Robert Kiyosaki predicts Bitcoin at $10M after the ‘coming biggest crash’  

Robert Kiyosaki, the author of the best-selling personal finance book series ‘Rich Dad Poor Dad’, says the “biggest crash in history is coming” based on technical indicators. But the ensuing bull market, starting in late 2025, will drive the price of Bitcoin (BTC) to as high as $10 million, he predicted.

Also read: Why is Bitcoin down today? BTC crashes to $58K

Posting on X (Twitter), the American businessman said prices of assets such as real estate, stocks, bonds, gold, silver, and Bitcoin will crash. His comments come as the price of Bitcoin fell below $58,000 on Thursday, its lowest level in two months, and 21% off its peak of $74,000 in March.

Robert Kiyosaki sees ‘long bull market’ after crash

“Technical charts indicate the biggest crash in history [is] coming,” Kiyosaki told his 2.5 million followers on X. “Good time to buy bargains will follow. Technical charts indicate major long-term bull market cycle will follow…starting bull market climb in late 2025, raising prices for years.”

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

The 77-year-old, whose 1997 book ‘Rich Dad Poor Dad’ sold more than 32 million copies worldwide, described his forecast bull market cycle as the boom that “gold, silver, and BTC investors have been waiting for.” He said the crash and bull market will come as a result of U.S. debt and inflation.

“This is the long-term bull market cycle they [investors] knew had to come,” he said. “They know it has come because the U.S. is the biggest debtor nation in history (sic). They know…[it] is coming because they know faith and confidence in ‘FAKE’ money is dissolving.”

Kiyosaki did not explain how the U.S. dollar was being destroyed, but he pointed to Germany’s Reischmark and the Zimbabwe dollar as examples of currencies whose values were obliterated because of hyperinflation. He urged investors to save Bitcoin, gold and silver to preserve value.

Author ridiculed for his BTC forecasts

Bitcoin and gold are considered a hedge against inflation, which was unchanged at 3.3% in the U.S. in May. Over the past two years, the Federal Reserve has aggressively raised interest rates to combat inflation, but it remains above the central bank’s target of 2%.

According to Kiyosaki, gold, silver and BTC will once again start to climb  “to hit all-time highs” after his predicted crash of between now and late 2025. He said that gold will “possibly” rise to $15,000 an ounce, silver to $110 an ounce and Bitcoin will “easily” skyrocket to $10 million per coin.

The author previously posted that he bought BTC at between $6,000 and $9,000, and believes that the “time to get richer is coming.” He has also said Bitcoin carries educational opportunities and a better understanding of what is happening with the U.S. financial system.

Also read: Robert Kiyosaki makes huge Bitcoin prediction in 2024

However, not everyone agrees with his forecasts. One X user responding to Kiyosaki’s latest post said: “Buddy you’ve been saying this for like 7 years. Eventually, you’ll be right; but seriously..(sic).”

Michael Hepworth, a U.S.-based lawyer, retorted: “I don’t see it. Bitcoin and ETH, for example, are just now bouncing perfectly on the daily chart’s 200-day moving average. IMO, it’s the perfect buy. But, if it breaks down through the 200 MA, then that’s a bit freaky.”

Cryptopolitan Reporting by Jeffrey Gogo