Gate News reports that on March 19, author Robert Kiyosaki of “Rich Dad Poor Dad” posted on social media predicting an imminent “bubble burst” in traditional finance. He forecasts Bitcoin will rise to $750,000 within a year after the bubble bursts, a 500% increase from its all-time high. Kiyosaki also predicts gold will reach $35,000 per ounce, a 546% increase from its previous record close.
Analysis shows that Kiyosaki’s Bitcoin-to-gold ratio is 21.5, well below the December 2024 high of 40 and also below the current 22 on the 200-day moving average. Notably, Kiyosaki has been predicting an economic collapse since 2011, but many of his forecasts have not materialized. 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 begun,” but both stocks and precious metals subsequently rose.
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