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

Rich Dad Poor Dad author Robert Kiyosaki has once again made headlines with his comments on the recent market crash. He has repeatedly warned of the crash in several prior posts on social media, which has sparked discussions in the market, especially as the market awaits the upcoming Fed’s FOMC minutes. However, in his recent X post, he has shared the potential reasons behind the crash, but still maintained his bullish outlook on Bitcoin.

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

Renowned Rich Dad Poor Dad author Robert Kiyosaki has reiterated his prediction of a massive market crash, confirming that it is now a reality. In a recent X post, Kiyosaki referenced his 2013 book “Rich Dad’s Prophecy,” which forecasted the impending stock market crash. This has fueled crypto market concerns, as stocks and crypto often move in tandem, with investors awaiting the Fed’s FOMC Minutes from December.

Reasons Behind The Recent Crash

The author attributes the crash to the actions of leaders in 2008, particularly former Fed Chairman Ben Bernanke, who prioritized banker bonuses over the welfare of ordinary citizens. Besides, he notes that various sectors, including the car market, housing market, and retail, are currently experiencing a downturn.

However, despite the grim outlook, Kiyosaki sees opportunities for savvy investors. He predicts that valuable assets like houses, gold, silver, and Bitcoin will become more affordable, presenting a chance to accumulate wealth. He also emphasized capitalizing on this by investing in real assets, including gold and silver mines. Lastly, the author advises readers to remain calm and informed, highlighting that market crashes can be a catalyst for growth and wealth accumulation.

Why Is Bitcoin Crash A ‘Great News’?

In a separate post, the Rich Dad Poor Dad author has maintained his bullish stance on Bitcoin. As BTC price today slipped nearly 6% to $95,845 while its trading volume soared 36% to $66 billion, Robert Kiyosaki urged investors to buy more.

Robert Kiyosaki’s On BTC Accumulation

Notably, the author has recently called the ongoing Bitcoin crash “Great news”, which has sparked market discussions. However, he confirmed accumulating more BTC, saying that “Bitcoin crashing means Bitcoin is on sale.”

Simultaneously, he has urged investors to keep accumulating BTC at lower price and hold. This also showcases his growing confidence in the flagship crypto and its long-term perspectives. Besides, he also highlighted the limited supply of BTC, saying that only “2 million more Bitcoins” are left to be mined.

Crypto Market Crash Fuels Concern

The recent crypto market crash has weighed on the investors’ sentiment, as evidenced by the liquidation of $712 million in the digital assets space. Simultaneously, despite Robert Kiyosaki’s bullish take, investors are looking for potential reasons behind the recent drop in BTC price.

Notably, the investors appear to have maintained a cautious stance as BTC soared past the $100K mark yesterday. On the other hand, the experts also warned over potential volatility with a flurry of key economic events scheduled for this week.

For context, the US Fed’s FOMC Minutes is scheduled to be released today. The market saw a major pullback after the US Fed announced the last rate cut of the year last month. Having said that, the December FOMC minutes might fuel the ongoing market volatility. Simultaneously, the traders will also keep close track of the upcoming US Job data to understand the health of the Labor Market.