‘Rich Dad Poor Dad’ co-author predicts bitcoin crash to $24K

Famous investor and Rich Dad Poor Dad co-author Robert Kiyosaki said the biggest crash in the history of the world is on its way.

“The biggest bubble in world history getting bigger. The biggest crash in world history coming. Buying more gold and silver,” the 1997 bestseller book co-author wrote on his Twitter account, adding he is “waiting for bitcoin to drop to $24K,” noting crashes are the best times to get rich.

The famed book personality, however, did not offer any sort of elaboration or explanation on how he came up with his bitcoin price prediction.

During the bitcoin dip

In May, when bitcoin prices started to fall sharply, Kiyosaki urged people to buy and take advantage of the dip.

At that time, he said, “I hear ‘I can’t afford bitcoin,’” adding that bitcoin crashing is good news and that it is a chance for those who wish to buy the crypto to make their purchase.

He also advised people to get educated and buy coins that outperform bitcoin for pennies, urging them to stop whining and take action already.

On May 30, when bitcoin fell to the $37K level, the author once again used his Twitter account to say, “Bitcoin crashing. Great news. When price hits $27,000, I may start buying.”

Where bitcoin currently stands

After climbing to almost $65,000 back in April this year, bitcoin slowly lost its gains it even plummeted all the way down to below $30,000.

Since then, it has been languishing for over a month now below the $40,000 mark. At press time, according to data from CoinGecko, the largest cryptocurrency by market capitalization is trading at $34,112.

It is down 5% for the past day and is staring at a decline of 4.2% over the past seven days.

 

Image courtesy of Cointelegraph News/YouTube

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