According to CryptoPotato, Robert Kiyosaki, a well-known advocate of Bitcoin, gold, and silver, has expressed his intention to buy more Bitcoin if its value ever drops to $200. This statement was made in response to a prediction by American financial writer Harry Dent. Kiyosaki, the author of several financial books including 'Rich Dad Poor Dad', stated that he hopes Dent's prediction comes true as it would create new multi-millionaires and possibly a few billionaires.
Harry Dent, known for his financial and economic recession predictions, has had a mixed record with his forecasts. Despite many unsuccessful predictions, he accurately foresaw the 2000 dotcom crash and Japan's 1989 bubble burst and recession. In October 2023, Dent told Think Advisor that the United States economy would experience 'the crash of a lifetime' in 2024, with the stock market falling 86% on the S&P index. He also predicted that this crash would affect every sector, including real estate, and that the central bank's attempts to mitigate this disaster would only exacerbate the next one.
Kiyosaki believes that if Dent's 'everything crash' prediction comes true, the Baby Boomer generation could be the biggest losers as their homes would lose value. However, Kiyosaki plans to acquire more real estate, gold, silver, and Bitcoin to increase his wealth. He stated, 'If Harry is correct I will simply buy more real estate, gold, and silver. If Bitcoin drops to $200 per coin I will buy as many coins as I can. If Harry is right; those who are prepared will soon be multi-millionaires and possibly a few new billionaires. I hope Harry Dent is right. Even if he isn’t, those who are holding gold, silver, and Bitcoin will be richer.'
Kiyosaki continues to prefer Bitcoin over other assets, including gold and silver. He refers to the dollar as 'fake money', gold and silver as 'God’s money', and Bitcoin as 'the people’s money'. He encourages people to continue buying gold and silver but maintains that Bitcoin, with its capped supply of 21 million, is superior due to its limited supply.