Famous Author of Rich Dad Poor Dad Robert Kiyosaki Has Reaffirmed His Support for Bitcoin

Famous author of Rich Dad Poor Dad Robert Kiyosaki has reaffirmed his support for Bitcoin following the recent price decline.

Famous author of Rich Dad Poor Dad Robert Kiyosaki has once again shared his support for Bitcoin following the recent price decline.

In a recent post on X, Kiyosaki remarked that Bitcoin is "on sale" and revealed he is buying more.

Kiyosaki made the comment as the price of Bitcoin crashed to $82K today, a low point last seen in November 2024. However, Kiyosaki maintained the drop is due to broader financial instability, not Bitcoin itself.

"The problem is not Bitcoin. The problem is our monetary system and our criminal bankers," Kiyosaki stated.

According to Kiyosaki, America’s debt, which he claims is over $230 trillion when including social programs, puts the country at risk. If foreign countries such as Japan and China stop buying U.S. bonds, he believes inflation will escalate, ultimately leading to a dollar collapse.

Community Divided on Kiyosaki’s Post

Kiyosaki’s comments sparked discussion among investors and traders who reacted to his post. Some agreed with Kiyosaki’s concerns about fiat currency and praised the long-term potential of Bitcoin.

"Bitcoin is very volatile, yes. But many investors see it as a lifeline in an imploding financial system," said one user, Solix Trading.

Another user, Brett Wilmot, added that those who take the time to research the fundamentals of Bitcoin will see its true significance, making short-term price swings less concerning.

However, others disagreed with Kiyosaki’s assessment.

One user, Matthew Ferris, argued that Bitcoin is not the right asset to hold in times of economic uncertainty. He suggested that gold, silver, and other hard assets are more reliable.

"Benetti is on point. People who think BTC is a hedge for inflation or bad times have no idea what they’re talking about. It’s the riskiest asset in a bear market."

Another user, Chad Boston, took a different stance, suggesting that XRP might be a better alternative.

Bitcoin’s Fundamentals Remain Strong Despite Price Drop

Despite Bitcoin’s drop, some analysts believe its fundamentals remain strong.

"Bitcoin is dropping, entering bear market territory. Yet the fundamentals remain the same, if not stronger than ever," commented Lance.

Notably, Bitcoin price plummeted to a new 120-day low of $82,250 yesterday as U.S. tech stocks sell-off further spread bearish sentiment.

Market data also shows that a prolonged selling spree among Bitcoin ETFs could escalate the BTC price downtrend.

AI Stock Surge Pulls Capital from Bitcoin

The move toward AI stocks contributed to Bitcoin’s decline, indicating a shifting preference from crypto to equities because of inflation concerns and geopolitical risks.

For instance, NVIDIA’s (NVDA.O) strong fourth-quarter earnings saw its stock jump 4% and add $125 billion in market value, quickly diverting investor capital.

Moreover, U.S. Bitcoin ETFs posted their largest outflow on Tuesday, with over $1.1 billion exiting the products. Over the last six days, the outflow figures reached $2.1 billion, signifying a significant decline in market support.

Analysts believe Bitcoin could face more profound losses below $80,000 if this trend persists.