'Rich Dad Poor Dad' Author Reveals What He'll Do If Bitcoin Crashes to $200

04/03/2024 14:41
'Rich Dad Poor Dad' Author Reveals What He'll Do If Bitcoin Crashes to $200

Prominent Bitcoin supporter Kiyosaki reveals his “emergency plan” should BTC crash back to $200

'Rich Dad Poor Dad' Author Reveals What He'll Do If Bitcoin Crashes to $200

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Robert Kiyosaki, famous as a prominent investor, educator in the finance management sphere and author of the “Rich Dad Poor Dad” book, has taken to the X social media platform (formerly known as Twitter) to share another important Bitcoin-related message.

Harry Dent is predicting the biggest “everything” crash is coming. He is saying the “Baby Boom Generation” will be the biggest losers, as their homes crash in value. He says the S&P will fall by 80%.

He also predicts Bitcoin will drop back to $200 a coin.

If Harry is…

— Robert Kiyosaki (@theRealKiyosaki) April 2, 2024

This time, financial expert Kiyosaki referred to the prediction of economist and financial writer Harry Dent, who expects the biggest crash ever to arrive soon. Besides, Kiyosaki shared what actions he would undertake should Bitcoin retreat back to the $200 level – in line with Dent’s prediction.

Bitcoin to crash to $200, Dent predicts, here's Kiyosaki's comment

The renowned author of “Rich Dad Poor Dad” and other books on asset management that followed Kiyosaki quoted a recent prediction of prominent economist and book author Harry Dent. Per him, Kiyosaki says, there is “the biggest everything crash” coming and “the baby boom generation” will suffer the biggest losses in it since their personal real-estate property (homes) are crashing in value.

Per Dent, the S&P index is going to crash by 80% and the world’s flagship cryptocurrency Bitcoin is to collapse back to the $200 price level where it was last seen in 2013.

Robert Kiyosaki tweeted that should Dent’s ominous predictions come true, he will simply purchase more real estate, gold and silver. If Bitcoin indeed goes back down to $200, the writer said: “I will buy as many coins as I can.”

"Those who hold Bitcoin will be richer"

Should the above-mentioned prediction made by Harry Dent turn real, “those who are prepared will soon be multi-millionaires and possibly a few new billionaires,” Kiyosaki stated. Even if it does not happen or happens to a different degree, Robert continues, those investors who hold gold, silver and Bitcoin will increase their wealth.

He then reminded his audience (2.1 million followers on Twitter/X) that “Gold and silver are God's money. Bitcoin is people’s money and the dollar is fake money.”

As reported by U.Today earlier, Kiyosaki tweeted that he planned to lay his hands on 10 more Bitcoin before April – the month when the fourth BTC halving is scheduled this year. He also admitted that BTC could be a scam but that does not matter for him, since if that is so, Bitcoin is no more scam than all global fiat currencies.

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