Robert Kiyosaki predicted the collapse of the bitcoin cryptocurrency

Robert Kiyosaki, author of the bestselling book Rich Dad, Poor Dad, has doubts about the future BTC $98,947.07 Bitcoin -4.98% Market capitalization $1.96 trillion VOL. 24 hours $6.39 billion . The investor also predicted a poor future for the US dollar.

«Bitcoin and the US dollar — out? Citibank announced today that it is offering blockchain-based banking technology that allows institutions to convert their savings into Citibank tokens that can be used for instant, round-the-clock cross-border transactions. Goodbye, bitcoin and the US dollar?» the billionaire wrote on social network X.

In mid-September, Citigroup offered institutional clients a product called Citi Token Services. It converts clients' assets into digital tokens that can be instantly sent anywhere in the world. The service operates on a private blockchain owned and managed by the bank. Citi Token Services customers do not need to create their own digital wallet, but instead can access the service through the bank’s systems.

Earlier, Kiyosaki repeatedly predicted the death of the US dollar and said that he trusted only bitcoin, gold, and silver. He favored these three assets despite what he believed to be a short-term rise in the US stock market at the end of July caused by rising government debt.

As for bitcoin, at the time of writing, the market leader is trading at $ 26,255 with a market capitalization of $ 511 billion. Traders made daily trading deals worth $ 8.4 billion. BTC’s dominance in the market amounted to 47.2%.