Robert Kiyosaki, author of “Rich Dad, Poor Dad“, warned that the rise in the prices of Bitcoin
In a July 21 post on X, Kiyosaki stated that “bubbles are about to start busting” and added that he plans to start buying only after prices drop.
On July 14, Kiyosaki described Bitcoin’s new all-time high as “bad news for who, for whatever reason, never ‘pulled the trigger'” because “they own nothing”.
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He also reminded his followers not to overcommit, but explained he would not buy more Bitcoin until the economic outlook became clearer.
Kiyosaki’s latest warning seems to conflict with comments he made on July 5, when he dismissed those predicting a Bitcoin crash as “clickbait losers” who wanted to scare off less‑experienced investors.
An NFT collector and creator of the Furyou collection shared on X that Bitcoin has been called a bubble and a scam almost every year since it was created, yet continues to survive and grow.
Bitcoin Strategy’s Joe Burnett recently argued that Bitcoin does not show signs of being a bubble. He said most people still do not fully understand the asset, and companies holding it on their balance sheets are treating it as money rather than speculation.
Burnett stated that these firms are “deploying it immediately into Bitcoin, not into an idea, but into money itself”.
Recently, Markus Thielen, Head of Research at 10x, shared his views on how Bitcoin reached a new high of around $121,000. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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