Robert Kiyosaki predicts Bitcoin will collapse, but on-chain data shows that most investors are still profitable.
The cryptocurrency market continues to maintain an optimistic sentiment with the possibility of a healthy correction instead of a complete reversal, despite negative warnings from financial experts.
MAIN CONTENT
Robert Kiyosaki warns that the Bitcoin bubble is about to burst, viewing this as a long-term buying opportunity.
On-chain data shows that over 94% of Bitcoin whales are still profitable, reducing sell-off pressure.
The market may undergo a short-term correction, Altcoins face the risk of deeper declines, but the upward trend still has a chance to continue.
Is Robert Kiyosaki's prediction that Bitcoin will collapse accurate?
Kiyosaki – the author of 'Rich Dad Poor Dad', warns of the collapse of Bitcoin and assets like gold and silver, but he sees it as a good sign for long-term buying. This viewpoint has attracted widespread attention in the cryptocurrency community.
Specifically, he once emphasized: “The bubble will burst. When the bubble bursts, gold, silver, and Bitcoin will also drop sharply. This is good news because I will take the opportunity to buy.” (Source: Robert Kiyosaki, 2024)
BUBBLES are about to start BUSTING. When bubbles bust odds are gold, silver, and Bitcoin will bust too. Good news. If prices of gold, silver, and Bitcoin crash… I will be buying. Take care.
Robert Kiyosaki, author, July 2024
In response to this comment, Brew Markets warned: “Don’t take investment advice from Robert Kiyosaki.” This indicates a clear divide in opinions among experts about the likelihood of a market collapse.
Don’t take investment advice from Robert Kiyosaki.
Brew Markets, market expert, 2024
Are we witnessing the beginning signs of altseason?
Based on the current analysis, the market may see two scenarios: Bitcoin may slightly decrease to retest the core support area, or Altcoins may undergo a deeper correction due to having previously increased too rapidly.
Both cases are temporary movements, aimed at eliminating weak investors and maintaining the outlook for recovery thereafter.
Kiyosaki once called the current price drop the “great collapse of the global bubble” in March 2024, prompting many investors to question whether this is an investment opportunity in Bitcoin.
What does on-chain data reflect about the Bitcoin market?
According to a report from TinTucBitcoin based on data from IntoTheBlock, as of July 2024, up to 94.25% of Bitcoin investors are profitable, while only 0.51% are at a loss. This is a strong sign that the market still maintains a positive sentiment and the likelihood of a major sell-off is low.
Source: IntoTheBlock
The vast majority of investors holding Bitcoin with a clear price increase will be less inclined to sell in the short term. This helps consolidate prices and creates a favorable premise for a price recovery or subsequent upward trend.
Frequently Asked Questions
What has Robert Kiyosaki said about Bitcoin recently?
He warns that the Bitcoin bubble is about to burst but sees this as a good time to buy for the long term, advising investors to prepare for opportunities.
What does on-chain data show about Bitcoin whales' profits?
Currently, more than 94% of Bitcoin investors are profitable, demonstrating that market sentiment remains positive, reducing the risk of a massive sell-off.
Is altseason likely to appear in the short term?
There may be a correction focused on Altcoins, but the recovery trend of Bitcoin still gives positive signals for altseason.
Why is there a divergence in Bitcoin forecasts?
Different experiences and personal perspectives lead to differing forecasts; investors should rely on real data for assessment.
Can Bitcoin recover quickly in the near future?
On-chain data and investment sentiment are positive indicators for Bitcoin's recovery potential in the short term.
Source: https://tintucbitcoin.com/bitcoin-giam-gia-robert-kiyosaki-ly-giai/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
