Author Rich Dad Poor Dad warns 'Triple Bubble' is here, millions will be wiped out
Rich Dad Poor Dad's author Robert Kiyosaki warns that the US economy is facing headwinds of a "triple bubble".
Kiyosaki told his 2.71 million YouTube subscribers that the US is currently facing a real estate bubble, a stock market bubble, and a simultaneous bond bubble.
The famous investor said,
“2008 was [a] great time to get rich. Everything has been sold. Borrowed millions of dollars to buy bargain real estate. In 2013, I published Rich Dad's Prophecy predicting BIGGER trouble to come. CRASH IT IS HERE. Millions of people will be wiped out. [Please] don't be one of them. Time for you to become richer.”
Kiyosaki also argued to his two million Twitter followers that investors need to change their investment mindset before adjusting their portfolios.
“It's not what's in your wallet. That's what's in your head? All markets crash: real estate, stocks, gold, silver, Bitcoin. The middle class was wiped out by higher oil inflation. Rich get richer. The difference is in the head, not the wallet. CHANGE WHAT'S IN YOUR TOP FIRST… then get richer.”
At the end of June when Bitcoin (BTC) was trading below $20,000, Kiyosaki said he was waiting to buy the top crypto asset at a massive discount.
“Rich Dad's Lesson: ‘Losers give up when they lose. “Bitcoin losers are giving up… Winners learn from their losses. I'm waiting for Bitcoin to 'test' $1,100. If it recovers, I will buy more. If not, I'll wait for the losers to 'surrender', give up and buy more."
Aug 30, 2022