{"id":648030,"date":"2024-10-15T18:30:15","date_gmt":"2024-10-15T18:30:15","guid":{"rendered":"https:\/\/wncen.com\/?p=648030"},"modified":"2024-10-15T10:58:33","modified_gmt":"2024-10-15T10:58:33","slug":"robert-kiyosaki-bitcoin-crash-to-5000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/robert-kiyosaki-bitcoin-crash-to-5000\/","title":{"rendered":"Robert Kiyosaki Warns Of A Bitcoin Crash To $5,000: Here’s Why"},"content":{"rendered":"

Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a stark warning<\/a> about an impending financial crisis that he believes will lead to a significant market downturn, including a potential Bitcoin crash to $5,000 per coin. In a post on X today, Kiyosaki elaborated on his views regarding the current economic climate, drawing parallels to the 2008 Global Financial Crisis<\/a> (GFC).<\/p>\n

Why Bitcoin Could Crash To $5,000<\/h2>\n

Kiyosaki revisited the events of 2008, referring to the GFC as a pivotal moment when, in his view, “the criminals at the Fed and Treasury began printing trillions of fake dollars in an attempt to stop a Global ‘F-ing’ Depression.” He argued that these measures were taken to save “their ultra-rich friends,” while the general public was left to suffer the consequences.<\/p>\n

Related Reading: Bitcoin Open Interest Hits Record $19.8 Billion\u2014Is The $100K Rally About to Begin?<\/a><\/div>\n

According to Kiyosaki, the massive influx of newly printed money led to what he describes as “The Everything Bubble,” a phenomenon where all markets began to rise artificially, “floating on a sea of fake money.” He believes that this bubble is unsustainable and is on the verge of transforming into “The Everything Crash.” He warns that “everything will crash, including gold, silver, and Bitcoin,” suggesting that the market is approaching a critical point akin to a “blow-off top<\/a>.\u201d<\/p>\n

Kiyosaki emphasizes that this impending crash could be detrimental for most people, potentially leading to a global depression that was narrowly avoided in 2008. He urges individuals not to be complacent or comfortable in what he considers a “fake bubble,” and to instead prepare for the forthcoming economic downturn.<\/p>\n

He points out that prominent investors are already taking action by selling \u201coverpriced\u201d assets and converting them into cash. The best-selling author cites Warren Buffett as an example, noting that Buffett has reportedly been selling his Apple shares and accumulating large reserves of US dollars.<\/p>\n

Related Reading: Samara Asset Group Eyes $32.8 Million Bond Issuance To Increase Bitcoin Holdings<\/a><\/div>\n

Despite the grim outlook, Kiyosaki sees the anticipated crash as an opportunity for those who are prepared. He encourages people to take proactive steps, even if they currently lack financial resources. \u201cAfter the everything crash\u2026.that follows the everything bubble\u2026.the prepared will get really rich\u2026I plan on being one of the prepared\u2026I plan on becoming even richer\u2026.and I want you to become richer too,\u201d Kiyosaki remarked.<\/p>\n

Specifically regarding Bitcoin, Kiyosaki predicts that the cryptocurrency could plummet to $5,000 during the crash. However, he also forecasts a dramatic rebound, with Bitcoin potentially soaring to $100,000 or even $250,000 and beyond after the market stabilizes.<\/p>\n

\u201cTake Bitcoin for example\u2026 it may crash to $5000 a coin\u2026.then boom to $100,000 to $250,000 and higher. Obviously, I will be buying all the Bitcoin I can, as well as other assets, at bargain basement prices,\u201d he stated.<\/p>\n

Throughout his post, Kiyosaki maintains a critical stance toward the Federal Reserve<\/a> and the US Treasury<\/a>, whom he accuses of perpetuating a flawed financial system that benefits a select few at the expense of the majority. He concludes, \u201cI want you to be one of the rich\u2026not one of the victims of the criminal Fed and Treasury.\u201d<\/p>\n

At press time, BTC traded at $65,657.<\/p>\n

\"Bitcoin
BTC price, 1-day chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from YouTube \/ Dad Saves America, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a stark warning about an impending financial crisis that he believes will lead to a significant market downturn, including a potential Bitcoin crash to $5,000 per coin. In a post on X today, Kiyosaki elaborated on his views regarding the current economic climate, drawing parallels to the 2008 Global Financial Crisis (GFC). Why Bitcoin Could Crash To $5,000 Kiyosaki revisited the events of 2008, referring to the GFC as a pivotal moment when, in his view, “the criminals at the Fed and Treasury began printing trillions of fake dollars in an attempt to stop a Global ‘F-ing’ Depression.” He argued that these measures were taken to save “their ultra-rich friends,” while the general public was left to suffer the consequences. Related Reading: Bitcoin Open Interest Hits Record $19.8 Billion\u2014Is The $100K Rally About to Begin? According to Kiyosaki, the massive influx of newly printed money led to what he describes as “The Everything Bubble,” a phenomenon where all markets began to rise artificially, “floating on a sea of fake money.” He believes that this bubble is unsustainable and is on the verge of transforming into “The Everything Crash.” He warns that “everything will crash, including gold, silver, and Bitcoin,” suggesting that the market is approaching a critical point akin to a “blow-off top.\u201d Kiyosaki emphasizes that this impending crash could be detrimental for most people, potentially leading to a global depression that was narrowly avoided in 2008. He urges individuals not to be complacent or comfortable in what he considers a “fake bubble,” and to instead prepare for the forthcoming economic downturn. He points out that prominent investors are already taking action by selling \u201coverpriced\u201d assets and converting them into cash. The best-selling author cites Warren Buffett as an example, noting that Buffett has reportedly been selling his Apple shares and accumulating large reserves of US dollars. Related Reading: Samara Asset Group Eyes $32.8 Million Bond Issuance To Increase Bitcoin Holdings Despite the grim outlook, Kiyosaki sees the anticipated crash as an opportunity for those who are prepared. He encourages people to take proactive steps, even if they currently lack financial resources. \u201cAfter the everything crash\u2026.that follows the everything bubble\u2026.the prepared will get really rich\u2026I plan on being one of the prepared\u2026I plan on becoming even richer\u2026.and I want you to become richer too,\u201d Kiyosaki remarked. Specifically regarding Bitcoin, Kiyosaki predicts that the cryptocurrency could plummet to $5,000 during the crash. However, he also forecasts a dramatic rebound, with Bitcoin potentially soaring to $100,000 or even $250,000 and beyond after the market stabilizes. \u201cTake Bitcoin for example\u2026 it may crash to $5000 a coin\u2026.then boom to $100,000 to $250,000 and higher. Obviously, I will be buying all the Bitcoin I can, as well as other assets, at bargain basement prices,\u201d he stated. Throughout his post, Kiyosaki maintains a critical stance toward the Federal Reserve and the US Treasury, whom he accuses of perpetuating a flawed financial system that benefits a select few at the expense of the majority. He concludes, \u201cI want you to be one of the rich\u2026not one of the victims of the criminal Fed and Treasury.\u201d At press time, BTC traded at $65,657. Featured image from YouTube \/ Dad Saves America, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":648035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,506,93207,656,679,1119,89185,1122,75477,75710],"class_list":["post-648030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-crash","tag-bitcoin-crash-warning","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-rich-dad-poor-dad","tag-robert-kiyosaki"],"acf":[],"yoast_head":"\nRobert Kiyosaki Warns Of A Bitcoin Crash To $5,000: Here's Why<\/title>\n<meta name=\"description\" content=\"Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has issued a stark warning. 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Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. 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