Bitcoin Could Plunge 99.7% to $300, Warns Kiyosaki

Financial educator and author of Rich Dad Poor Dad, Robert Kiyosaki, has issued a stark warning about an impending financial collapse that could potentially drive Bitcoin's value down to as low as $300. Despite the current bull market, where Bitcoin is trading close to $94,600, Kiyosaki's concerns stem from rising global unemployment fears and economic instability, which he views as indicators of a larger financial crisis.

Kiyosaki's warnings are not new; he previously predicted a massive market crash in his book Rich Dad’s Prophecy, which he believes is leading to what he now refers to as a “New Great Depression.” He advises that while crashes can be devastating, they also present unique opportunities. Drawing from his experience during the 2008 financial meltdown, Kiyosaki notes that real assets like Bitcoin and gold often become available at bargain prices during times of panic. He suggests that if Bitcoin were to crash to $300, investors would have two choices: “cry or celebrate.”

One crypto analyst, Tommy.T, responded to Kiyosaki’s warning by suggesting that the panic is manufactured to fuel centralized control. Tommy believes that those who have prepared with Bitcoin and real assets are not panicking but rather building. He sees this potential collapse as a hidden opportunity, referring to it as the greatest wealth transfer. While the world fears unemployment, Tommy is focused on creating unstoppable income streams, crediting Kiyosaki’s early warning as the spark for his preparations.

Kiyosaki encourages people to be prepared rather than panicked. He emphasizes that readiness is more important than reacting emotionally when markets tumble. Despite his warnings, Kiyosaki remains bullish on Bitcoin’s long-term potential. Earlier this month, he predicted that BTC could soar to $1 million by 2035, alongside huge gains in gold and silver. He even suggested that buying a fraction of Bitcoin today could be enough to build future wealth.

In summary, while Bitcoin is currently experiencing a strong performance in the broader bull market, Kiyosaki's warnings about a potential financial collapse serve as a reminder to stay alert and be prepared for any eventuality. His advice to investors is to focus on readiness and long-term potential rather than being swayed by short-term market fluctuations.