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Robert Kiyosakithe famous entrepreneur and investor, who authored the best-selling book on financial management “Rich Dad Poor Dad,” addressed the overnight Bitcoin price collapse as the price of BTC fell well below the $102,000 it almost managed to reclaim this week.
Kiyosaki's tweet was somewhat celebratory as he said that Bitcoin is now "on sale."
“Bitcoin collapse. Great news.”
Kiyosaki happily noted that Bitcoin's price is collapsing and called it "great news" as the world's leading cryptocurrency by market cap size and institutional adoption fell more than 6% overnight.
Since yesterday, Bitcoin has collapsed from nearly $102,000 and reached the $95,500 region. So far, it has rebounded slightly, reaching the $96,000 price level.
Kiyosaki stated that he continues to buy Bitcoin because “a Bitcoin collapse means Bitcoin is on sale.” He also cited a popular rule of Bitcoin traders: “buy low and HODL.” The financial expert also reminded the cryptocurrency community that there are not many bitcoins left to buy, while spot ETFs and other financial institutions, such as MicroStrategy, continue to collect bitcoin: “less than 2 million additional bitcoins will be mined.”
In December, Kiyosaki repeatedly stressed that in 2025, he expects Bitcoin to rise to $350,000 or at least $175,000 per coin.
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"The biggest collapse in history" has arrived: Kiyosaki
In another tweet posted today, Kiyosaki reminded the community that the "Rich Dad Prophecy" related to the book he published in 2013 has finally arrived, and he claims that he can now see "the biggest stock market crash in history."
According to Kiyosaki, he has been able to predict this since 2008, when money printing began during the financial crisis and “Fed Chairman Ben Bernanke paid himself and his bankers billions in bonuses while millions,” while ordinary people with families and families lost liabilities. Finance their homes, jobs and savings in banks.
Now, Kiyosaki says, history is repeating itself, and “in 2025, the car market, the housing market, restaurants, retailers and even wine sales will collapse.” But he intends to buy “real assets,” such as bitcoin, gold, and silver, with “fake US dollars.” Fake, as it is not backed by anything and has been printed repeatedly in the past few years. He reminded his audience
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