Robert Kiyosaki, the author of the famous book Rich Dad, Poor Dad, and many others, is also known for his constant support of the crypto industry, especially Bitcoin. On multiple occasions, he has come forward to show his support for the industry, meanwhile sharing multiple insights and predictions for the market.

In an X post, he mentioned that he is holding Bitcoin and a few other assets like Gold and Silver because he does not trust the FED. Robert Kiyosaki earlier predicted that Bitcoin would rise as high as $100K by this June, but that failed. And again, he predicted the price to rise to $350K by August 2024, but now the prediction has turned into millions. However, the investors will have to survive a big market crash.

Crypto Market Drops With The Robert Kiyosaki Prediction

Around 12 hours ago, Robert Kiyosaki shared an X post, predicting a serious crash in the finance market, which will not only impact Bitcoin price but other valuable assets as well. As per his post, technical charts indicate the biggest crash of the market to happen soon, where real estate, stocks, bonds, gold, silver, & Bitcoin prices will crash.

Interestingly, the crypto market has faced a heavy drop today, with Bitcoin dropping to the four-month low of $57,383.78 after a 5% decline in the last 24 hours. This drop came after a series of events like Bitcoin ETF outflow, MT Gox Bitcoin transfers, and others that took place recently, creating the Bitcoin dump. Altcoins have followed the same trend, which is why most cryptos are red on the crypto market heatmap. The impact of the fall is also visible in the global market capitalization as it has dropped to $2.12 Trillion, the lowest in five months.

Bitcoin Price To Hit $10 Million

Though Rober Kiyosaki has predicted a major market crash, he has presented it as a buying opportunity as a bull market will follow the collapse by the 2025 end, which will surge the price for the next few years. As a result, the prices of gold, silver, & Bitcoin will boom, as investors have anticipated.

BOOM GOiNG BUST:

Technical charts indicate biggest crash in history coming. Prices of real estate, stocks, bonds, gold, silver, & Bitcoin crash.

GREAT NEWS: Good time to buy bargains will follow.

Technical charts indicate major long term bull market cycle will…

— Robert Kiyosaki (@theRealKiyosaki) July 3, 2024

Based on his analysis, this will be the end of Fiat money, which he has called Fake Money. As a result, the Gold price will surge to $15,000 an ounce, and the Silver price will rise to $110.00 an ounce. Lastly, Bitcoin price will surge to $10 million per coin. However, the crypto investors have not taken this prediction very seriously as expecting such a high price does not seem viable with liquidity concerns.

Continue Reading Ethereum ETFs vs. Bitcoin ETFs: How Their Approvals Differ

The post Robert Kiyosaki Predicts Biggest Crash in Bitcoin and Other Assets; Here’s All appeared first on CoinGape.

---

Filed under: News - @ July 4, 2024 10:19 am