- Robert Kiyosaki issues a stark warning about an impending stock market crash.
- Kiyosaki attributes the stock market’s current strength to government financing.
- He continuously advocates for Bitcoin as a hedge against market turbulence.
Renowned author of “Rich Dad Poor Dad” and vocal Bitcoin advocate Robert Kiyosaki has issued a stark warning regarding the stability of traditional financial markets, particularly the U.S. stock market.
In a recent tweet, Kiyosaki expressed concerns about the current bullish trends in major indices. Notably, the Dow Jones Industrial Average, Nasdaq Composite Index, and the S&P 500 Index have seen significant gains in the past 24 hours, with the S&P 500 reaching a new all-time high.
Robust corporate earnings and a better-than-expected January jobs report fuel the apparent strength of the market. Yet, Kiyosaki believes that the underlying economic conditions are far weaker than they appear.
He attributes the continued ascent of the stock market to what he terms the “Magnificent 7.” It refers to a group of major companies, including Apple, Alphabet (NASDAQ:GOOGL), Met…
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