Robert Kiyosaki, the author of ‘Rich Dad, Poor Dad’, the number one personal finance book of all time, recently tweeted on his X (formerly Twitter) that the asset bubbles will soon “bust”, and when they do, chances are gold, silver, and bitcoin will bust too.
Robert Kiyosaki says
Robert Kiyosaki, known for his raw honesty, fearlessness, investing strategies, and his commitment to financial literacy, has made him a financial icon, readily active on X.
With his book, he has changed the global idea behind money with financial education to be financially free.
His tweet indicated that the market fall would impact most assets, including crypto, with a sharp correction even though Bitcoin is seen as a hedge against inflation. Yet, as the saying Every cloud has a silver lining; he views this as a purchasing opportunity for gold, silver, and bitcoin at lower prices, during the crash.
What other crypto experts, including Joe Burnett and Michael Saylor, say
However, the director of Bitcoin Strategy, Joe Burnett, also argued that ‘they were not a bubble because most people still don’t understand the underlying asset, let alone the companies buying it.’
Bitcoin treasury companies aren’t experimenting — they’re directly allocating capital into Bitcoin, which he calls ‘money itself,’ rather than speculative ventures, he said to news outlets.
Michael Saylor, C.E.O. of Strategy, tweeted about his acquisition of 6,220 BTC for an average of $739.8 million even amidst the speculations of a market crash. Could it be a positive sign for Bitcoin?
Earlier this year, Kiyosaki had also cheered Bitcoin’s growth of above $120,000 while reminding his followers not to be too greedy.
Meanwhile, Chief Investment Officer at Apollo, Henrik Anderson, also asked investors to do their own research instead of falling for the predictions on social media, emphasizing the need for informed decision-making.
“The investors would be better off doing their own research rather than listening to ‘influencers,’” he said to CoinTelegraph.
While he remains bullish on his opinion about Bitcoin, gold, and silver in the long term, he appears to be more cautious now, hinting that even strong supporters are wavering due to the short-term risks as prices continue to climb.
