This article was originally published on June 28, 2021 2:34 pm. It was one of the most read articles on Benzinga.com this year.
What Happened: Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad," cautioned his followers to prepare for “the biggest crash in world history.”
The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.— therealkiyosaki (@theRealKiyosaki) June 28, 2021
In a tweet on Monday, Kiyosaki warned that the next crash would be a long one, and investors should buy more gold, silver, and Bitcoin BTC/USD while they can.
Why It Matters: In December 2020, when Bitcoin was trading at $19,000, Kiyosaki announced he was glad he bought the digital asset and that he expected the price to hit $50,000.
“Glad I bought Bitcoin. Next stop $50 k. Wall of institutional money coming 2021. Buy below $20 k,” he said in a tweet.
Four months later, Bitcoin hit an all-time high of $64,800 but has since lost 46% of its value.
Still, Kiyosaki viewed the crash as “great news,” telling his Twitter followers last month that if the price hits $27,000, he will start buying again.
Last week, the author noted that the “biggest bubble in the history of the world” is getting bigger and that he was waiting for Bitcoin to drop to $24,000.
Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for Bitcoin to drop to $24 k. Crashes best time to get rich. Take care.— therealkiyosaki (@theRealKiyosaki) June 19, 2021
In both tweets, Kiyosaki suggested buying more Bitcoin despite the falling prices, saying that the best time to get rich is during a crash.
Price Action: At press time, Bitcoin was trading at $34,133, gaining 4.13% overnight.
The market-leading digital asset accounted for 46.47% of the market, with a trading volume of $34 billion at the time of writing.
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