Summary:
Robert Kiyosaki, author of Rich Dad Poor Dad, predicts a massive crash for Bitcoin (BTC) before a long-term bull run.
Kiyosaki believes that technical charts indicate the biggest crash in history is coming, affecting various assets including Bitcoin.
He predicts that after the crash, investors will seek safe havens in precious metals like gold, silver, and Bitcoin, driving their prices higher.
Kiyosaki anticipates the bull market cycle to begin in late 2025, with Bitcoin potentially reaching $10 million per coin, gold hitting $15,000 an ounce, and silver hitting $110 an ounce.
His predictions align with previous statements where he predicted Bitcoin to reach $300,000 by the end of this year.
Kiyosaki's views have been debated, with some analysts agreeing with the possibility of a crash and others remaining skeptical.
Bitcoin's Biggest Crash Yet? Rich Dad Poor Dad Author Predicts a Multi-Year Bull Run
Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, is predicting a major crash for Bitcoin (BTC) before a massive long-term bull cycle. In a series of tweets, Kiyosaki claims that technical charts indicate the biggest crash in history is coming, impacting assets like real estate, stocks, bonds, gold, silver, and Bitcoin.
Kiyosaki's prediction hinges on the idea that after this crash, investors will seek safe havens in precious metals like gold and silver, as well as Bitcoin, leading to a surge in their value. He believes that the long-term bull market cycle will begin in late 2025, with Bitcoin potentially reaching $10 million per coin, gold hitting $15,000 an ounce, and silver hitting $110 an ounce.
Kiyosaki's prediction aligns with his previous statements. In March, he predicted that Bitcoin would reach $300,000 by the end of this year. He has also recently stated that he will be accumulating more Bitcoin during its price dips.
This bold prediction comes as Bitcoin is currently trading at $56,191. Kiyosaki's views have been widely debated, with some analysts agreeing that a crash is possible, while others remain skeptical. It's essential to remember that his predictions are based on his own interpretations and should be considered with a critical eye.
Remember: Investing in cryptocurrencies like Bitcoin is inherently risky and should be approached with caution. Always do your own research and consult with a financial advisor before making any investment decisions.
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