Coinspeaker Robert Kiyosaki Predicts Historic Market Crash, Urges Investment in Bitcoin
The author of “Rich Dad Poor Dad” Robert Kiyosaki has recently warned of the “biggest crash in history”, predicting significant declines in real estate, stocks, bonds, gold, silver, and Bitcoin. However, he sees this impending downturn as an opportunity, suggesting to his followers that it is the best time to buy Bitcoin at a discount. The Bitcoin bull noted that it is possible for the leading digital asset to reach an all-time high of $10 million following the crash.
On July 4, Kiyosaki stated in a post on social media platform X:
“Technical charts indicate the biggest crash in history is coming. GREAT NEWS: Good time to buy bargains will follow.”
Kiyosaki’s Bitcoin Price Prediction
Kiyosaki further predicted that this crash would set the stage for a major long-term bull market cycle, which he believes will start in late 2025 and continue to raise prices for years. Kiyosaki emphasized that this anticipated bull market is the moment gold, silver, and Bitcoin investors have been waiting for.
He pointed to the United States’ status as the biggest debtor nation in history and the declining faith in traditional “FAKE” money. Drawing parallels with historical events such as the collapse of Germany’s Reichsmark and Zimbabwe’s dollar, he argued that people are waking up to the realities of the financial system. He states:
“[Investors] know this long cycle bull market is coming because they know faith and confidence in “FAKE” money is dissolving.”
The 77-year-old confidently predicts that after the crash, traditional assets like gold and silver could reach $15,000 an ounce and $110 an ounce, respectively. Meanwhile, Bitcoin could “easily” hit $10 million, according to the millionaire.
Bitcoin is currently trading around $58,700, down by more than 3.5% in the last 24 hours. This drop has generated a sense of fear in the market, as indicated by the Fear and Greed Index, which currently stands at 44.
Crypto Enthusiasts Divided
Kiyosaki’s followers were divided when it came to his bold prediction. Some agreed with his predictions, while others expressed skepticism, pointing out that he has been issuing similar warnings for several years. One user on X said:
“Make up your mind. You’ve been telling people to stock up on gold, silver, and bitcoin. Now you’re claiming it’s going to crash.”
This is not the first time Kiyosaki has supported Bitcoin. In June, he stated that investing in Bitcoin is “the easiest path” to becoming a millionaire. He often suggests to his followers to buy cryptocurrency while predicting the collapse of the US dollar. Kiyosaki has also highlighted the potential threat from BRICS nations, which are reportedly working on a gold-backed stablecoin, as a catalyst for the weakening of the US dollar.
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Robert Kiyosaki Predicts Historic Market Crash, Urges Investment in Bitcoin