Personal finance author Robert Kiyosaki believes that Bitcoin will collapse below $30,000 as he sees a massive crash on the horizon.
Kiyosaki, co-author of the best-selling Rich Dad Poor Dad series, predicts in a new video that Bitcoin could go through a significant downturn as central banks around the world move against BTC and other cryptocurrencies.
According to Kiyosaki, central banks “want to destroy” the nascent space.
“So here’s stocks. The government will make sure it doesn’t crash. Gold will not crash. But crypto could. You know why? Because the Fed doesn’t want it. Because the reason I like crypto, the reason I buy Bitcoin and Ethereum and all that stuff, is I don’t like the Fed.
When I talk to most of the young guys, they don’t like the Fed either. But the problem is, and this is why you’ve got to be smarter, is that the Fed wants to take [crypto] out. The European Central Bank (ECB) wants to take it out. The Bank of Japan wants to take it out. The Bank of China wants to take it out.”
Kiyosaki specifically mentions the future risk of central bank digital currencies (CBDCs), which he thinks China will roll out before the United States.
Kiyosaki adds that he’s waiting for Bitcoin to print a new 2021 low of around $20,000.
“Biggest bubble in world history getting bigger. Biggest crash in world history coming.
Buying more gold and silver. Waiting for Bitcoin to drop to $24,000. Crashes best time to get rich. Take care.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong