Bitcoin
Robert Kiyosaki Predicts Major Crash of Bitcoin and Other Assets; Here’s Everything
Robert Kiyosaki, the author of the famous book Rich Dad, Poor Dad and many others, is also known for his constant support for the cryptocurrency industry, especially Bitcoin. On several occasions, he has come forward to show his support for the industry while sharing various insights and predictions for the market.
In a post on X, he mentioned that he is holding Bitcoin and some other assets like gold and silver because he doesn’t trust the FED. Robert Kiyosaki He previously predicted that Bitcoin would rise to $100,000 by June, but that failed. And again, he predicted that the price would rise to $350,000 by August 2024, but now that prediction has turned into millions. However, investors will have to survive a major market crash.
Cryptocurrency Market Falls on Robert Kiyosaki’s Prediction
On July 3, Robert Kiyosaki shared a post X, predicting a serious fall in the financial market, which will not only impact Bitcoin Price but other valuable assets as well. According to his post, technical charts indicate that the biggest market crash will happen soon, where prices of real estate, stocks, bonds, gold, silver, and Bitcoin will fall.
Interestingly, the cryptocurrency market faced a heavy drop on the same day, with Bitcoin falling to a four-month low of $53906.57. However, the price of BTC recovered slightly from this, along with the other cryptocurrencies. This drop occurred after a series of events like Bitcoin ETF exit, Bitcoin transfers from MT Gox, and others that occurred recently, creating the Bitcoin dump. Altcoins
followed the same trend, which is why most cryptos turned red on the crypto market heat map. The impact of the drop was also visible in the global market capitalization, which fell to $1.97 trillion, the lowest value in five months.
Bitcoin Price Will Hit $10 Million
Although Rober Kiyosaki predicted a major market crash, he presented it as a buying opportunity, as a bull market will follow the crash by the end of 2025, which will drive up the price for the next few years. As a result, the prices of gold, silver, and Bitcoin will skyrocket, as investors anticipated.
BOOM GOING TO CRASH:
Technical charts indicate the biggest crash in history is coming. Prices of real estate, stocks, bonds, gold, silver and Bitcoin are all falling.
GOOD NEWS: There will be a good time to buy bargains.
Technical charts indicate that the market’s main long-term bull cycle will…
— Robert Kiyosaki (@theRealKiyosaki) July 3, 2024
Based on your analysis, this will be the end of Fiat Moneywhich he called Fake Money. As a result, the price of gold will rise to $15,000 per ounce, and the price of silver will rise to $110.00 per ounce. Finally, the price of Bitcoin will rise to $10 million per coin. However, cryptocurrency investors did not take this prediction too seriously, as expecting such a high price does not seem feasible with liquidity concerns.
Keep reading Ethereum ETFs vs. Bitcoin ETFs: How Their Approvals Differ