"Rich Dad Poor Dad" author: The traditional financial bubble is about to burst, bitcoin may rise to $750,000
ChainCatcher news, according to Cointelegraph, "Rich Dad Poor Dad" author Robert Kiyosaki posted on social media that the "bubble burst" of traditional finance is imminent, and predicted that bitcoin will rise to $750,000 within a year after the bubble bursts.
Kiyosaki also predicted that gold will rise to $35,000 per ounce, an increase of 546% from its historical highest closing price, while the $750,000 bitcoin target price is a 500% increase from its historical high. Analysis pointed out that Kiyosaki's bitcoin-to-gold ratio is 21.5, far below the historical high of 40 in December 2024, and also below the current 200-day moving average of 22.
Kiyosaki has been predicting economic collapse since 2011, but many of his predictions have not come true. For example, in 2015 he predicted a stock market crash in 2016, but the S&P 500 actually rose 9.5% that year; in May 2024 he claimed "the biggest crash in history has already begun," but since then both the stock market and precious metals have recorded gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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