 
 
While some analysts believe Bitcoin is readying for a big move after a brief trip below $117,000 on Friday, the author of the best-selling book “Rich Dad Poor Dad” shares a somewhat bearish prediction.
Bitcoin Bubble To Pop Soon?
Robert Kiyosaki said in a Monday post that the Bitcoin “bubble” could soon burst. “BUBBLES are about to start BURSTING,” Kiyosaki wrote. His remark suggests a sharp correction is imminent for the financial markets.
The crypto market has been on a bullish frenzy in recent weeks, with Bitcoin smashing a fresh lifetime high of $122,838 on July 14, before retracing to $119,022 at press time, according to CoinGecko data.
In Kiyosaki’s belief, once the bubble starts popping, it will lead to a significant fall in the price of Bitcoin as well as that of traditional safe-haven assets like gold and silver.
However, the renowned author believes the looming market crash is good news as he will be able to buy these assets at discounted prices:
 
“If prices of gold, silver, and Bitcoin crash…. I will be buying.”
His post follows his earlier comments while celebrating Bitcoin’s record high above $120,000 last week, where he asserted that the new peak was “great news for those who already have some BTC” and “bad news for who… for whatever reason… never “pulled the trigger,”’ because “they own nothing.”
Kiyosaki’s latest doom-laden comment, however, conflicts with his comment on the X social media platform in early July, when he slammed “clickbait losers” that keep predicting a Bitcoin crash with the intention to “frighten off the speculators.”
Even though Kiyosaki believes a market meltdown could be on the way, he plans to seize the chance to purchase more assets at bargain prices in anticipation of a future rally. Last month, he projected that Bitcoin could hit $1 million a coin by 2030.
Source: https://zycrypto.com/robert-kiyosaki-cautions-bitcoin-bubble-about-to-burst-but-suggests-its-good-news-heres-why/