Robert Kiyosaki, the popular author of “Rich Dad Poor Dad” recently reiterated his commitment to investing in Bitcoin (BTC) after Harry Shuler Dent, an American financial newsletter writer predicted that the coin will fall to $200.
BTC To Make Many Millionaires
Kiyosaki highlighted that Dent has been writing a lot about “everything.”
As part of the crash everything is recording lately, he believes the “Baby Boom Generation” will be the biggest losers, as their homes will crash in value. According to the author, Dent also said that the S&P 500 will fall by 80% while Bitcoin will plummet to as low as $200, an unthinkable level to where the coin is currently.
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
Unfazed by these speculations, Kiyosaki noted that if Dent’s predictions eventually become reality, he would invest his funds in acquiring more Bitcoin. The financial educator sees the potential downtrend in Bitcoin price as a rare opportunity that could transform prepared investors into multi-millionaires or even billionaires as the case may be.
“I hope Harry Dent is right. Even if he isn’t those who are holding gold, silver, and Bitcoin will be richer,” Robert Kiyosaki added.
Dent and Peter Schiff share a common dislike towards Bitcoin as the latter equally said that the crypto could see a further nosedive in the coming future.
Robert Kiyosaki and Bitcoin Price Prediction
In a funny irony, Dent’s prediction follows an earlier bullish statement made by Kiyosaki about Bitcoin price. When Bitcoin hit an all-time high (ATH) of $70,200 a few weeks ago, Kiyosaki declared that Bitcoin’s next stop is $300,000 in 2024, hence, it is “important to start, even if only for $500.”
At a later time, he provided insights that suggested that his bullish stance in BTC is grounded in a comprehensive analysis of global economic trends and Bitcoin’s intrinsic value proposition. To put it in perspective, Kiyosaki spotted the United States’ economic instability fueled by soaring debt levels, currency devaluation, and geopolitical tensions.
In the long run, he believes the economic turmoil would become overwhelming, forcing investors to seek alternative investments to navigate the uncertain financial terrain during inflation and other monetary issues. When this happens, he is convinced Bitcoin will become the star of the show, and the price of the coin will skyrocket significantly.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
