The author of the book Rich Dad Poor Dad, Robert Kiyosaki warns that bitcoin could drop to $60,000, while also revealing a strategy to leverage the dip for future profit.

Robert Kiyosaki prepares for a $60,000 Bitcoin crash

Famous author Robert Kiyosaki, known for the book Rich Dad Poor Dad, shared further insights about bitcoin, forecasting a potential drop before long-term gains. Co-authored with Sharon Lechter, Kiyosaki's best-selling book from 1997 has sold over 32 million copies, has been translated into 51 languages, and has been on the New York Times Best Sellers list for over six years.

On Sunday, Kiyosaki warned on social media platform X about the possibility of the bitcoin price collapsing. He wrote, "bitcoin will collapse," further explaining:

Bitcoin is stagnating below $100,000. This means that BTC could drop to $60,000.

However, he remains optimistic, clarifying: “If and when that happens, I will not sell. BTC will be sold. I will buy more.”

He also expressed confidence in the long-term potential of bitcoin, predicting the price will stabilize at around $250,000 by 2025. Emphasizing his strategy, Kiyosaki stressed that buying bitcoin is more important than the timing of the purchase, he wrote:

At this stage of the BTC process… price is less important than the amount of BTC you can buy. I want more BTC.

His comments came after a previous post urging investors to buy bitcoin, gold, or silver to protect against the depreciation of fiat currency. Last week, Kiyosaki asserted that bitcoin could soon exceed $100,000, warning that failing to invest early could leave the middle class behind.

He wrote that "When bitcoin surpasses $100,000, ONLY extremely wealthy individuals like corporations, banks, and sovereign investment funds will be able to afford to buy bitcoin with any consequences."

This famous author has always advocated BTC as a hedge against economic instability. In July, he predicted bitcoin could reach $10 million per coin, citing concerns about the U.S. national debt and the potential depreciation of the dollar. By November, Kiyosaki confirmed the prediction of Microstrategy CEO Michael Saylor about bitcoin reaching a value of $13 million, reinforcing his belief in the dominance of BTC in global financial systems. These forecasts highlight Kiyosaki's long-term bullish stance on bitcoin, viewing it as a safeguard against economic downturns and currency devaluation.