Financial expert and renowned author Robert Kiyosaki, known for his bestseller “Rich Dad Poor Dad,” has forecasted a major economic upheaval that could lead to a significant surge in Bitcoin (BTC) and silver prices, while predicting a steep decline for gold.

Economic Predictions from a Renowned Author

On the social media platform X, Kiyosaki expressed concerns about the U.S. economy and questioned the long-term viability of U.S. bonds. His prediction isn’t new; it follows the narrative of his previous book ‘Rich Dad’s Prophecy,’ where he warned about an impending “biggest crash in history.”

Gold to Crash, Bitcoin to Soar

Despite gold’s historical performance, outpacing the S&P 500 for decades, Kiyosaki anticipates a 70% plummet in the stock index and foresees gold dropping below $1,200. Conversely, he remains bullish on Bitcoin and silver, citing their potential for considerable gains.

The Case for Bitcoin and Tangible Assets

Kiyosaki has been vocal in recent weeks about the importance of tangible assets over traditional financial instruments. He has criticized the Federal Reserve and other financial institutions for perpetuating systemic wealth erosion and sees Bitcoin, with its decentralized and inflation-resistant nature, as a bulwark against these detrimental practices.

A Countermeasure Against Financial Erosion

Last January, Kiyosaki lambasted Federal Reserve Chairman Jerome Powell and other key financial figures for their role in diminishing wealth through inflation and other means. He views Bitcoin as a powerful countermeasure to these issues.

Cryptocurrency Market Trends

The cryptocurrency market cap recently surpassed $2 trillion, with Bitcoin’s price experiencing a 6.7% increase over the past week. It currently faces resistance at the $52,000 mark, following four weeks of positive momentum.

MicroStrategy’s Bitcoin Strategy

MicroStrategy, a business intelligence firm, seems to align with Kiyosaki’s perspective, holding a substantial amount of Bitcoin. The recent surge in Bitcoin’s value has significantly increased the company’s profits, sparking discussions about its potential inclusion in the S&P 500 index.