Famous writer and businessman Robert Kiyosaki predicted Bitcoin and precious metals crash due to Donald Trump's tariffs.
On January 31, US President Trump announced the introduction of 25% tariffs on goods from Canada and Mexico. The increased tariffs came into effect on February 1, and, according to experts, they will have a powerful impact on the American economy, increasing the level of inflation. However, Kiyosaki believes that the consequences of Donald's order will not be limited to an increase in the cost of goods.
Trump's tariffs have kicked in: gold, silver, and bitcoin prices could crash. Good. I'll buy them when they crash. The real problem is the debt [apparently the US government debt]... And it's only going to get worse. Crash means sell-off. Time to get rich, Robert wrote.
Kiyosaki's grim prophecy has already started to come true, as Bitcoin has fallen again and dropped below $2 on February 100,000. However, due to the low trading volume, the bears are unlikely to break the lower boundary of the contracting triangle. As a result, the BTC price will not fall below $98,800 and will most likely correct to $104,000.
Probable change in Bitcoin exchange rate
Many commentators disagreed with Robert's prediction of the upcoming dump. Those who hold the opposite view believe that Bitcoin and gold will not become cheaper due to the introduction of duties, since ordinary and institutional investors will buy these assets to save their savings from inflation.
This hypothesis is supported by historical data that the demand for BTC rises as inflation rises, but financial uncertainty in the US is causing the value of Bitcoin to decline. Accordingly, if high tariffs lead to serious economic disruption, then kriptovalyuta will really fall in price.
