Robert Kiyosaki, a well-known entrepreneur and investor who is best known for writing the top-selling financial management book “Rich Dad Poor Dad”, has commented on Bitcoin‘s sudden price drop. After nearly reaching $102,000 this week, Bitcoin fell significantly below that figure.
Kiyosaki’s tweet was rather celebratory as he said that Bitcoin is “on sale” now.
“Bitcoin crashing. Great news”
Robert Kiyosaki expressed delight, characterizing the recent drop in Bitcoin’s price as a positive development since the dominant cryptocurrency, recognized for its market cap size and institutional acceptance, experienced a decline exceeding 6% within a single day.
Over the past 24 hours, Bitcoin experienced a significant drop from around $102,000 to the $95,500 range. However, it has since bounced back slightly and is currently hovering near the $96,000 mark.
Good tidings! The price of Bitcoin is dropping, which means it’s a fantastic opportunity for me to purchase more Bitcoin. After all, “Buy low… and hold.” There are fewer than two million Bitcoins left to mine.
— Robert Kiyosaki (@theRealKiyosaki) January 8, 2025
Robert Kiyosaki emphasizes his ongoing Bitcoin investment, reasoning that when Bitcoin experiences a drop, it represents an opportunity for purchase. He also referenced a popular bitcoin maxim: “Buy low and hold.” The financial expert further underscored the scarcity of Bitcoin, noting that only about 2 million more Bitcoins remain to be mined, while entities such as MicroStrategy continue to acquire significant amounts.
By December, Robert Kiyosaki consistently emphasized his prediction that by the year 2025, the value of a single Bitcoin could soar to an astounding $350,000, or at a minimum reach $175,000.
“The biggest crash in history” has arrived: Kiyosaki
Today, Kiyosaki underscored a point on Twitter, reiterating that the forecast from his “Rich Dad” prediction made in 2013 has materialized at last. He asserts that this moment reveals what could be the largest stock market collapse ever recorded.
Back in 2013, I forecasted to all of you that a catastrophic stock market collapse was imminent. That long-predicted disaster is occurring now.
I had anticipated this massive crash because, in 2008, our leaders, with Ben Bernanke at the helm as Federal Chairman, implemented policies that ultimately led to their own enrichment, and…
— Robert Kiyosaki (@theRealKiyosaki) January 8, 2025
As per Kiyosaki, he foresaw this situation as early as 2008. During the financial crisis, the Fed started printing money, a move that enriched Chairman Ben Bernanke and bankers with billions in bonuses, while the average person struggling with family responsibilities and financial obligations was left homeless, jobless, and impoverished due to lost savings in banks.
Currently, Robert Kiyosaki predicts a repeat of historical trends, stating that by 2025, sectors like the automobile market, housing, dining, retail, and even wine sales may experience a significant downturn. However, he plans to invest in tangible assets such as Bitcoin, gold, and silver using devalued U.S. dollars. He considers these dollars “fake” because they lack backing and have been printed frequently over the past few years. Kiyosaki encourages his audience that periods of crash can be opportune moments for amassing wealth.
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2025-01-08 13:01