Worst crash for BTC, Robert Kiyosaki cites ‘fake inflation’ as cause

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Robert Kiyosaki, the author of the revolutionary book “Rich Dad, Poor Dad,” and a business tycoon today on Twitter, predicted the worst forthcoming crash for Bitcoin, gold, silver, and real estate, identifying “Fake Inflation” as the cause.

Today, Kiyosaki took to Twitter to claim that the US government is deliberately pushing fictitious inflation, which will cause the fear index to rise and the crash to occur. He considers it as an investment opportunity, though, because the market will turn green again once the “fake inflation crashes.”

The global crypto market capitalization is standing at $2.25 trillion, down by 2% in the last 24 hours. Bitcoin is still down to the $49,000 zone with a market cap of $913 billion, which is resulting in speculation of the extension in the crypto bull run to 2022. The king coin has been down by around 14% in the last seven days.

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Before this, Pantera Capital CEO Dan Morehead warned investors in October that the Bitcoin ETF could lead to a crypto price crash.

Crash Season has started

The crypto market was rocked by the most dramatic meltdown of the year at the start of this month, wiping out almost $500 billion in a matter of hours. The crash was blamed on the new COVID variation Omnicorn, as well as over-leveraged positions and exorbitant funding rates on exchanges. 

Many people believe that the US regulator’s recent stance, particularly tighter policies for stablecoins (which Japan is now also opting), contributed to the drop. The Indian crypto ban FUD after leaked snapshots of the Indian crypto bill also hugely contributed to the fear leading to the latest downtrend. The bear season appears to be upon us, and according to Robert Kiyosaki, this time, it will be the US government’s “Fake Inflation” that will set off a series of crashes.

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