Robert Kiyosaki held a contrary view to most cryptocurrency analysts on Monday, with a pessimistic prediction that the "bubble" of Bitcoin could burst soon, along with gold and silver.
"The Bubble is About to Burst," the author of 'Rich Dad Poor Dad' said on Monday, adding that when these bubbles burst, "There is a High Probability that Gold, Silver, and Bitcoin Will Burst as Well," and that is when he will start buying.
These comments came after his earlier statements celebrating Bitcoin's all-time high price of over $120,000 last week, when he said the new peak price is "bad news for those who... for some reason... have never 'pulled the trigger' because 'They Don't Own Anything.'"
At that time, he also warned against falling into the trap of over-investing.
"Fat pigs get slaughtered. I will buy another [Bitcoin]... and get fatter," he said, later asserting that he would not buy more "until I know where the economy is going."
However, his most recent comments seem to contradict his remarks about X earlier in July when he criticized the "losers for clickbait" who continuously warned about Bitcoin's collapse because "they want to scare the speculators."
Contradictory Comments About Bitcoin
Meanwhile, the market newsletter 'Brew Markets' points out that Kiyosaki has repeatedly posted about the collapse of the stock and cryptocurrency markets and has been wrong many times.
There is also some speculation that Bitcoin's treasury may exhibit bubble characteristics, with many companies facing a potential "death spiral" if BTC prices drop sharply.
However, the director of Bitcoin Strategy, Joe Burnett, stated that they are not bubbles because most people still do not understand the underlying asset, let alone the companies buying it.
Bitcoin fund managers do not use their capital to experiment; "they deploy capital immediately into Bitcoin, not into an idea, but into the currency itself," he said.
Do Your Own Research
Apollo Capital's investment director, Henrik Andersson, told Cointelegraph that investors would be better off "doing their own research instead of listening to 'influencers.'"
Meanwhile, NFT collector and founder of the Furyou collection, "Cape," pointed out on X that Bitcoin has been labeled a bubble and a scam year after year since its inception.
Market Cycle Repeats
Bitcoin is a cyclical asset with market cycles lasting about four years. It has traded in this pattern since its inception, and 2025 will mark the peak year of the bull market if history repeats and this cycle continues.
Analysts predict that BTC could peak at between $130K and $200 before the end of this year. Additionally, CoinGlass's bullish market signal panel still indicates that the peak is far from being reached, as none of the 30 indicators show that the peak is near.
