Robert Kiyosaki Warns of Bitcoin Crash to $5,000: Here's Why
Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad,” has issued a dire warning about an impending financial crisis that he believes will lead to a significant market downturn, including the possibility of Bitcoin crashing to $5,000 per coin. In a post on X today, Kiyosaki detailed his view of the current economic situation, comparing it to the Global Financial Crisis (GFC) of 2008.
Why Bitcoin Could Drop to $5,000
Kiyosaki recalls the events of 2008, citing the global financial crisis as the pivotal moment when, in his view, “criminals at the Federal Reserve and the Treasury began printing trillions of fake dollars to prevent a global depression.” He argues that these measures were taken to save “their super-rich friends,” while the general public suffered the consequences.
According to Kiyosaki, the massive influx of newly printed money has led to what he describes as the “Everything Bubble,” a phenomenon where all markets begin to artificially inflate, “floating on a sea of fake money.” He believes that this bubble is unsustainable and is on the verge of turning into an “Everything Crash.” He warns that “everything will crash, including gold, silver, and Bitcoin,” suggesting that the market is approaching a tipping point similar to a “peak boom.”
Kiyosaki stressed that this impending collapse could be detrimental to most people, potentially leading to a global recession that was fortunately avoided in 2008. He urged people not to become complacent or comfortable in what he considered a “false bubble” but instead to prepare for the coming economic downturn.
He points out that famous investors have done this by selling “overvalued” assets and converting them into cash. The best-selling author cites Warren Buffett as an example, noting that Buffett has reportedly sold his Apple shares and built up a large reserve of US dollars.
Despite the bleak outlook, Kiyosaki sees the predicted crash as an opportunity for those who are prepared. He encourages people to take proactive steps, even if they currently lack the financial resources. “After the crash…after the bubble…those who are prepared will be really rich…I plan to be one of those prepared people…I plan to be even richer…and I want you to be even richer,” Kiyosaki remarked.
Specifically on Bitcoin, Kiyosaki predicts that the cryptocurrency could fall to $5,000 during the crash. However, he also predicts a strong recovery, with Bitcoin potentially soaring to $100,000 or even $250,000 and beyond once the market stabilizes.
“Take Bitcoin for example… it could drop to $5,000 a coin….then skyrocket to $100,000 to $250,000 and beyond. Obviously I would buy all the Bitcoin I could, as well as other assets, at bargain prices,” he stated.
Throughout his post, Kiyosaki maintains a critical stance toward the Federal Reserve and the United States Treasury, whom he accuses of maintaining a flawed financial system that benefits a select few at the expense of the majority. He concludes, “I want you to be one of the wealthy… not one of the victims of the criminal Federal Reserve and Treasury.”
At press time, BTC was trading at $65,657.
