Stock Market Crash, Bitcoin to Peak, Robert Kiyosaki Addresses Geeks

Robert Kiyosaki, author of the famous 'Rich Dad Poor Dad', predicts a market crash in the near future, opening up new buying opportunities for long-term investments.

Kiyosaki, the famous financial coach, is back in the spotlight for his views on current market trends, stating that the warnings he gave in the past are now becoming reality.

In a recent tweet, Kiyosaki noted that the price of Bitcoin is collapsing and called this situation a "Big News". In a single day, the world's largest cryptocurrency in terms of adoption and market size dropped more than 6%, from a value of $102,000 to $94,000.

In the tweet, Robert stated:

In the post, Kiyosaki emphasised that he will continue to buy Bitcoin as the collapse represents a buying opportunity. Furthermore, the author mentioned the famous rule of cryptocurrency holders, addressing the community and reminding them that Bitcoin's availability for purchase is limited.

In December 2024, Robert reiterated that in 2025 Bitcoin will skyrocket, reaching $350.000 or, at the very least, touching $175,000 per coin.

The Imminent Collapse is Around the Corner

In 2013, Robert published a book titled "Rich Dad's Prophecy". In his tweet on Wednesday on X (formerly Twitter), he referred to that book in which he talked about the great stock market crash. In the tweet, he stated that the crash is coming.

According to Robert, he predicted the collapse as early as 2008, when the Fed began printing money and its chairman, Ben Bernanke, began paying himself and other banks billions in bonuses, while millions of families with financial obligations lost their homes, savings and jobs.

Now, Robert Kiyosaki says that history will repeat itself in 2025 and that the car market, wine sales and real estate will start to lose value. He claims he wants to buy real assets such as Bitcoin, gold and silver using the 'fake US dollar'. By 'fake' he means that the dollar is not backed by anything, as it has been printed in large quantities in recent years.

Robert reminded investors in cryptocurrencies and the stock market on X that: "Slumps are the best time to get rich.

The Link Between Cryptocurrencies and the Stock Market

Many ETF experts are correlating cryptocurrencies to falling stock prices in the US. Geeks.live, a cryptocurrency tracking platform, says:
"Cryptocurrencies have corrected sharply as US equities such as Tesla and Nvidia have plummeted, with Bitcoin dropping below $100,000 and altcoins falling even more exponentially."

The analysts at Geeks.live are convinced that the bullish market is still there and are urging investors to buy Bitcoin at this discounted price.

Also, Eric Balchunas, an ETF analyst at Bloomberg, made similar remarks, pointing out the direct link between the stock market and Bitcoin. He wrote: "Problems with the US stock market... I'm not making predictions, but I am saying this is kryptonite for BTC. I'm still sceptical that BTC can go up if stocks go down."

When asked if Bitcoin will be able to remain resilient in these market conditions, Eric replied that if it did, it would be a move from risk asset to safe haven.

The drop in Bitcoin's price triggered a series of liquidity events, leading to the liquidation of 236.481 traders for an estimated $693.52 million, according to reports from Coinglass.

While Kiyosaki considers Bitcoin's collapse to be good news and encourages everyone to buy at bargain prices, cryptocurrency geeks are concerned about the direct correlation between cryptocurrencies and the stock market.