Bitcoin Market Faces Uncertainty Amid Contrarian Predictions

According to Cointelegraph, Robert Kiyosaki, known for his book "Rich Dad Poor Dad," expressed a bearish outlook on Bitcoin, gold, and silver, suggesting that these markets might soon experience a downturn. Kiyosaki stated that "bubbles are about to start busting," and when they do, he plans to invest in these assets. His comments come after Bitcoin reached an all-time high above $120,000 last week, which he described as "bad news" for those who have not invested yet, warning against overinvestment with the phrase, "Pigs get fat, hogs get slaughtered." Despite his recent caution, Kiyosaki previously criticized those predicting a Bitcoin crash, labeling them as "clickbait losers" aiming to scare speculators. The market newsletter "Brew Markets" highlighted Kiyosaki's history of predicting stock and crypto market crashes, noting inaccuracies in his forecasts. There is speculation that Bitcoin treasuries might display bubble-like characteristics, potentially leading to a "death spiral" if Bitcoin prices fall sharply. However, Joe Burnett, director of Bitcoin Strategy, argued that Bitcoin treasuries are not a bubble, as the asset remains misunderstood by many, including companies investing in it. He emphasized that these companies are investing directly in Bitcoin, viewing it as money rather than a speculative idea. Henrik Andersson, chief investment officer at Apollo Capital, advised investors to conduct their own research instead of relying on influencers. Meanwhile, NFT collector "Cape" pointed out on social media that Bitcoin has been labeled a bubble and scam annually since its inception, listing various criticisms from 2009 to 2017. Despite these recurring claims, Bitcoin has consistently followed a cyclical pattern, with market cycles lasting approximately four years. Analysts predict that Bitcoin could reach between $130,000 and $200,000 by the end of 2025, marking a potential bull market peak. The CoinGlass bull market signal dashboard indicates that the peak is not imminent, with none of its 30 indicators suggesting a top is near.