Robert Kiyosaki Predicts Bitcoin Price To $1M Amid Crash Woes

Robert Kiyosaki has once again stolen the spotlight with his recent bold prediction that the Bitcoin price will soar past $1 million.

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has once again stolen the spotlight with his recent bold prediction that the Bitcoin price will soar past $1 million by 2035.

Besides, the investor said that the Gold price will hit $30K while the Silver price will attain $3,000 per coin in the same time frame. Notably, this comes as he reiterates his prediction of a “GREATER DEPRESSION” for the US.

Kiyosaki Predicts Bitcoin Price To $1M Amid Crash Woes

In a recent post on X, the Rich Dad Poor Dad author painted a grim picture of America’s financial future. He warned that soaring credit card debt, climbing unemployment, and dwindling pensions signal the early stages of a devastating economic crisis. According to him, the “biggest stock market crash in history” is unfolding right now.

However, amid this, he reiterated his previous advice while saying that Bitcoin price is poised to hit $1 million by 2035. Simultaneously, he also remained optimistic about precious metals like gold and silver amid the macroeconomic woes.

“They are losing ground rapidly due to inflation. Credit card debt is skyrocketing, a sure sign of desperation. We are sliding deeper into a DEPRESSION,” Kiyosaki said.

Kiyosaki Urges Taking Action

Meanwhile, Kiyosaki emphasized he had long warned about this crash in several books, including Rich Dad’s Prophecy, Fake, and Who Stole My Pension. He said those who listened to his advice are now better off. But, he worries for those who dismissed it.

“People who heeded my warnings are doing well today. I am concerned for those who did not.” Kiyosaki shared, urging individuals to still take action. He believes that investing in gold, silver, or even a portion of Bitcoin today could be life-changing.

He stressed, “It’s not too late, if you take action.” According to Kiyosaki, hesitation and negative self-talk are what keep people poor. He pointed out that even small investments, like a few ounces of gold or half a Bitcoin, could help individuals escape poverty after the economic storm passes.

Why Bitcoin Price May Hit $1M? Kiyosaki Reveals

Robert Kiyosaki’s belief that the Bitcoin price will reach $1 million by 2035 isn’t just a wild guess. It’s based on his deep mistrust of government-backed currencies and the collapsing traditional financial system. He explained that the US is drowning in debt and losing economic strength. At the same time, he sees decentralized assets like BTC as the new store of value.

“The U.S. is quickly losing its economic strength due to the government's spending habits and the printing of too much money. We are slipping deeper into DEPRESSION,” he said.

According to him, this coming Great Depression will be different from the last one, presenting unique challenges and opportunities. In his words:

"This coming Depression will be interesting. It will be the 3rd time the U.S. went bankrupt. Last time was in 1933. We are now in 2024.”

Kiyosaki further added that the rich are already preparing, while the middle class and poor are left vulnerable. “This coming Great Depression will cause millions to be poor and a few who take action, may enjoy great wealth and freedom,” he warned.

Notably, the Rich Dad Poor Dad author has long warned of a “financial disaster”, which he thinks could be due to the government’s inefficiency. Also, Kiyosaki has been actively supporting Bitcoin, gold, and silver during the economic turmoil, deeming these as safer havens.

What’s Next For BTC?

BTC price today was up nearly 1% and exchanged hands at $85,071 while its one-day volume fell 38% to $13.07 billion. Notably, Bitcoin price has hovered between $84K and $85K over the last 24 hours, accompanied by a soaring Futures Open Interest of over 5%.

According to analysts, this signals substantial activity among derivatives traders, who are placing sizable bets on the cryptocurrency’s future movements.

Amid this, analyst Ali Martinez has shed light on the current state of the market, highlighting key price levels that could determine Bitcoin’s future trajectory.

According to Martinez, a breakout above $86,000 or a breakdown below $83,000 will likely define the next significant price shift. Looking further ahead, Martinez identifies $91,275 as a crucial resistance level, aligning with the short-term holder realized price.

A surge past this point could signal a renewed bullish trend, while failure to break through may lead to continued consolidation.