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Robert Kiyosaki, the famous author of the book “Poor Rich Dad,” has issued a strong warning about the coming financial crisis that he believes will lead to a major market decline, including a possible crash of Bitcoin to $5,000 per coin. In a post on X today, Kiyosaki elaborated on his views on the current economic climate, drawing parallels to the 2008 Global Financial Crisis (GFC).
Why Bitcoin Could Crash To $5,000
Kiyosaki also looked at the events of 2008, referring to the GFC as a key moment when, in his view, “criminals at the Fed and Treasury started printing billions of fake dollars in an attempt to stop the ‘F-ing’ Global Depression.” He pointed out that these measures they were taken to save their “richest friends,” while society was left to suffer the consequences.
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According to Kiyosaki, the massive influx of newly printed money led to what he described as “The Everything Bubble,” a phenomenon in which all markets began to rise spontaneously, “floating in a sea of fake money.” He believes this bubble is unsustainable and is about to transition into “The Everything Crash.” He warns that “everything will crash, including gold, silver, and Bitcoin,” suggesting that the market is approaching a critical point similar to a “hot spot.”
Kiyosaki insists that this coming crash could be dangerous for many people, potentially leading to the global depression that was narrowly avoided in 2008. He urges people not to be complacent or complacent in what he considers a “fake bubble,” and instead to prepare. the coming recession.
He points out that prominent investors are already taking action by selling “overvalued” assets and turning them into cash. The best-selling author cites Warren Buffett as an example, noting that Buffett was reportedly selling his Apple shares and amassed large sums of US dollars.
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Despite the pessimism, Kiyosaki sees the expected crash as an opportunity for those who are prepared. He encourages people to take immediate action, even if they don’t currently have the funds. “After the crash of everything….that follows the bubble of everything….the prepared will be really rich…I plan to be one of the prepared…I plan to be very rich….and I want you to be very rich too,” Kiyosaki commented. .
Specifically regarding Bitcoin, Kiyosaki predicts that the cryptocurrency may drop to $5,000 during the crash. However, he also predicts a dramatic rebound, where Bitcoin may rise to $100,000 or $250,000 and more after the market stabilizes.
“Take Bitcoin for example… it may crash to $5000 a coin….and then go up to $100,000 to $250,000 and more. Obviously, I will be buying all the Bitcoin I can, as well as other assets, at very low prices,” he said.
Throughout his career, 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 concluded by saying, “I want you to be one of the rich…
At press time, BTC traded at $65,657.
Featured image from YouTube / Dad Saves America, chart from TradingView.com
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