#NEWTBinanceHODLer Robert Kiyosaki: Bitcoin and gold will suffer a severe collapse.
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According to the popular analyst and investor, Robert Kiyosaki, the price of Bitcoin will suffer a severe collapse. However, he emphasizes that this drop will be short-lived and will be followed by a significant increase. He adds that something similar will happen with the price of gold, another key asset in this experienced investor's strategy.
In a post on X, Kiyosaki claims that the escalation of the conflict between Iran and Israel will be the trigger for the "global monetary collapse." In that context, some considerations must be taken regarding the most relevant assets. He highlights that both gold and BTC will experience a strong shake due to the conflict.
Meanwhile, the price of silver presents itself as the most convenient asset to face the current context. However, this does not mean he has a pessimistic view of gold and the leading cryptocurrency. In fact, he believes that both will recover after the initial blow. In that sense, he recommends that people take advantage of the collapse to improve their positions.
He emphasizes that the ongoing conflict confirms his theory that financial markets are a mega bubble ready to burst. Thus, the global economy could suffer a collapse of large proportions in which only those who have invested in gold or Bitcoin will benefit, according to Robert Kiyosaki.