Key Points
- Robert Kiyosaki anticipates a historic market crash, suggesting it’s the best time to buy Bitcoin.
- He further predicts that Bitcoin could reach an all-time high of $10 million after the crash.
Robert Kiyosaki, author of “Rich Dad Poor Dad”, has forecasted a significant downturn in real estate, stocks, bonds, gold, silver, and Bitcoin. Despite this, he views this upcoming crash as an opportunity, advising his followers that it’s an ideal time to purchase Bitcoin at a reduced price. He also stated that Bitcoin could potentially reach an all-time high of $10 million following the crash.
On July 4, Kiyosaki made a post on social media platform X, stating, “Technical charts indicate the biggest crash in history is coming. GREAT NEWS: Good time to buy bargains will follow.”
Bitcoin’s Potential After the Crash
Kiyosaki has also predicted that this crash will initiate a significant long-term bull market cycle, which he believes will commence in late 2025 and continue to increase prices for years. He stressed that this expected bull market is the moment that gold, silver, and Bitcoin investors have been anticipating.
He drew comparisons with historical events such as the collapse of Germany’s Reichsmark and Zimbabwe’s dollar, arguing that individuals are becoming aware of the financial system’s realities. He confidently predicts that after the crash, traditional assets like gold and silver could reach $15,000 and $110 an ounce, respectively. Meanwhile, Bitcoin could “easily” hit $10 million, according to Kiyosaki.
As of now, Bitcoin is trading at around $58,700, down by more than 3.5% in the last 24 hours. This decrease has created a sense of fear in the market, as indicated by the Fear and Greed Index, which currently stands at 44.
Opinions on Kiyosaki’s Predictions
Kiyosaki’s predictions have divided his followers. While some agree with his predictions, others express skepticism, noting 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.”
Previously, Kiyosaki has shown support for Bitcoin. In June, he stated that investing in Bitcoin is “the easiest path” to becoming a millionaire. He often advises 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.
