Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Robert Kiyosaki to Purchase More BTC If This Devastating Bitcoin Prediction Comes True

Robert Kiyosaki to Purchase More BTC If This Devastating Bitcoin Prediction Comes True

CryptopotatoCryptopotato2024/04/03 17:13
By:Mandy WilliamsMore posts by this author

Kiyosaki hopes Dent’s prediction comes true, as such an occurrence would produce new multi-millionaires and possibly a few billionaires.

Robert Kiyosaki, known for his advocacy of Bitcoin (BTC), gold, and silver, has revealed that he would acquire more BTC if the crypto asset’s value ever drops to $200, as American financial writer Harry Dent predicted.

In a Tuesday tweet , Kiyosaki, the author of several financial books, including Rich Dad Poor Dad, said he hopes Dent’s prediction comes true, as such an occurrence would produce new multi-millionaires and possibly a few billionaires.

Bitcoin to $200?

Dent is known as the harbinger of financial and economic recession. Although most of his forecasts have been unsuccessful, he correctly predicted the 2000 dotcom crash and Japan’s 1989 bubble burst and recession. He told Think Advisor in October 2023 that the United States economy would experience “the crash of a lifetime” in 2024, with the stock market falling 86% on the SP index.

The controversial analyst said the crash was two years late and would hit this year, affecting every sector, including real estate. Dent also insisted that the central bank compromising this incoming calamity would only make the next one even bigger and that the best haven would be treasury bonds.

According to Kiyosaki, Dent’s “everything crash” could see the Baby Boomer generation become the biggest losers because their homes would lose value. Regardless, the Rich Dad Poor Dad author intends to acquire more real estate, gold, silver, and BTC, to position himself for more wealth.

“If Harry is correct I will simply buy more real estate, gold, and silver. If Bitcoin drops to $200 per coin I will buy as many coins as I can. If Harry is right; those who are prepared will soon be multi-millionaires and possibly a few new billionaires. I hope Harry Dent is right. Even if he isn’t, those who are holding gold, silver, and Bitcoin will be richer,” Kiyosaki stated.

Kiyosaki Still Prefers Bitcoin

The Bitcoin proponent further reiterated his claims that the dollar is fake money, gold and silver are God’s money, while BTC is the people’s money.

While Kiyosaki urges people never to relent in purchasing gold and silver, he still prefers BTC to precious metals because of the asset’s capped supply of 21 million. He deemed BTC superior to other assets as its limited supply gives it an advantage.

You Might Also Like:

  • Robert Kiyosaki Predicts Bitcoin (BTC) Price to Hit $300K by 2024 End
  • Bitcoin Miners' Reserves Plummet to April 2021 Lows Amid Profit-Taking and BTC Price Decline
  • Bitcoin Price Explodes To $47k As BTC ETF Approval Deadline Looms
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Why TradFi firms could turn to bitcoin margin loans: Maple CEO

Maple’s Sid Powell said that TradFi firms have been in contact with the firm about lending and borrowing in crypto

Blockworks2025/01/30 23:22

The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more

European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.

The Block2025/01/30 21:34

'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT

The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”

The Block2025/01/30 21:34