American businessman and best-selling author Robert Kiyosaki is picking Bitcoin alongside precious metals gold and silver as a hedge against everything else, he said in a tweet today.
The controversial ‘Rich Dad, Poor Dad’ author, whose book has sold nearly 32 million copies since its 2002 release, has previously voiced views against the macroeconomy and is a long-time crypto proponent.
But he now says a global crash of epic proportions is coming. “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash, he tweeted, adding:
“Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.”
Bitcoin to as low as $24,000 before a million?
Kiyosaki said earlier this month that he expected Bitcoin to fall as low as $24,000. “Biggest bubble in world history getting bigger,” he tweeted on June 19, claiming he was already buying gold and solver and was waiting on lower Bitcoin prices.
The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.
— therealkiyosaki (@theRealKiyosaki) June 28, 2021
The sentiment is similar to one shared by Guggenheim Partners CIO Scott Minerd, who called for a 40% drop in Bitcoin prices in May 2021. The asset traded at nearly $65,000 at its peak, but has since fallen to as low as $28,000 in the past few days.
Meanwhile, ‘Rich Dad’ author Kiyosaki remains a long-term Bitcoin bull and is one of the many individuals to have made a boisterous target for Bitcoin.
In an interview with news channel Kitco earlier this year, Kiyosaki predicted as much as a $1.2 million price target for the world’s biggest cryptocurrency.
“I think it’s going to $1.2 million in five more years,” he said at the time, claiming to have purchased Bitcoin at $9,000 and looking ‘like a genius’ when the asset reached $55,000 (the price of BTC at the time of the interview).
Get an edge on the cryptoasset market
Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.
Join now for $19/month Explore all benefits