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Bitcoin is predicted to have the biggest drop in its history

1:13 pm, October 15, 2024

Robert Kiyosaki, known for his loyalty to cryptocurrencies and precious metals, believes that the BTC could fall by more than 10 times.

In his recent post on social networking site X, he once again drew everyone’s attention to the Great Financial Crisis of 2008, known as the GFC. This crisis began when the Federal Reserve and the Treasury printed trillions of fake dollars to end the global recession.

According to him, the Great Financial Crisis turned into a Bubble of Everything, which caused the market to grow further. However, this bubble is ready to finally burst, which will lead to the Crash of Everything. This time, everything, including the BTC (according to Kiyosaki), gold, silver, and other assets, will collapse, and «the bubble will turn into a mega-explosion of the entire system» similar to the eruption of Mount Vesuvius.

The most disturbing conclusion is that the value of the BTC currency could fall to $ 5,000 under such circumstances. Robert Kiyosaki, on the other hand, predicted a rise to $ 100,000 or even $ 250,000. In his post to readers, he stated that the «Collapse of Everything» is an opportunity to get rich, and those who are well prepared, like himself, will become much richer.

Robert Kiyosaki’s prediction of the collapse of BTC, which will reduce its value to $ 5,000, could lead to a permanent collapse of the entire cryptocurrency industry. After a 92% drop, Bitcoin’s market capitalization will fall to $ 9.8 billion.

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