The ‘Rich Dad Poor Dad’ author and business tycoon Robert Kiyosaki forecasted the greatest upcoming crash for Bitcoin. He claimed that Fake Inflation will activate.
Also, Kiyosaki posted on Twitter today, stating that the US government purposely pushes fake inflation. Due to this fake inflation, the fear index will crash and hike by witnessing a collapse. Though, he also commented that he sees it as an investment opportunity. The market will turn green again as soon as the “fake inflation collapses.”
Moreover, at the time of writing, the global crypto market cap stood at $2.26T with a 3.30% reduction. Also, Bitcoin is still trading below the $50k bracket. Presently treasured at $48k with a market cap of $900 billion at the time of writing.
At the start of this month, the crypto market was hit with the most dreadful crash and swept away around $500 billion in simply hours of time. Further, the new COVID variant Omicron along with the high funding rates and debt-distressed positions were blamed for the crash.
Also, many claimed that the US regulator’s current stance on strengthening crypto laws, particularly stringent policies for stablecoins, could have acted as a leading part in the crash. Nonetheless, nothing has improved since. It seems that the bear season is upon us, and in the words of Robert Kiyosaki, this time around, it will be the “Fake Inflation” by the US authorities that will trigger sequential crashes.
