Starting Late Next Year, Bull Market Cycles Expected Across All Investment Sectors
Robert Kiyosaki, the author of the bestseller "Rich Dad Poor Dad," has warned of the worst Bitcoin crash.
On the 4th, Kiyosaki stated on his X (formerly Twitter), "Technical charts indicate the largest market collapse in history," and claimed, "Prices of real estate, stocks, bonds, gold, silver, and Bitcoin will all plummet." He added, "The upcoming crash will be an opportunity to buy excellent assets at low prices." However, he also predicted, "The bull market cycle starting at the end of next year will be an event that gold, silver, and Bitcoin investors have been waiting for," and "Investors will be rewarded for their patience during this time."
He said that during the bull market cycle following the worst crash, gold, silver, and Bitcoin will all reach record highs. Kiyosaki forecasted, "Gold will reach $15,000 per ounce (about 20 million KRW), silver will reach $110 per ounce (about 150,000 KRW), and Bitcoin will easily surpass $10 million per coin (about 1.38 billion KRW)."
Meanwhile, Kiyosaki referred to traditional currencies like the dollar as "fake" and said, "Market confidence in currencies will increasingly waver." Additionally, Kiyosaki has consistently emphasized Bitcoin investment for several years. In March, he predicted, "Bitcoin will surpass $300,000 (about 410 million KRW) this year," and last month, he forecasted that Bitcoin would exceed $350,000 (about 480 million KRW) by August 25.
Bitcoin reached an all-time high by surpassing $73,500 in March. On domestic trading sites, Bitcoin price also exceeded 100 million KRW for the first time ever. After fluctuating, Bitcoin has been declining for several weeks due to concerns over large-scale sales from Mt. Gox. As of the 9th, Bitcoin is trading around $57,337 (about 79 million KRW).
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