‘R. Kiyosaki, the author of ‘Rich Dad’, cautions that Bitcoin is poised to plummet to $60,000′

The famedBitcoin(BTC) bull and author of the best-selling personal finance book ‘
Rich Dad Poor Dad’Robert Kiyosaki’smost recent Xpostindicates, at face value, that the prominent investor has finally turned bearish on the cryptocurrency.
Specifically, Kiyosaki concluded that BTC’s stalling slightly short of $100,000 indicates it is bound for a substantial correction and predicted the coin might plunge as low as $60,000.
Despite the bearish forecast, the famous author quickly turned his argument optimistic, explaining that such a cryptocurrency market move would, in fact, constitute a Bitcoin ‘sale’ and stressed that he would not be selling and would instead use the opportunity to buy more BTC.

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Bitcoin is stalled short of $100k.  That means BTC may crash to $60k.
If and when that happens I will not sell.  BTC will be having a sale.  I will buy more.
Additionally, the prominent investor added he still estimates the coin would reach $250 – likely meaning $250,000 – in 2025.

BITCOIN to CRASH

Bitcoin is stalled short of $100k. That means BTC may crash to $60k.
If and when that happens I will not sell. BTC will be having a sale. I will buy more.

I predict Bitcoin will settle around $250 in 2025.

At this stage of the BTC process… price is not…— Robert Kiyosaki (@theRealKiyosaki)December 1, 2024

Robert Kiyosaki says ‘FOMO is good’ then warns of a correction
While not uncharacteristically bearish, the X post can be seen as somewhat odd, perhaps even contradictory. Indeed, while Kiyosaki predicted a plunge to $60,000 on December 1, on November 30, heopinedBitcoin will soon climb to $100,000 and added ‘FOMO is good’ while urging his followers not to ‘be left behind.’
Additionally, the author also explained in the November 30 post that the ‘rich will get richer’ while describing the rich and the soon-to-be rich as those who are invested ingold,silver, and Bitcoin.

THE RICH WILL GET RICHER:

Q: WHO WiLL BE RICHER?
A: The people who save Gold, Silver. Bitcoin. I own all three financial assets.

Q: WhO WILL BE POORER?
A: The people who save dollars, Pesos, Yen, Euro, & Loonies.

As I warned in Rich Dad Poor Dad
“Savers are losers…because…— Robert Kiyosaki (@theRealKiyosaki)November 29, 2024

Kiyosaki has been a long-term advocate for BTC and the two commodities andis knownfor his bets onSolana(SOL),Ethereum(ETH), and wagyu cattle while also having a large real estate portfolio.
Simultaneously, the famous investor raised another of his long-standing talking points: that those who save American dollars and other similar currencies will grow poorer since ‘cash is trash.’
Finally, while it is impossible why Robert Kiyosaki changed his prediction from $100,000 Bitcoin being right around the corner to a looming correction to $60,000 before the high target is reached within approximately 24 hours, both posts fall in line with the author’s broader narrative.
Specifically, he has, in general, been recommending BTC no matter the circumstances – and, indeed, in the December 1 post, he stated that ‘price is not as important.’ Given the author’s $250,000 forecast for 2025, andhis agreementwithMicroStrategy(NASDAQ:MSTR) Michael Saylor’s $14 million 20-year price target, it shouldn’t matter if a trader purchases Bitcoin at its press time price of $95,358 or after a correction to $60,000 or another price.
Bitcoin price chart
Whatever the truth and accuracy of Robert Kiyosaki’s overall forecasts ends up being, Bitcoin’s most recent performance indicates there is truth to the correction prediction. Specifically, BTC began dropping late on December 1, and it stands at $95,358 at press time.


BTC 7-day price chart. Source: Finbold
Furthermore, though the weekly chart is red and shows the cryptocurrency has fallen 3.23% within the timeframe, it is worth remembering it is also just some $4,000 short of the all-time high (ATH) and remains a staggering 115.57% in the green year-to-date (YTD).

Featured image via Cavaleria Com
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