A popular book author, Robert Kiyosaki, has built a superior image among crypto investors. This is because Robert has opted for Bitcoin and other assets like Gold and Silver instead of paper money, winning over the support of many. It also became significant, as the world has not openly accepted digital assets like Bitcoin, especially the government, so users connected with personalities who favored the same. As Robert has often commented on and forecasted the future of these hard assets, he became a source of information about the financial market.
On multiple occasions, Kiyosaki invited people to buy Bitcoin and is persistent in his belief. Until recently, Robert forecasted a bright future for these assets. However, for many weeks, he has focused on the biggest crash of the financial market. Talking of which, he recently hinted at the biggest BTC crash, bringing the value down to as low as $5K.
Robert Kiyosaki Forecasts Biggest BTC Crash
Once again, Robert Kiyosaki forecasted the biggest financial market crash, which would affect all types of assets, including Bitcoin. Through a recent X post, he has brought everyone’s attention back to the GFC, the Great Financial Crisis of 2008, which began with the Fed and Treasury printing trillions of fake dollars to stop the Global “F-ing” Depression.
K**S: Keeping It Super Simple: Friends said my previous Tweet was confusing. My apologies. So please read my previous Tweet and this Tweet and maybe I might make more sense…if I….K**S: I Keep it Super Simple.
Here goes. In 2008 was the GFC the Great Financial Crisis.
The…
— Robert Kiyosaki (@theRealKiyosaki) October 12, 2024
As per his post, this GFC turned into the Everything Bubble, where the market rose, but that bubble is about to burst now, making it the Everything Crash. This time, everything will crash, including Bitcoin, Gold, Silver, and more, where “the bubble will turn into a “blow off top” like Mt Vesuvius blowing up.”
Here, the shocking revelation is of the BTC cash, where the value could drop as low as $5K. However, Robert Kiyosaki’s forecast also clarified that it could boom to $100,000 or even 250,000. He assured the readers that ‘Everything Crash’ is the opportunity to become rich, where the prepared one like him will become richer. He further expressed that he wants to see the people becoming rich and not the victims of the Fed and Treasury, so the investors need to Keep it simple, as it is the best time to get rich.
“Keeping It Super Simple…in my previous Tweet I was saying “The best time to get rich….is coming again.”
What Will Happen If BTC Crashed $5K?
Bitcoin is the biggest cryptocurrency, covering half of the total market capitalization ($2.29T) at $1.3T. Moreover, it has a high value, as the current BTC price is $65,701, which balances its low total supply of 21M BTC, with 19.77M already in circulation.
If Robert Kiyosaki’s forecast came true with the BTC crash, bringing the value down to $5K, the entire crypto market would crash. With a value of $5k, Bitcoin’s market capitalization will drop to $9.8 Billion after a 92% drop. It is less than Shiba Inu’s market cap, the 13th largest cryptocurrency.
This huge drop will end the crypto market, confirming the financial market crash, as Robert Kiyosaki believes. However, this would not stop here as this BTC crash will create worldwide selling panic. It will result in an elevated downtrend, with holders liquidating their positions. Even companies with Bitcoin or crypto holdings would face heavy losses. It will include MicroStrategy, Tesla, Metaplanet with Bitcoin holdings past the 855 mark, and many more.
Even the BTC miners will run out of business after heavy losses. This BTC crash will also put the blockchain at risk if the miners leave the validation part. Even crypto service providers like crypto exchanges will face heavy liquidity and losses. Some might even go bankrupt, leading to stricter government regulation past this crash.
However, Bitcoin price has not dropped to this low since 2019, so imagining a situation like this is hard. It is also difficult to think as the crypto market is getting stronger with support from Donald Trump. Even Kamala Harris has promised further developments, so a lot is coming for this industry. More importantly, after constant profitable performance, its demand might stay the same. Many might take it as an opportunity to buy Bitcoin at $5k and sell when the price recovers again. This is what Robert Kiyosaki also talked about in his post.
What’s There For You?
Though Robert Kiyosaki forecasts the biggest Financial crisis, the timeline is uncertain. It might take a year or ten for this to happen, offering the time to take advantage of the ongoing semi-bullish crypto market. As the Bitcoin price has begun to lift again, the market has turned lively, with many altcoins hitting ATH. With this, many speculated the beginning of the Uptober and crypto market rally. However, uncertainties are common in this industry, so every investor should stay prepared for all the ups and downs. It also includes the future crash, but as Robert explained, this will be the opportunity to become rich.
The post Robert Kiyosaki Predicts BTC Crash to $5K – Everything Crash Warning appeared first on CoinGape.
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