrencies. Let's explore these predictions that could change the way you look at the financial markets! Translated with DeepL.com (free version)

Bitcoin Price Could Reach $120,000

The image created by AI
According to Finbold, Kiyosaki's first prediction focuses on the fate of Bitcoin and the US dollar. He believes that the BRICS countries-Brazil, Russia, India, China, and South Africa-will launch gold-backed cryptocurrencies, which could signal a decline in the US dollar. According to Kiyosaki, Bitcoin and precious metals such as gold and silver will benefit from this situation, as investors are expected to shift their funds to these assets in response to the soaring inflation resulting from the dollar's retreat. In his view, Bitcoin could reach a new record high of $120,000. Kiyosaki emphasizes that the US dollar is due for a pullback. He suggests buying gold, silver, and Bitcoin in response to the expected sharp rise in inflation.

Bonds and Stocks May Weaken in 2024

In contrast to conventional investment wisdom, Kiyosaki states that traditional investors who typically allocate 60% of their portfolio to bonds and 40% to stocks will face significant losses in 2024. Instead, he suggests a radical shift to a portfolio consisting of 75% gold, silver, and Bitcoin, with the remaining 25% invested in real estate or oil stocks. According to the financial educator, this unconventional mix is designed to help investors survive what he calls "the biggest crash in world history." Kiyosaki suggests that investors consider this change in strategy to avoid huge losses.

Potential Economic Depression

The image created by AI Furthermore, Kiyosaki's third prediction is a stern warning about the potential severity of an impending market crash. Rejecting the idea of a soft landing, he argued that a hard landing was more likely and could escalate into a serious economic depression. Referring to his earlier book, "Rich Dad's Prophecy," published in 2012, Kiyosaki urges investors to prepare for the worst. Since 2024 is an election year, he injected a political note, advising against voting for liberal candidates whom he labeled as "woke green Marxists." Instead, he advocates conservative choices to avoid what he believes could be the transformation of the US into a Marxist country like Russia, China, or Cuba. Ultimately, Kiyosaki's predictions are important to take note of, although they remain subject to change, given the market fluctuations that might affect the overall economic outlook.