Robert Kiyosaki Warns Of A Bitcoin Crash To $5,000: Here’s Why
15 Octobre 2024 - 8:30PM
NEWSBTC
Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has
issued a stark warning about an impending financial crisis that he
believes will lead to a significant market downturn, including a
potential Bitcoin crash to $5,000 per coin. In a post on X today,
Kiyosaki elaborated on his views regarding the current economic
climate, drawing parallels to the 2008 Global Financial Crisis
(GFC). Why Bitcoin Could Crash To $5,000 Kiyosaki revisited the
events of 2008, referring to the GFC as a pivotal moment when, in
his view, “the criminals at the Fed and Treasury began printing
trillions of fake dollars in an attempt to stop a Global ‘F-ing’
Depression.” He argued that these measures were taken to save
“their ultra-rich friends,” while the general public was left to
suffer the consequences. Related Reading: Bitcoin Open Interest
Hits Record $19.8 Billion—Is The $100K Rally About to Begin?
According to Kiyosaki, the massive influx of newly printed money
led to what he describes as “The Everything Bubble,” a phenomenon
where all markets began to rise artificially, “floating on a sea of
fake money.” He believes that this bubble is unsustainable and is
on the verge of transforming into “The Everything Crash.” He warns
that “everything will crash, including gold, silver, and Bitcoin,”
suggesting that the market is approaching a critical point akin to
a “blow-off top.” Kiyosaki emphasizes that this impending crash
could be detrimental for most people, potentially leading to a
global depression that was narrowly avoided in 2008. He urges
individuals not to be complacent or comfortable in what he
considers a “fake bubble,” and to instead prepare for the
forthcoming economic downturn. He points out that prominent
investors are already taking action by selling “overpriced” assets
and converting them into cash. The best-selling author cites Warren
Buffett as an example, noting that Buffett has reportedly been
selling his Apple shares and accumulating large reserves of US
dollars. Related Reading: Samara Asset Group Eyes $32.8 Million
Bond Issuance To Increase Bitcoin Holdings Despite the grim
outlook, Kiyosaki sees the anticipated crash as an opportunity for
those who are prepared. He encourages people to take proactive
steps, even if they currently lack financial resources. “After the
everything crash….that follows the everything bubble….the prepared
will get really rich…I plan on being one of the prepared…I plan on
becoming even richer….and I want you to become richer too,”
Kiyosaki remarked. Specifically regarding Bitcoin, Kiyosaki
predicts that the cryptocurrency could plummet to $5,000 during the
crash. However, he also forecasts a dramatic rebound, with Bitcoin
potentially soaring to $100,000 or even $250,000 and beyond after
the market stabilizes. “Take Bitcoin for example… it may crash to
$5000 a coin….then boom to $100,000 to $250,000 and higher.
Obviously, I will be buying all the Bitcoin I can, as well as other
assets, at bargain basement prices,” he stated. Throughout his
post, Kiyosaki maintains a critical stance toward the Federal
Reserve and the US Treasury, whom he accuses of perpetuating a
flawed financial system that benefits a select few at the expense
of the majority. He concludes, “I want you to be one of the
rich…not one of the victims of the criminal Fed and Treasury.” At
press time, BTC traded at $65,657. Featured image from YouTube /
Dad Saves America, chart from TradingView.com
Bitcoin (COIN:BTCUSD)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Bitcoin (COIN:BTCUSD)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024