Investor and author Robert Kiyosaki has forecasted a “massive crash” in the market. Nonetheless, he remains optimistic that Bitcoin BTC/USD will be the first to bounce back.
What Happened: In a post on X this past Friday, Kiyosaki predicts a significant downturn in the market that would affect a variety of assets, including stocks, bonds, real estate, gold, silver, and Bitcoin. However, he firmly believes in Bitcoin’s strength, claiming it will be the quickest to recover and reach new heights.
In his post, Kiyosaki outlined his strategy for after the crash, which involves purchasing additional Bitcoin. He emphasized that despite the anticipated decline, he does not plan to part with his “digital gold.” Instead, he intends to “back up the truck and buy more” should Bitcoin’s price decrease significantly.
Kiyosaki’s belief in Bitcoin is clear from his social media activity. Earlier this month, he urged his followers to begin accumulating gold, silver, and Bitcoin, while denouncing the U.S. dollar as “fake.”
Also Read: Robert Kiyosaki Predicts Wall Street Crash and Layoffs: ‘Prepare for Market Downturn, Depression, and Conflict’
He posits that investing in gold and Bitcoin is a more intelligent and safer approach than holding dollars.
At the time of writing, Bitcoin has seen a 1.65% increase over the last 24 hours, climbing from $96,870 to $98,540.
Why It Matters: Kiyosaki’s forecast comes during a period when Bitcoin’s fluctuations have raised concerns among investors.
His confidence in Bitcoin’s durability and recovery potential might enhance other investors’ morale. Additionally, his strategy of increasing his Bitcoin holdings during a downturn could encourage others to adopt similar tactics.
Despite the risks involved, Kiyosaki’s perspective highlights the rising recognition of Bitcoin as a valid investment asset.
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Robert Kiyosaki Predicts Significant Market Crash: ‘Save Gold, Silver, & Bitcoin, Crash Is Approaching’
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