- I hope Bitcoin will crash, Kiyosaki says
- Kiyosaki believes in Bitcoin going to $1 million
Robert Kiyosaki, a popular financial author known for his best-selling book on financial literacy, “Rich Dad Poor Dad”, has published a short post on his X handle to talk to his X followers about Bitcoin and an “upcoming Bitcoin crash.”
Kiyosaki, who is an advocate of Bitcoin soaring above $1 million in the next ten years, has issued a provocative post, saying that he hopes BTC will crash.
I hope Bitcoin will crash, Kiyosaki says
The financial guru and expert in financial education, Kiyosaki, stated that it is only ‘clickbait losers’ who issue warnings that Bitcoin is going to crash. Kiyosaki believes they are doing so to “frighten off speculators.”
However, he admitted that he himself hopes that Bitcoin will collapse – in this case, he will be able to stack some more BTC and boost his stash: “I hope Bitcoin crashes. I will only buy more.”
Kiyosaki often reminds the financial community about the current troubles with the purchasing power of the US dollar and the fast-growing national debt. In an earlier tweet, he said that since he was in his 20s, the US fiat currency has lost 95% of its purchasing power. He also emphasised the fact that central banks start printing money when financial crises break out, which only increases inflation at the end of the day.
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Kiyosaki believes in Bitcoin going to $1 million
In many of his earlier tweets, Kiyosaki voiced a prediction that he expects Bitcoin to skyrocket to $1 million over the next ten years. He also admitted that he agrees with Michael Saylor’s predictions that in ten years, BTC may surge much higher than just $1 million, but as high as $13 million per coin.
In a recent X post, Saylor went much further than that, saying that in 21 years, he sees Bitcoin rocketing to $21 million (this mirrors the hard cap BTC supply of 21 million coins).
Over the past 24 hours, the flagship cryptocurrency has displayed a decline of 1.6%, going down from $110,000 and is currently changing hands at $108,280.