Robert Kiyosaki, a Bitcoin (BTC) proponent, has shared that he plans to buy more BTC if its price drops to $200, as financial writer Harry Dent predicts.
Kiyosaki Backs Dent’s Bitcoin Prediction
Kiyosaki, renowned for his bestselling books such as Rich Dad Poor Dad, has agreed with Dent’s prediction that if BTC reaches such a low point, it could create numerous new multi-millionaires and possibly even a few billionaires.
The analyst, known for stirring controversy, mentioned that the crash he predicted two years ago would occur this year and affect all sectors, including real estate.
Dent, recognized for his ability to forecast financial and economic downturns, also argued that the central bank’s interventions in response to this impending disaster would only exacerbate the next crisis, with treasury bonds being considered the safest option.
While some of his predictions have been off the mark, Dent accurately predicted the dotcom crash in 2000 and Japan’s bubble burst and recession in 1989.
In October 2023, he cautioned Think Advisor that the U.S. economy would experience “the crash of a lifetime” in 2024, forecasting an 86% stock market decline on the S&P index.
A Bold Investment Move
Kiyosaki intends to boost his investments in real estate, gold, silver, and BTC to increase his wealth. According to him, Dent’s expectation for “everything to crash” might hit the Baby Boom generation particularly hard, as the value of their homes could plummet.
“If Harry’s predictions come true, I’ll invest more in real estate, gold, and silver. And if Bitcoin’s price falls to $200 per coin, I’ll snatch up as many coins as possible.
If Harry’s forecasts pan out, those who are ready could become millionaires, maybe even some new billionaires. I’m rooting for Harry Dent to be right. But even if he’s not, those holding onto gold, silver, and Bitcoin stand to gain.” Said Robert Kiyosaki
The Bitcoin advocate continued to emphasize his belief that the dollar is not a genuine currency, considering gold and silver as the actual assets.
Although Kiyosaki encourages continued investment in gold and silver, he favours BTC over precious metals due to its finite supply of 21 million coins. He considers Bitcoin superior to other assets because of its limited availability, which he sees as an advantage.
