Robert Kiyosaki Reveals Reason Behind Market Crash Ahead Fed’s FOMC Minutes

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As an analyst, I’ve been closely following Robert Kiyosaki’s insights, and once again, he’s making waves with his latest remarks about the recent market downturn. In numerous past social media posts, he’s cautioned about this very scenario, which has ignited debates within the financial sphere, particularly in anticipation of the upcoming Fed’s FOMC minutes. Interestingly, in his most recent post, he delved into potential causes of the crash, yet he remains optimistic about Bitcoin‘s future prospects.

So, let’s take a look at his recent comments and see his intake on the recent market fundamentals.

Robert Kiyosaki Shares Insight On Market Crash

Robert Kiyosaki, well-known for his “Rich Dad Poor Dad” books, recently reinforced his prediction of a significant market crash, stating that it has now materialized. In a recent post on X, Kiyosaki referenced his 2013 book “‘Rich Dad’s Prophecy’,” which had warned about an upcoming stock market crash. This development has added to the unease in the crypto market, as stocks and cryptocurrencies often move together. Investors are keeping a close eye on the Federal Reserve’s FOMC Minutes from December for further insights.

Reasons Behind The Recent Crash

The author contends that the crash in 2008 was caused primarily by the decisions made by leaders, with former Federal Reserve Chairman Ben Bernanke being one of them. He emphasized banker bonuses over the well-being of average citizens as his priority. Moreover, the author points out that several sectors such as the automobile industry, housing market, retail, among others, are currently facing a slump.

Despite the bleak perspective, Kiyosaki believes there are opportunities for astute investors. He anticipates that valuable assets such as homes, gold, silver, and Bitcoin may become more accessible, offering a means to amass wealth. Furthermore, he encourages investing in real assets, particularly gold and silver mines. Lastly, the author encourages readers to stay calm and informed, pointing out that market collapses can spark growth and wealth creation.

Why Is Bitcoin Crash A ‘Great News’?

In a different article, the writer of Rich Dad Poor Dad reaffirmed his positive outlook on Bitcoin. Despite Bitcoin’s price dropping approximately 6% today to reach $95,845, and its trading volume surging by 36% to hit $66 billion, Robert Kiyosaki encouraged investors to purchase even more.

Robert Kiyosaki’s On BTC Accumulation

Interestingly, the writer has just referred to the current drop in Bitcoin’s value as “excellent news,” a statement that has generated quite a buzz in financial circles. Yet, he clarified that he is actually purchasing more Bitcoins, reasoning that when Bitcoin falls in price, it’s essentially going on sale.

At the same time, he encourages investors to continue buying Bitcoin at lower prices and hold onto it. This demonstrates his increasing faith in Bitcoin’s future potential. Additionally, he emphasized the scarcity of Bitcoin by stating that there are only approximately “2 million more Bitcoins” left to be mined.

Crypto Market Crash Fuels Concern

The significant sell-off of digital assets totaling $712 million following the crypto market crash has noticeably affected investor confidence. Meanwhile, although financial expert Robert Kiyosaki remains optimistic, many investors are seeking explanations as to why the Bitcoin price is currently experiencing a downturn.

It’s worth mentioning that investors seem to be adopting a conservative approach as Bitcoin surpassed $100K on the previous day. Meanwhile, experts have expressed concerns about potential market fluctuations due to several significant economic occurrences planned for this coming week.

Today marks the release of the Federal Open Market Committee (FOMC) Minutes from the US Fed. Following the Fed’s last rate cut for the year last month, which sparked a significant market pullback, these minutes could potentially exacerbate current market fluctuations. Meanwhile, traders will closely monitor the upcoming employment data from the US to gauge the condition of the job market.

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2025-01-08 12:13