Robert Kiyosaki warned of a potential Bitcoin price crash before a long-term surge, sharing his insights on social media.
Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, provided additional insights regarding bitcoin, predicting a potential decline prior to a long-term surge.
Kiyosaki’s 1997 bestseller, which was co-authored with Sharon Lechter, has been translated into 51 languages, sold over 32 million copies, and remained on the New York Times Best Seller list for over six years.
Kiyosaki issued a cautionary statement on the social media platform X on Sunday regarding the potential for a bitcoin price decline. “Bitcoin to crash,” he wrote, providing further details:
Bitcoin is stalled short of $100K. That means BTC may crash to $60K.
Nevertheless, he maintains his optimism, stating, “I will not sell if and when that occurs.” A sale will be conducted by BTC. I will purchase additional items.
Robert Kiyosaki Prediction on Bitcoin
He also expressed his confidence in the long-term potential of bitcoin, predicting that it will stabilize at approximately $250,000 by 2025. Kiyosaki emphatically emphasized that the acquisition of bitcoin is more important than the timing of the purchase, underscoring his strategy:
At this stage of the BTC process … price is not as important as how many BTC you acquire. I want more BTC.
His comments were in response to an earlier post that encouraged investors to acquire bitcoin, gold, or silver as a hedge against the devaluation of fiat currencies.
Kiyosaki warned that the middle class could be left behind if they fail to invest early in bitcoin, which he predicted could soon surpass $100,000 last week. According to him, “Only the ultra-rich, including corporations, banks, and sovereign wealth funds, will be able to afford bitcoin of any significance once it surpasses $100,000.”
The renowned author has consistently promoted the use of BTC as a protective measure against economic instability. He anticipated that bitcoin could reach $10 million per coin in July, citing concerns regarding the potential devaluation of the dollar and the U.S. national debt.
Kiyosaki’s conviction in the dominance of BTC in global financial systems was further solidified by his endorsement of Microstrategy executive chairman Michael Saylor’s prediction that bitcoin would reach $13 million in value by November.
Kiyosaki’s long-term bullish posture on bitcoin is emphasized by these forecasts, which regard it as a protector against currency depreciation and economic downturns.
