- Robert Kiyosaki expects a multi-market crash in the coming days.
- Crypto Twitter takes it with a pinch of salt, and BTC slides 5.8%.
- CPI rates for January are set to release on Valentine’s Day.
The author of the best-selling book “Rich Dad Poor Dad” is pessimistic about Bitcoin’s (BTC) price soon. In a recent tweet, the multi-millionaire Remarked that the “VALENTINE'S DAY MASSACRE is predicted by Stansberry Research.”
Referring to Al Capone’s bloody ventures in Chicago in the 1920s, the writer went into more detail and said, “Everything will crash including prices of gold, silver, BC. Do not panic. Good news. I will buy more G,S,BC, real money w/ fake $.”
The American entrepreneur also mentioned that more than 144,000 people were cut off in the IT sector in 2022, indicating that a giant crash is coming. Kiyosaki sees it as a buying opportunity and might join other famous crypto investors in ‘buying the dip.’
After 12 years of predicting this, eventually he will be right— Jon Westbay (@jonwestbay) February 10, 2023
Why Valentine’s Day?
Firstly, this theory is backed by the United States' government announcement on February 14th, 2023. The FED rate hike would affect the monetary policy, thus sending the crypto markets on a downward slope. According to crypto analyst Colin Wu, “The previous value was 6.5%, and the CPI is expected to be 6.3% in January.”
Secondly, the U.S. Securities and Exchange Commission’s crackdown on Kraken’s staking system resulted in a $30 million fine and instantly terminated the product. The developments sent the leading crypto down by 5.8% in the last seven days and slightly 1% in the red in the last 24 hours. At press time, Bitcoin (BTC) trades at $21,619.82, according to CoinGecko.
Finally, the crypto data analytics platform IntoTheBlock indicates three technical bearish signals for Bitcoin’s price, including Net Network Growth, In The Money, Large Transactions & Bid-Ask Volume Imbalance.
On February 14, the United States will announce the January CPI data, which is one of the most important data affecting the Fed's monetary policy. The previous value was 6.5%, and the CPI is expected to be 6.3% in January. https://t.co/nGgrVQMsDQ— Wu Blockchain (@WuBlockchain) February 13, 2023
On the Flipside
- Robert Kiyosaki’s predictions about Bitcoin’s price are often inaccurate. Mr. Kiyosaki once tweeted that he’s “waiting for Bitcoin to go to $1,000”. Naturally, the tweet confused many of his followers, with some asking if there was a typo. The author makes frequent spelling mistakes in his tweets.
Why You Should Care
Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the world's best-selling books, with over 40 million copies sold. The author’s net worth is valued at $100 million.
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