Crisis Oracle Explained: What Will Bitcoin Do If It Crashes?

While financial markets have been struggling with fluctuations lately, investors are looking for a safe haven. In this search, the role of Bitcoin (BTC) is a matter of curiosity. While some experts, such as Robert Kiyosaki, author of “Rich Dad Poor Dad,” defend Bitcoin's potential, others argue that it is a risky investment. Kiyosaki's latest tweets once again reveal his thoughts about Bitcoin and financial markets.

Kiyosaki's Bitcoin optimism

Entrepreneur, investor and author of the popular book “Rich Dad Poor Dad” Robert Kiyosaki has once again set the internet on fire with his bold statements regarding Bitcoin and financial markets. Speaking on the X social media platform, Kiyosaki answered a frequently asked question about his stance on Bitcoin in the face of a possible collapse, while also explaining his controversial views on the FED.

I am often asked “What happens if Bitcoin crashes?” My reply is the same for Bitcoin, gold, or silver. My reply is “I would be happy and I would buy more, once the crashing stops.”

All market crashes are, are assets going on and “sale” is my favorite four letter word.

— Robert Kiyosaki (@theRealKiyosaki) February 23, 2024

When asked for his reaction to a possible Bitcoin crash, Kiyosaki's response was surprisingly optimistic. “I'll be happy and buy more when the crash stops,” he tweeted, emphasizing that he saw the crash as a buying opportunity. This sentiment extends beyond Bitcoin, as Kiyosaki also considers crashes in gold and silver to be “sells.” Notably, he recently predicted that Bitcoin would reach $100,000 by June 2024, while he expected gold to fall below $1,200.

Kiyosaki did not hesitate to criticize the FED. He then accused them of impoverishing the middle and lower classes while bailing out their “rich banker friends.” This distrust is also reflected in his belief in Bitcoin, which he sees as a hedge against the Fed's policies. He has been vocal about his expectation of a major market crash since 2020 and has received both criticism and support from the online community. Bitcoin maximalist Max Keiser recently echoed Kiyosaki's predictions, tweeting about a potential stock market crash and Bitcoin reaching $500,000.

### Kiyosaki's previous comments

Although Kiyosaki's financial advice has resonated with many people, it is important to approach his statements with caution. His predictions have not always come true, and his views on the financial system are often controversial. Investors should remember to do their own research and diversify their portfolios before making any investment decisions based on individual opinions. However, as we reported as Kriptokoin.com, it is claimed that he was correct about the Lehman collapse in 2008.

Robert Kiyosaki's recent statements have fueled ongoing discussions about the future of Bitcoin and financial markets. Kiyosaki's supportive attitude towards Bitcoin in the face of possible crashes and his criticism of the Fed are sure to cause more controversy. However, it is crucial for investors to remember the importance of responsible financial planning and independent research before making any investment decisions.

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