Robert Kiyosaki warns of stock crash, says Bitcoin is a bargain today
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- Robert Kiyosaki warns market participants of an impending crash in stocks, bond and real estate and said Gold, Silver and Bitcoin are bargains.
- Steve Miller, stock market veteran, responded to Kiyosaki’s advice and contradicted his take on Bitcoin.
- Miller believes Gold and Silver could double or triple in value, Bitcoin is more likely to get cut in half.
Robert Kiyosaki is the author of the bestseller book “Rich Dad Poor Dad” and a renowned financial influencer. In his recent tweet, Kiyosaki shared his concerns with his 2.4 million followers, regarding an impending crash in stocks, bonds and real estate.
Kiyosaki has been a Bitcoin proponent for years now, advising that market participants buy BTC “at a bargain."
Kiyosaki recommends traders to buy Gold, Silver and Bitcoin at a bargain
In his recent tweet, Kiyosaki addressed the question posed by market participants. The influencer said Bitcoin is at a bargain now and it is the right time to scoop up Gold, Silver and BTC, ahead of the upcoming crash in the market.
While Kiyosaki urged traders to buy Bitcoin, Steve Miller, a stock market veteran and host of a financial show, criticized the author’s pick. Miller argued that gold and silver have the potential to appreciate in value, however, Bitcoin’s value is more likely “to be cut in half.”
Meanwhile, Miles Deutscher, another crypto analyst made an observation that long-term Bitcoin holder supply has hit its all-time high. This class of market participants have consistently accumulated and the percentage of Bitcoin held by long-term holders is about to break it's all-time high shortly.
Bitcoin long-term holder supply vs price
According to Deutscher, we are currently in a bear market and this is the time when BTC moves from weak to strong hands, meaning, from traders to holders or long-term investors.
At the time of writing, Bitcoin price is $27,075, up 4.74% over the past week.
