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In June 2021, Robert Kiyosaki, famously known for authoring Rich Dad Poor Dad, predicted a big crypto crash, whose effects would affect numerous projects and push the price of Bitcoin down massively.
In a tweet on his official account, he said, “Biggest Bubble in World history is getting bigger. Biggest crash in world history coming.… Waiting for bitcoin to drop to $24K.”
The news came as a shock to most people who follow Kiyosaki as just a few months earlier, he had been pretty confident about crypto, even predicting the price of Bitcoin rising to $1.2 million in five years.
So, why the shift in opinion?
Most importantly, is a massive crypto crash in the offing?
Here’s Why We Could be (or Already) in a Crypto Bubble Collapse
The crypto industry has had a fairytale-like rise, from being virtually non-existent a little over a decade ago to having a market cap of over $1.5 trillion today.
This meteoric rise has increased the number of enthusiasts as well as skeptics.
And for the past year or so, skeptics have been predicting the crypto bubble will burst.
Now, while Bitcoin and other crypto outperformed expectations in 2021, with Bitcoin even reaching an all-time high of $68,000 in November, the industry has not…