World-renowned Finance expert and writer Robert Kiyosaki shared a post on his official Twitter account. Kiyosaki warned investors that a major crash is coming. Then, he said, now is the time to invest in some assets like gold. Here are the details…
“Bitcoin price will drop further”
Kiyosaki, who often makes predictions on assets such as gold and Bitcoin, shared a new post. The author of the famous book “Rich Dad, Poor Dad” first revealed his favorite word. Accordingly, Kiyosaki, who chose the word cheap as his favorite, said that most assets will continue to fall. Additionally, he announced that he expects lower prices for assets such as Bitcoin, altcoins and real estate. According to the famous financial expert, Bitcoin and real estate prices will fall even more. Kiyosaki shared:
“You know my favorite word: cheapness. Assets like Bitcoin have burst like a bubble. Then prices started to drop. In many markets such as BTC and real estate, I save my funds to buy at the bottom. The Federal Reserve is already dead… We are in the world’s biggest cheap deal right now. Take care of yourself.”
Bitcoin price keeps falling
Bitcoin price has been in a downtrend for a long time, as we have reported on Kriptokoin.com. The leading cryptocurrency has dropped more than 60% since the start of 2022. However, BTC’s fall from its 2021 peak of $69,000 in November is currently 80%. Among the reasons for BTC’s depreciation are the Terra collapse, rising global inflation rates, rising interest rates. In addition, geopolitical crises such as the Russia-Ukraine war also negatively affect the BTC price. However, cryptocurrencies are not the only market to suffer from these factors. In the USA, demand in the real estate sector fell due to the interest rate hikes by the FED. In addition, traditional finance indices such as the S&P 500 and the Nasdaq are also on a downward trend. They’ve lost 20% since the beginning of 2022. Investors turned to traditional hedging methods such as gold in times of crisis.
Kiyosaki’s past gold and Bitcoin predictions
This is not Kiyosaki’s first prediction like this, although it may be frightening for crypto investors. The gold advocate frightened the markets with the bubble analogy in the past summer months. He even warned investors that the biggest collapse was coming. However, after Kiyosaki’s comments, BTC made ATH in November. During the same period, traditional markets also recorded a record rise.
“Gold and get these”
However, Kiyosaki made another prediction recently. Claiming that the dollar would collapse, the financial expert recommended investors to buy assets such as Bitcoin, silver and gold. He also ironically said that the prices of products like toilet paper and garbage bags would skyrocket. He then urged investors to buy products such as canned food and toilet paper.
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