Robert Kiyosaki Predicts Historic Market Crash, Urges Investment in Bitcoin

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As a researcher with a background in finance and experience following the cryptocurrency market closely, I find Robert Kiyosaki’s latest predictions both intriguing and provocative. The author of “Rich Dad Poor Dad” has been vocal about his belief in the upcoming crash and the subsequent bull market cycle. His prediction of significant declines in various assets, including Bitcoin, followed by a major long-term bull market is a bold call that divides opinions among crypto enthusiasts.

Robert Kiyosaki, the writer of “Rich Dad Poor Dad,” has issued a stark warning about an imminent financial crisis, anticipating substantial drops in real estate, stocks, bonds, gold, silver, and Bitcoin. Yet, he views this upcoming downturn as a prospective buying opportunity, advising his supporters to consider purchasing Bitcoin at a reduced price. The Bitcoin advocate believes that the premier digital currency could potentially reach a new peak of $10 million after the market correction.

On July 4, Kiyosaki stated in a post on social media platform X:

As a researcher studying market trends, I’ve noticed some concerning patterns emerging in technical charts. While it may be disheartening to hear about potential market crashes, these events often present unique opportunities for savvy investors. In the aftermath of such a downturn, prices tend to be significantly discounted, making it an excellent time to consider purchasing undervalued assets.

Kiyosaki’s Bitcoin Price Prediction

According to Kiyosaki’s forecast, the upcoming stock market crash, predicted to occur around late 2025, will pave the way for a robust and prolonged bull market. This bull market cycle, as he sees it, will significantly boost prices for an extended period. For investors in gold, silver, and Bitcoin, this anticipated market surge is long-awaited and potentially lucrative.

Referencing the United States as the world’s most indebted nation and growing skepticism towards conventional currencies, he made comparisons to past financial crises like Germany’s Reichsmark and Zimbabwe’s dollar. He emphasized that people are becoming increasingly aware of the intricacies of the monetary system.

“Investors are confident that this prolonged bull market will ensue due to waning trust and certainty in perceived monetary value.”

The 77-year-old expresses strong conviction that following a market crash, the price of gold may rise to $15,000 per ounce, and silver to $110 per ounce. In contrast, Bitcoin could supposedly surge past the $10 million mark according to this wealthy individual.

The price of Bitcoin hovers near the $58,700 mark, representing a decrease of over 3.5% within the past 24 hours. This decline has instilled unease among investors, as reflected in the Fear and Greed Index, currently reading at 44.

Crypto Enthusiasts Divided

Supporters of Kiyosaki were split in their reactions to his audacious forecast. While some aligned themselves with his views, others voiced doubt, mentioning that he had made comparable cautions for an extended period. A commentator on X remarked:

I understand the confusion some people may have regarding my previous recommendations and current perspective on the value of gold, silver, and bitcoin. Let me clarify my stance based on the latest research I’ve conducted:

Kiyosaki hasn’t shied away from endorsing Bitcoin before. Back in June, he expressed that investing in Bitcoin was the most straightforward route to amassing wealth. He frequently advises his audience to purchase cryptocurrency and anticipates the demise of the US dollar. Furthermore, Kiyosaki has brought attention to the potential danger from BRICS countries, who are rumored to be developing a gold-backed stablecoin, as a possible trigger for the US dollar’s depreciation.

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2024-07-04 13:51