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Cryptocurrency News Articles
Robert Kiyosaki Predicts Bitcoin Will Crash, Advises Investors to 'Get Richer' by Buying the Dip
Feb 02, 2025 at 05:37 am
Renowned investor and entrepreneur Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has issued a stark warning regarding the future of Bitcoin.
Renowned investor and entrepreneur Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has issued a stark warning regarding the future of Bitcoin. Following a significant drop in Bitcoin’s price, Kiyosaki suggested that the cryptocurrency could experience a further crash. However, he also sees this as an opportunity for savvy investors to “get richer” by purchasing Bitcoin at lower prices.
Kiyosaki’s remarks come after Bitcoin experienced a sharp 4.20% dip, dropping from the $106,000 mark to approximately $101,564 on Friday. While the cryptocurrency has seen some recovery since then, currently trading at around $102,273, Kiyosaki remains cautious about the market’s future.
Bitcoin’s price dropped sharply on Friday after U.S. President Donald Trump announced new tariffs on Canada, Mexico, and China. The tariffs, which are aimed at protecting U.S. businesses, had a broader impact on the stock market, with the Dow Jones Industrial Average dropping by 0.7%, the S&P 500 falling by 0.8%, and the Nasdaq Composite declining by 1.1%.
Kiyosaki, who is known for his bullish stance on Bitcoin, took to Twitter to share his thoughts on the market shift. “Trump tariffs begin: gold, silver, Bitcoin may crash,” he wrote in a tweet.
Indeed, Bitcoin experienced a steeper decline compared to other assets. While gold and silver also saw slight drops, their losses were modest. Gold dropped by 0.05%, moving from $1,948.60 to $1,947.20 per ounce, and silver saw a 0.13% decrease, shifting from $24.07 to $24.04 per ounce.
Despite the downturn, Kiyosaki expressed optimism for the future, seeing market crashes as an opportunity to buy valuable assets at discounted prices. He stated that “crashes mean assets are on sale,” suggesting that now is a prime time for investors to acquire more Bitcoin before prices potentially climb again.
Kiyosaki’s advice is in line with his broader investment philosophy, which emphasizes purchasing assets during periods of market uncertainty. He believes that buying assets at lower prices and holding them for the long term can ultimately lead to greater gains.
While Kiyosaki is bullish on Bitcoin in the long run, he also pointed out that Bitcoin alone cannot solve the United States’ most pressing issue: its growing national debt. As of now, the U.S. national debt has surpassed $36.4 trillion and continues to rise. Kiyosaki expressed concern that the national debt will only worsen and remains a significant economic challenge.
This issue of national debt was a prominent topic during the 2024 U.S. presidential election, where Trump advocated for adopting Bitcoin as a tool to help reduce the national debt. Trump even proposed the idea of establishing a Strategic Bitcoin Reserve and suggested that Bitcoin could potentially be used to pay down part of the U.S. debt.
However, his proposal faced criticism from both Republicans and Democrats, and the idea of using Bitcoin to directly pay down the national debt was ultimately not included in any official legislation or government plans.
Despite his concerns about the national debt, Kiyosaki is optimistic about the potential for Bitcoin and other safe-haven assets to thrive, especially for those who are able to buy during periods of market volatility. He emphasizes that now is a prime time to buy Bitcoin at discounted prices, viewing the current market conditions as a unique opportunity to “get richer.”
As Bitcoin continues to experience fluctuations in price, Kiyosaki’s advice serves as a reminder for investors to approach the market with caution, but also to recognize the potential opportunities that come with market downturns. Whether Bitcoin’s price will continue to fall or experience a sharp rebound remains to be seen, but Kiyosaki’s perspective encourages investors to stay alert and take advantage of the market’s natural volatility.
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