Rich Dad Poor Dad author Robert Kiyosaki has urged all investors to buy gold, silver and bitcoin before the stock, bond and real estate markets crash and people rush to buy all three assets.
Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times Bestseller List for over six years. More than 32 million copies of the book have been sold.
Robert Kiyosaki shared on social media platform X he is constantly asked about what the price of gold, silver or bitcoin will be in 2025.
“My answer is that it’s a silly question. The more important question is how much gold, silver, bitcoin do you have today,” said Kiyosaki, quoted from Bitcoin.com, Tuesday (26/9/2023).
Analyst Says Crypto Market Correction Continues Until End of September 2023
The crypto and bitcoin (BTC) markets continued to weaken and even reached a level below USD 26,000 or the equivalent of IDR 400.1 million (assuming an exchange rate of IDR 15,389 per US dollar). The Fed’s influence on Bitcoin prices appears to be back in play following their latest policy update.
Tokocrypto trader, Fyqieh Fachrur explained that towards the end of September, there is the potential for the crypto market to continue to weaken or experience a correction. September is often considered an unfavorable month for the crypto market because historically prices tend to fall.
“This year, the situation does not appear to be different, with Bitcoin continuing to decline, extending the correction phase that has been going on for the last few weeks,” said Fyqieh in a press release, Tuesday (26/9/2023).
Correction Predicted to Continue
At the end of this month, it is very likely that the correction will continue due to the closing of Bitcoin options or derivative contracts which always occurs towards the end of the month.
These contracts are scheduled to expire on September 29, 2023, as is usual, so it can be anticipated that there will be a large cashout before the expiration date.
This condition can generally create negative sentiment for Bitcoin because all transaction fees must be paid in BTC. Therefore, contract owners are forced to sell their BTC to pay the fees, and those BTC will then be cashed out or sold by the contract issuer.
“This transaction could lead to consecutive sales which could potentially trigger more price corrections in the coming days,” said Fyqieh.
