Bitcoin crashes to $24,000! Bestselling author warns of brutal crash

June 25, 2021

Bitcoin crashes

He sees the "biggest crash in world history" coming on the financial markets - and predicts a Bitcoin crash to 24,000 dollars before that: Robert Kiyosaki, author of several financial bestsellers, is currently anything but optimistic about the prospects of the number one cryptocurrency. Nevertheless, there is a positive conclusion.

"The bubble is getting bigger"

Bitcoin is currently trading at $31,440 - down another 4.7% in the last 24 hours. Analysts are currently still divided on whether a new bear market has begun - but for bestselling author Robert Kiyosaki ("Rich Dad Poor Dad") there is no doubt: Bitcoin is in for a brutal decline. According to his assessment, the financial markets are even facing the "biggest crash in the history of the world".

On Twitter, Kiyosaki writes to his 1.6 million followers: the financial markets are currently in the "biggest bubble in the history of the world" - and in his estimation it is also "getting bigger and bigger". His solution: He wants to buy gold and silver now and wait for Bitcoin to fall to 24,000 dollars. Because, he concludes: you get rich with such crashes.

"Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buy more gold and silver. Wait for bitcoin to drop to $24k. Crashes best time to get rich. Take care of yourself."

Background Kiyosaki: Bestselling author Robert Kiyosaki has written 18 books to date, selling more than 32 million copies in total. Three of his works (Rich Dad, Poor Dad, Rich Dad's Cashflow Quadrant and Rich Dad's Guide to Investing) were simultaneously in the top 10 bestseller lists of the Wall Street Journal, USA Today and the New York Times. In German-speaking countries, all three books were repeatedly on Manager Magazin's bestseller list.

A bitcoin crash? "Great news"

Kiyosaki has spoken out on Bitcoin and cryptocurrencies several times in the past. In September 2020, however, he still described BTC as potentially the fastest horse compared to gold and silver:

"GOLD is up 35% in 2020. S&P only 3%. Silver is still the best, still 30% below its all-time high. Best because it is limited in quantity, used in industry and still affordable for those on tight budgets. The sleeper is bitcoin. I suspect it is about to become the fastest horse."

Also at the time, he expressed optimism about a Bitcoin crash, commenting that it was "great news" that the Bitcoin price was crashing - he would gladly buy more of it at $27,000 a piece.

So it seems Kiyosaki believes in Bitcoin's long-term success despite bearish calls.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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