Robert Kiyosaki, the bestselling author of “Rich Dad Poor Dad,” predicted the “greatest crash” in world history. He also expects the Bitcoin price to drop to the $ 24,000 level.
Robert Kiyosaki foresees the greatest crash in history
Famed author and investor Robert Kiyosaki has predicted that the greatest crash in world history is imminent.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It’s been on the New York Times bestseller list for over six years. Over 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted on Friday:
Biggest bubble in world history is getting bigger. The greatest crash in world history is imminent. Buy more gold and silver. Waiting for Bitcoin to drop to $ 24,000. Crash’s best time to get rich.
However, Kiyosaki did not go into how he came up with his BTC price prediction.
When Bitcoin price started to drop significantly in May, the author of Rich Dad Poor Dad urged people to buy the dip. “I hear ‘I can’t afford Bitcoin.’ Bitcoin is crashing, good news. Now is your chance. Inform yourself. Buy coins that outperform Bitcoin for pennies. Stop whining and take action, ”he advised at the time.
When the BTC price fell to the $ 37,000 level on May 30, Kiyosaki tweeted, “Bitcoin is crashing. Great news. If the price hits $ 27,000, I will be able to start buying again. Lot will depend on the global macro environment. ”He emphasized,“ Remember, the problem is not gold, silver or bitcoin. Problems are the incompetents in government, Fed & Wall Street. “
Kiyosaki has long been pro-Bitcoin. He believes the US dollar is dying as the government continues to give people free money. “Don’t save. Buy gold, silver, bitcoin. Dollar is dying,” he said in April last year.
While the famous author expects the price of Bitcoin to drop to the $ 24,000 level in his recent tweet, he is optimistic about the cryptocurrency over the long term. He said in April of this year that the price of BTC will hit $ 1.2 million in five years, noting that government money printing, excessive incentives, and the devaluation of the US dollar are making bitcoin and gold their appeal have awarded.
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