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Bitcoin News

“Buy More Bitcoin” – Rich Dad author who Warns of “Biggest Crash in History”

American businessman and best-selling author Robert Kiyosaki relies on Bitcoin as a hedge against everything else besides the precious metals gold and silver, he said in a tweet today. The„ Rich Dad, Poor Dad & # 8220; author, whose book has sold nearly 32 million copies since its publication in 2002, has spoken out against macroeconomics before and is a longtime crypto advocate. But now he says a global crash of epic proportions is imminent.

& # 8222; The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is that the best time to get rich is during a crash… „The bad news is that the next crash will be a long one. Get more gold, silver and Bitcoin while you can. Take care.“

Bitcoin on up to $ 24,000 before a million?

Kiyosaki said earlier this month that he expects Bitcoin to fall as low as $ 24,000. „ The biggest bubble in world history is getting bigger& # 8220;, he tweeted on June 19, claiming that he is already buying gold and silver and waiting for lower Bitcoin prices. [Anleitung: Bitcoin kaufen mit wenigen Klicks]

The sentiment is similar to that of Guggenheim Partners CIO Scott Minerd, who called for a 40% drop in the price of Bitcoin in May 2021. The asset was trading at its peak at nearly $ 65,000, but has fallen as low as $28,000 in recent weeks.

In the meantime, „Rich Dad“ author Kiyosaki remains a long-term Bitcoin bull and is one of the many individuals who have set an immense price target for Bitcoin. In an interview with news channel Kitco earlier this year, Kiyosaki predicted a price target of up to $ 1,2 million for the world’s largest cryptocurrency.

„I think it will rise to $ 1,2 million in five years“, he said at the time, claiming to have bought Bitcoin at $ 9,000 and to look „like a genius“ when the asset reached $ 55,000 (the price of BTC at the time of the interview).

Text credit: cryptoslate

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