Bitcoin News Today: Robert Kiyosaki Warns Bitcoin Could Crash 90%

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has issued a warning about an impending market bubble, suggesting that Bitcoin could be on the verge of a significant collapse. Kiyosaki, known for his insights into financial markets, believes that the current bubble is about to burst, which could have substantial implications for various assets, including gold, silver, and Bitcoin.

In a recent post on X, Kiyosaki stated, "BUBBLES are about to start BUSTING. When bubbles bust odds are gold, silver, and Bitcoin will bust too. Good news. If prices of gold, silver, and Bitcoin crash…. I will be buying." This statement underscores his belief that a market crash could present a valuable buying opportunity for long-term investors.

Kiyosaki has a history of predicting market crashes and has consistently warned investors about the potential for significant downturns. Last month, he cautioned about a historic market crash, predicting that billions of investors would flee traditional markets and rush to Bitcoin. In March, he warned that "the everything bubble is bursting," forecasting a downward trend that would be the biggest in history, even comparing it to the 1929 market crash that led to the Great Depression.

Despite his warnings, Bitcoin has continued to soar, reaching an all-time high of $123,000 on July 14. Kiyosaki celebrated this milestone, calling it great news for those who already hold Bitcoin. He has also expressed his belief that Bitcoin could climb to $1 million by 2035, describing it as the "easiest way to get rich" and urging that even small-scale ownership, like 0.01 BTC, could change lives.

Kiyosaki's consistent bearish predictions have been met with mixed reactions from the investment community. While some investors heed his warnings and adjust their portfolios accordingly, others remain skeptical of his forecasts. Regardless, his insights continue to influence market sentiment and investor behavior, particularly in the cryptocurrency space.

As the market continues to evolve, Kiyosaki's warnings serve as a reminder of the volatility and unpredictability of financial markets. Investors are advised to stay informed and consider multiple perspectives when making investment decisions. Kiyosaki's approach to investing, which emphasizes long-term strategies and diversification, may offer valuable lessons for those navigating the complexities of the current market environment.