news 
Robert Kiyosaki Warns of Bitcoin Crash to $90K but Plans to Accumulate
In a recent update, renowned financial expert and author of “Rich Dad Poor Dad,” Robert Kiyosaki, has sounded the alarm for potential Bitcoin crash. However, he has no intention of selling his holdings. Instead, Kiyosaki plans to accumulate more Bitcoin as prices continue to fluctuate.
Kiyosaki’s warning comes amid a concerning period in the market. Bitcoin began August by plummeting from $118,000 to nearly $112,300 over the weekend, raising concerns about an impending crash. The current decline follows a pattern seen in past years, with eight losses recorded in the last 12 years. This trend has sparked debate among investors and analysts.
Despite the bearish sentiment, Kiyosaki believes Bitcoin’s long-term value remains intact due to macroeconomic factors such as rising national debt and central bank policy shifts. He reiterated his stance that Bitcoin serves as a hedge against flawed financial systems. In light of these concerns, he has decided not to reduce his holdings but rather continue accumulating.
Arthur Hayes, co-founder of BitMEX, shares Kiyosaki’s sentiment regarding the potential for a short-term drop in Bitcoin prices. However, both experts predict a rebound in the long term, driven by factors such as job market instability and inflation concerns.
Source: coincentral.com
