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Robert Kiyosaki, a Bitcoin investor, entrepreneur, and author of the best-selling book on personal wealth, "Rich Dad Poor Dad," has predicted an imminent market crash, encouraging his followers to purchase Bitcoin beforehand.

Biggest Crash in History is Coming

In a recent tweet, Kiyosaki specifically addressed Baby Boomers, indicating that they may find Bitcoin to be a perplexing asset. He warns of impending downturns in the stock market, bond market, and real estate sectors. Kiyosaki noted that Boomers have historically benefited from market booms due to their investment strategies like the 401k retirement program. However, he believes that their aging will lead to significant market declines in the 2020s.

Kiyosaki does not view his home as an asset and is skeptical about relying on 401k for retirement. He urges boomers to act quickly: “Before the CRASH that is coming… buy gold, silver, and Bitcoin now.” He asserts that the upcoming crash presents an opportunity to build wealth.

Kiyosaki’s proclamation comes at a time when Bitcoin has surpassed the $100,000 mark for the first time.

Kiyosaki Expects Bitcoin to Hit $500,000

Earlier this year, Kiyosaki predicted Bitcoin could reach $500,000 by 2025 and $1 million by 2030, based on AI forecasts. Looking further ahead, he echoed Michael Saylor’s prediction that Bitcoin could attain a staggering $13 million per coin in 10 years, displacing part of gold's market capital.

This article was originally published on U.Today.