Renowned author of the bestselling investment book “Rich Dad Poor Dad,” Robert Kiyosaki, issued a tweet warning this morning. He stated that based on technical charts, the biggest crash in history is imminent, but he also noted that this presents a good buying opportunity at lower levels.
In his warning, Kiyosaki explained that the technical charts indicate the upcoming largest crash in history. However, he also highlighted that it signifies an impending opportunity for buying at lower prices.
Kiyosaki elaborated that the technical charts show a major long-term bull market cycle to follow. He projected that by the end of 2025, a significant bull market cycle would commence, with prices expected to rise continuously for several years. This period would be eagerly anticipated by investors in gold, silver, and Bitcoin.
He emphasized the patience of investors being rewarded, considering the United States’ historical status as the biggest debtor nation and the diminishing confidence in fiat currency. Investors anticipate a rerun of history, understanding what happened to the German Mark and the Zimbabwean Dollar.
Additionally, Kiyosaki predicted that in the long-term bull market, gold, Bitcoin, and silver would reach historic highs, with Bitcoin’s price reaching an astonishing $10 million.
Kiyosaki has repeatedly urged people to invest in real assets like gold, silver, and Bitcoin to achieve wealth growth. Last month, he advised against using high Bitcoin prices as an excuse to abstain from purchasing, highlighting that buying Bitcoin is the simplest way to become a multimillionaire. Despite recognizing Bitcoin’s current downturn, he remains steadfast in his strategy to buy more and hold indefinitely.
With a strong belief in Bitcoin, he boldly predicted on the 6th of last month that Bitcoin would reach $350,000 by August 25th of this year and encouraged investment in Bitcoin, Ethereum, and Solana. However, his recent warning of a major crash signifies a notable change in stance.
Bitcoin experienced a swift drop from $60,493 to $57,800 within one hour at 9 a.m., representing a decrease of over 4.5%. At the time of writing, it was priced at $59,068, reflecting a 3.04% decline over the past 24 hours.
[Image description: Bitcoin price trend. Source: OKX]