thecoinrepublic.com
- Robert Kiyosaki predicts steep fall in Bitcoin prices in near future.
- Will start buying once price touches $27000
- Robert says falling prices of Bitcoin throws up opportunities to strike rich
The co-author of Bestselling book ‘Rich Dad Poor Dad’ and influential financier Robert Kiyosaki has given a terrifying prophecy –Bitcoin will fall to $24,000. Kiyosaki is predicting the biggest fall in cryptocurrency history that its value will drop to $24000.
Robert’s prophecy could be related to the latest rumors that more stimulus aid from the U.S. government is forthcoming. Way back in December 2020, Kiyosaki had advised investors to buy bitcoin till its price surged to $20,000. Kiyosaki had predicted that the first cryptocurrency price would surge to $50,000.
Waiting for Bitcoin Prices to fall to $27000 to start buying
In May, when bitcoin prices started to tank, Kiyosaki urged investors to buy from below. Kiyosaki hailed the steep fall of Bitcoin prices on May 30 to $37,000. Kiyosaki wished that the prices fell to $27,000 so that he can start buying once again.
Robert Kiyosaki had said in April that Bitcoin could reach $1.2 million in five years. The rampant and reckless government money printing, excessive incentives, and the devaluation of the US dollar will make an investment in Bitcoin and Gold attractive.
Robert Kiyosaki: Get ready for the biggest crash in the history of Bitcoin
Robert Kiyosaki is the co-author of the bestselling Book on financial education, “Rich Dad Poor Dad.” The Book has been translated into 51 languages, and 32 million copies of the Book have been sold in more than 109 countries. It remained on the New York Times bestseller list for over six years.
Kiyosaki, in his tweet, called Bitcoin the largest bubble in history, and it is getting bigger and bigger. Like any bubble, the collapse is imminent, and the greatest collapse in world history is approaching. The tweet continued, and Robert said that he is waiting for the price of Bitcoin to fall to $24000, and it is the golden period to get rich.
Bitcoin Price Fall throws up an opportunity to strike gold
Robert Kiyosaki, however, did not elaborate on how he comes up with the price prediction of Bitcoin. Every adversity throws up an opportunity, and Kiyosaki is not criticizing Bitcoin but seeing a chance to strike gold. So don’t panic.
Much will depend upon the global macro environment. Robert added that the problem is not Gold, Silver, or bitcoin. The biggest problem is the U.S.government, and Fed, and Wall Street. Robert is correct when he says the real problem is propping up a falling regimen leading to rampant inflation.Bitcoin and other cryptocurrencies thrivein instances of hyperinflation. When fiat currency lose their face value due to excessive printing of currency, investors find Bitcoin as an asset which is retaining its value.
Kiyosaki is not alone in giving this prophecy; statistician Willy Woo also sees more downsides for Bitcoin. Woo predicts that after the renewed strength of the dollar and the stock market crashes, the cryptocurrency risks suffering a severe correction.