Renowned finance author Robert Kiyosaki is sounding the alarm, warning that the stock and bond markets are on the brink of collapse. In a message to his 2.5 million followers on social media platform X, Kiyosaki explains that the current stock market rally is being fueled by government dollars.
Kiyosaki specifically highlights the impressive performance of the “Magnificent Seven” stocks, including tech giants like Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia. According to data from Goldman Sachs cited by Yahoo! Finance, these stocks collectively surged by 71% in 2023, while the rest of the S&P 500 only saw a 6% increase.
By emphasizing the rise of the Magnificent Seven, Kiyosaki suggests that investors may be misled into thinking that the US economy is set for further growth. However, he cautions against this belief and warns that a crash in both the stock and bond markets is imminent.
Kiyosaki relies on Bitcoin for protection
Kiyosaki reveals that he continues to hold Bitcoin (BTC) as a safeguard against actions taken by the Federal Reserve (Fed), Treasury Department, and Wall Street. He believes that these entities erode wealth through inflation, taxation, and manipulation of stock prices.
While Bitcoin is currently valued at $42,844, the S&P 500 recently reached an all-time high of 4,975 points. Despite this disparity in performance, Kiyosaki remains steadfast in his conviction to invest in Bitcoin rather than traditional assets like stocks and bonds.
Hot Take: Robert Kiyosaki Warns of Impending Stock and Bond Market Collapse, Advocates for Bitcoin
Renowned author Robert Kiyosaki is sending a dire warning to investors, predicting an imminent collapse in the stock and bond markets. According to Kiyosaki, the current rally is propped up by government dollars, particularly through the performance of the “Magnificent Seven” stocks. He urges caution, emphasizing that this upward trend does not reflect the true state of the US economy. To protect himself from potential wealth erosion caused by institutions like the Fed, Treasury Department, and Wall Street, Kiyosaki continues to hold Bitcoin. As he sees it, Bitcoin serves as a safeguard against inflation, taxation, and stock price manipulation. Despite recent market highs, Kiyosaki remains confident in his choice to invest in Bitcoin.
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