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bitcoin
Bitcoin (BITCOIN)
$118,053 -0.30%
ethereum
Ethereum (ETHEREUM)
$3,783 -0.01%
binancecoin
BNB (BINANCECOIN)
$765.92 1.88%
solana
Solana (SOLANA)
$195.63 7.99%
ripple
XRP (RIPPLE)
$3.61 2.99%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 1.85%
pepe
Pepe (PEPE)
$0.000014 -0.87%
bonk
Bonk (BONK)
$0.000035 2.86%
bitcoin
Bitcoin (BITCOIN)
$118,053 -0.30%
ethereum
Ethereum (ETHEREUM)
$3,783 -0.01%
binancecoin
BNB (BINANCECOIN)
$765.92 1.88%
solana
Solana (SOLANA)
$195.63 7.99%
ripple
XRP (RIPPLE)
$3.61 2.99%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 1.85%
pepe
Pepe (PEPE)
$0.000014 -0.87%
bonk
Bonk (BONK)
$0.000035 2.86%
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Rich Dad Poor Dad Author Warns Bitcoin Crash Could Be Coming

Highlights:

  • Kiyosaki warns that Bitcoin, gold, and silver may face major price corrections.
  • He delays Bitcoin purchase, citing market uncertainty and fear of losses.
  • Bitcoin reserves on exchanges have increased, which hints at possible selling pressure.

On Monday, Robert Kiyosaki, the author of Rich Dad Poor Dad, stated that the major asset bubbles, including Bitcoin, gold, and silver, could soon collapse. He suggested that a potential downturn across these markets might present a future buying opportunity. Kiyosaki’s warning followed shortly after Bitcoin hit a new all-time high of $123,236 last week.

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Kiyosaki Delays BTC Buy Over Market Uncertainty

Last week, Kiyosaki mentioned that he would hold off on purchasing more Bitcoin until he gains a clearer picture of the broader economic outlook. He had previously predicted that Bitcoin could eventually soar to $250,000. However, he showed some hesitation, admitting he didn’t want to “get slaughtered” by jumping in too quickly.

Although Bitcoin is trading close to its all-time high, its share of the overall crypto market has seen a sharp 6% decline over the past two weeks. As of now, BTC holds around 61% of total market dominance. Meanwhile, Ethereum (ETH), XRP, and several other altcoins have posted strong double-digit gains in the last week. At the time of writing, Bitcoin is priced at $119,461, showing a 1.04% gain in the past 24 hours. While the coin is down 2.4% over the week, it still holds a 16% gain over the last month.

The market newsletter “Brew Markets” pointed out that Kiyosaki has frequently predicted crashes in both the stock and crypto markets. However, many of those predictions have not come true. At the same time, there are growing concerns that Bitcoin treasuries may be developing bubble-like traits. Some believe a steep drop in Bitcoin’s price could lead certain companies into a potential “death spiral.” He said Bitcoin treasury companies aren’t experimenting with their capital. They’re putting it straight into Bitcoin, which he called real money, not just an idea.

Just last week, 21 companies collectively added $810 million worth of Bitcoin to their treasuries. In addition, spot Bitcoin ETFs have continued to see steady inflows during this time.

Bitcoin Selling Pressure Rises as Whales Move In

According to a July 20 analysis by CryptoQuant contributor ShayanMarkets, Bitcoin reserves on centralized exchanges have reached their highest level since June 25. This rise indicates that many investors are now taking profits, which increases the amount of BTC available for potential selling.

Such increases in reserves have often come before market dips or periods of price consolidation, especially when buying momentum slows down. Supporting this cautious outlook, another CryptoQuant contributor, Darkfost, highlighted a sharp rise in BTC whale inflows to exchanges.

Monthly-averaged BTC whale inflows jumped by nearly $17 billion, from $28 billion to $45 billion, between July 14 and 18. Similar patterns were seen near past local tops, where inflows crossed $75 billion before bigger market corrections followed. Despite a drop in daily inflow volumes, the upward pressure from whales taking profits remains a concern. However, overall market sentiment continues to show strong optimism.

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