Robert Kiyosaki doubles Bitcoin support and warns that gold could fall to $ 1000

Robert Kiyosaki doubles Bitcoin support and warns that gold could fall to $ 1000

By quoting the inventor of Portfolio Shield, Steven van Meter, Robert Kiyosaki warned that the gold price could head for a massive correction that could halve the value.

At the same time, he confirmed his attitude "cash is garbage" and his belief in the yellow metal and Bitcoin.

gold will fall hard?

The precious metal has long been praised as a safe investment instrument of choice due to its history and positive development in times of economic uncertainty. In fact, the last few years have been unsure about the outbreak of a global pandemic, a war in Ukraine and a galloping inflation worldwide.

The precious metal shot up in the early days of Covid 19 pandemic and exceeded $ 2,000 to reach a new all-time high. However, his performance has been a bit shaky since then. A few months later he fell below $ 1,700, tried again at $ 2,000 in 2022 before another correction dropped him to $ 1,600 last November.

Nonetheless, the gold bugs drove a new price increase, which helped the asset near his ATH. He could not break it and is currently less than $ 2,000/oz. According to the latest analysis by Van Metre to the SPDR gold shares, their price is ready to further correct because the RSI has recently dropped while the MacD shows a "negative cross".

By sketching the triple top, which had fewer and fewer volume with every successive attempt, van meter came to the conclusion that gold could fall by up to $ 1,000, which would essentially halve its USD value.

kiyosaki about gold and btc

The author of Rich Dad, Poor Dad has been a long -time advocate of the yellow metal for some time as well as silver and bitcoin. However, he even warned that Van Metre's doomsome could be true for gold, since investors and markets "are sorry to wait" that the precious metals rise higher.

should actually crash gold by up to 50 % of its current position, said Kiyosaki that he would buy more because he was an investor and not a dealer. At the same time, he confirmed his belief in BTC, for which he recently explained why he loved it while he also refused to keep cash because it was "garbage".

gold to crash. Steve van meters, whom I respect, predicts that gold will crash to $ 1,000. He explains that the markets are fed up with waiting for gold to rise higher. If gold falls to $ 1000, I will buy more. I am an investor, not a trader. For me, gold, silver and Bitcoin are real money. Cash is garbage for me.

- Robert Kiyosaki (@therealkiyosaki) 23. April 2023

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