Robert Kiyosaki, American entrepreneur, motivational speaker, and author, is predicting that various asset “bubbles” are about to start “busting.”
When the Bitcoin (BTC) bubble bursts, i.e., when the asset plummets, the author of Rich Dad Poor Dad warns in a post on X, gold and silver are going to follow suit.
While seemingly bearish in his outlook, Kiyosaki implies a crash would actually be a good investment opportunity — If the prices tank, he says, he’ll start buying.
“BUBBLES are about to start BUSTING. When bubbles bust odds are gold, silver, and Bitcoin will bust too.” – R. Kiyosaki
Is Bitcoin safe?
Bitcoin recently hit an all-time high (ATH), peaking above $123,000. However, a pullback of roughly 5%, which saw the price drop to the $118,000 range by the time of Kiyosaki’s prediction, might now suggest a potential market cooldown.
Moreover, the Consumer Price Index (CPI) info released on July 15 revealed that inflation was higher than expected, having gone up by 2.7%, while the national debt has exceeded $36 trillion.
The investor’s predictions thus suggest the mounting pressure is being felt in the crypto market, which is now nearing a valuation of $4 trillion. To put things into perspective, Bitcoin alone has surpassed Amazon (NASDAQ: AMZN) in terms of market capitalization.
BTC price analysis
At the time of writing, Bitcoin was actually performing solidly from a daily technical standpoint, with a price of $118,422.
According to data on CoinMarketCap, the price remains above key short-term support levels, including the 7-day simple moving average of $118,414 and the 23.6% Fibonacci retracement at $117,238.
Trading volume is also up, having jumped 36.89% in 24 hours to nearly $66 billion, confirming solid buyer engagement.
A bullish moving average convergence divergence (MACD) histogram (+125.34) and relative strength index (RSI) of 62.88 suggest ongoing upward momentum without being overbought.
Featured image via Shutterstock
