Robert Kiyosaki Sees Stock Crash Driving BTC Prices Down
Robert Kiyosaki, best-selling author rich dad poor dadwarned that the biggest stock market crash in history was coming. He predicts that expensive assets such as homes, gold, silver and Bitcoin will soon hit the market.
Kiyosaki’s comments come as the cryptocurrency market faces a sharp correction due to declines in U.S. stocks including Nvidia and Tesla.
Robert Kiyosaki predicts Bitcoin sell-off
Kiyosaki reiterated his long-held prediction on social media, attributing the looming collapse to decisions made during the 2008 financial crisis. He claimed that leaders like his predecessor Fed Chairman Ben Bernanke prioritized bailing out banks over ordinary citizens.
“I warned you. In 2013, I published Rich dad’s prophecypredicted the largest stock market crash in history. The collapse is now,” he release.
Kiyosaki also warned that the car and housing markets, restaurants, retailers and even wine sales will collapse by 2025. He also admitted that the world was on the brink of war, which in his opinion made everything worse.
“Please be smart. Many expensive assets will be sold. I will buy more real assets with fake dollars,” Kiyosaki quipped.
The announcement follows Bitcoin’s recent price decline, which dropped to $95,370 at the time of writing from over $101,700 on Tuesday. That represents a drop of nearly 7% since Wednesday’s open.
Still, Kiyosaki expressed optimism and expressed his intention to take advantage of the crash to buy more Bitcoin.
“Bitcoin crashed. Good news. I continue to buy Bitcoin because a Bitcoin crash means Bitcoin is on sale. Remember ‘buy low…and hold’. Less than 2 million Bitcoins still need to be mined,” he additional.
Experts link Bitcoin and cryptocurrencies to stocks
Meanwhile, experts have linked the correction in the cryptocurrency market to the decline in U.S. stocks. Greeks.live, a platform that analyzes cryptocurrency options, pointed out this correlation in a post on X (Twitter).
“Due to the sharp decline in U.S. stocks such as NVIDIA and Tesla, cryptocurrency has experienced a sharp correction. Bitcoin once again fell below $100,000, and altcoins fell even more sharply.” Greeks.live wrote.
Still, analysts at Greeks.live remain optimistic that the bull market is still here. Against this backdrop, they urge investors to take advantage of this correction buy bitcoin at a discounted price. A $100,000 short-term call option is a great deal if you choose to take the risk now. “
Eric Balchunas, senior ETF analyst at Bloomberg, expressed a similar view. He drew a direct correlation between Bitcoin and stock market performance.
“The U.S. stock market is in trouble…not a prediction, just saying that’s BTC kryptonite. I still doubt Bitcoin can rise if the stock market falls,” he wrote.
When asked whether Bitcoin could prove resilient even as stocks fell, Balciunas responded If this happens, it will show a significant evolution from risk assets to safe-haven assets. Still, he remains skeptical.
Cryptocurrency analyst Adam Cochran has shared his views, noting that while he believes the cryptocurrency is ripe for a breakout, its potential rally is limited by “larger economic drag,” which would intensified the controversy.
“Big money doesn’t eliminate risk curve During the economic downturn,” he additional.
Meanwhile, Bitcoin’s current price drop has triggered widespread liquidations. According to data from Coinglass, more than 236,481 traders were liquidated in the past 24 hours, with a total liquidation amount of $693.52 million.
The sharp decline in Bitcoin prices and altcoin markets reflects more general pessimism in market sentiment, driven by a stronger U.S. dollar and continued gains in stocks volatility.
The performance of the cryptocurrency market continues to raise questions about its correlation with traditional financial markets. While some investors view the recent economic downturn as an opportunity to accumulate assets at lower prices, others remain cautious, citing Macroeconomics Uncertainty.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.