Halloween’s origins can be traced back to the ancient Celtic festival known as Samhain, which was held on November 1 in contemporary calendars. It was believed that on that day, the souls of the dead returned to their homes, so people dressed in costumes and lit bonfires to ward off spirits. Halloween is here and it’s time for some bad news or scary predictions.
It is always the end of the world as we know it. Copied from an article on CoinPedia, renowned financial expert Robert Kiyosaki, well-known for his bestselling book “Rich Dad Poor Dad,” has made a bold prediction about an imminent economic crash, challenging traditional investment advice. Kiyosaki suggests that adherents of the conventional 60/40 investment strategy may suffer significant losses in 2024.
He proposes a radical shift, recommending allocating 75% of investments into assets like gold, silver, and Bitcoin, with the remaining 25% in real estate and oil stocks. Kiyosaki’s unconventional stance is rooted in his belief that gold, silver, and Bitcoin will be invaluable during times of economic uncertainty, potentially experiencing substantial growth when traditional markets decline.
He is notably bullish on Bitcoin, predicting it could reach USD120,000 within the next year and even surge to an astonishing USD500,000 per BTC by 2025. In the event of a global economic downturn, Kiyosaki speculates that Bitcoin’s price might reach unprecedented heights, possibly soaring to USD1 million.
Kiyosaki’s concerns revolve around the extensive money printing by the US central bank which raises questions about the stability of traditional currencies, particularly the dollar. His warnings echo the sentiments of many financial experts, leading investors to consider alternative assets as a means to safeguard their wealth.