Robert Kiyosaki is the world-renowned author of Rich Dad and Poor Dad. This book has been able to gain a lot more attention among his other financial education publications. Robert Kiyosaki is also an entrepreneur and investor with a net worth of $100 million. His philanthropic approach to making financial literacy more common among people has earned him many admirers from all parts of the world.
In a recent tweet, he claimed that the Bitcoin market is in a bubble, and it is getting bigger by the second. A few weeks ago, Kiyosaki told his followers that he transformed into a Bitcoiner. In an old tweet, he claimed that he has been buying Gold, Silver, and Bitcoin to safeguard his investment. At the time, the COVID-19 economic destruction was wreaking havoc in the economy, and the US government was getting ready for the second round of stimulus checks.
Robert Kiyosaki Warns Investors that Bitcoin is Going Towards the Biggest Crash in the World history
According to the contents of a new tweet by Kiyosaki, Bitcoin is not going to go down, but it would experience an epic crash. He told his followers that he is now only accumulating more gold and silver. In the past, Kiyosaki refrained from slamming down the traditional precious metal market. The tweet reads that the Bitcoin bubble is getting bigger by the day and would soon burst.
He further added that the Bitcoin market crash would go down in history due to its impact. The cause behind this nuclear admonition of flagship cryptocurrency could be the possibility of the fourth cycle of stimulus checks. Many Lawmakers and congressmen are contemplating the possibility of the government moving ahead with this plan.
When Kiyosaki revealed that he is also a Bitcoiner, the crypto community received the news with enthusiasm. However, now Kiyosaki is trying to get out of the crypto circle and share his reasons with the followers. For now, he wishes to take shelter in conventional trade commodities as opposed to cryptocurrencies.
He suspects that Bitcoin price would crash from 35K to 23K. However, he has not abandoned the Bitcoin ship altogether. It seems like Kiyosaki wishes to buy from the dip, as visible from his new tweet. In his words, market crashes are the best way to make some money.