As he continues to warn of an upcoming crisis to sweep the United States and the world, popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has highlighted that the “everything” crash was coming, including that of Bitcoin (BTC).
Specifically, he was referring to the words of fellow writer and finance editor Harry Dent, who earlier this year said in an interview with Kitco News’ Michelle Makori that the “everything bubble” could burst in 2024, including Bitcoin, which he said could break down below $40,000.
Robert Kiyosaki’s strategy
According to Kiyosaki, Dent “also predicts Bitcoin will drop back to $200 a coin,” in which case the ‘Rich Dad Poor Dad’ author vowed to “buy as many coins as I can,” referring to the flagship decentralized finance (DeFi) asset as the “people’s money,” according to his X post on April 2.
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At the same time, he reiterated Dent’s opinion that the ‘Baby Boom Generation’ will be the biggest losers, as their homes crash in value and that the S&P 500 will drop by 80%, arguing that in this scenario, he would “simply buy more real estate, gold, and silver.”
Furthermore, Kiyosaki explained that if Dent’s views are correct:
“Those who are prepared will soon be multi-millionaires and possibly a few new billionaires,” and even if they are not, “those who are holding gold, silver, and Bitcoin will be richer.”
Indeed, the educator has long recommended buying precious metals and the foremost cryptocurrency as a way to protect oneself in the upcoming crisis and “win” the next Great Depression amid staggering similarities between the stock market of 2024 and 1929, as Finbold reported on December 3.
BTC price prediction
Meanwhile, the crypto market has continued to consolidate its previous gains and the maiden crypto asset is currently trading at the price of $66,121, which suggests a decline of 0.80% on the day, a 5.08% loss across the week, and a modest 1.27% gain for Bitcoin over the past month.
However, several renowned crypto trading experts are optimistic about its future, having placed the BTC price prediction between $100,000 this year and a whopping $1,000,000 in 2025, based on multiple observed indicators. That said, doing one’s own research is critical before investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
