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"Rich Dad Poor Dad" Author: The traditional financial bubble is about to burst, and Bitcoin may rise to $750,000
According to Cointelegraph, Robert Kiyosaki, the author of "Rich Dad Poor Dad," stated 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 predicts that gold will rise to $35,000 per ounce, a 546% increase from its historical highest closing price, while the $750,000 target price for Bitcoin represents a 500% increase from its historical high. Analysts point out that Kiyosaki's Bitcoin to gold ratio is 21.5, significantly lower than the historical high of 40 in December 2024, and below the current 22 of the 200-day moving average.
Kiyosaki has been predicting an economic collapse since 2011, but many of his predictions have not come true, such as predicting a stock market crash in 2016 in 2015, while the S&P 500 actually rose 9.5% that year; in May 2024, he claimed that "the largest crash in history has begun," but since then, both the stock market and precious metals have recorded gains.
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