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Cryptocurrency News Articles
Robert Kiyosaki Terms Bitcoin [BTC] Weakening a Discounted “Buying Opportunity”
Feb 02, 2025 at 12:00 pm
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has termed the recent weakening of Bitcoin [BTC] following Trump’s tariffs a discounted “buying
Robert Kiyosaki, the author behind “Rich Dad, Poor Dad,” has termed the recent Bitcoin [BTC] downturn following Trump's tariffs as a discounted “buying opportunity.”
The U.S. president announced tariffs on imported goods from Canada, China, and Mexico, which will be effective from February. Market pundits have been apprehensive about the tariff wars triggering inflation and denting the outlook for Fed rate cuts – a scenario that is bearish for risk assets like Bitcoin.
However, Kiyosaki also feels that the U.S fiscal debt situation is a bigger problem that would always make BTC, gold, and silver more attractive. He noted,
“Trump tariffs begins: Gold, silver, Bitcoin may crash. Good. Will buy more after prices crash. Real problem is DEBT…which will only get worse. Crashes mean assets are on sale. Time to get richer.”
In January, the author stuck to his $175K-$350K price target for BTC by end-2025. Hence, the question – Can the crypto still soar to these levels?
February gains again?
Bitcoin closed January in the green, clocking gains of 9.29% on the charts. Notably, the month of February has historically recorded massive gains, especially for the post-halving year. For instance – Since 2013, BTC has never closed February in the red, boasting an average gain of 15%. If the trend repeats itself this time around, BTC could be bound for higher levels in February.
However, the tariff-induced inflation risk cannot be discounted just yet.
Another bullish indicator for the king coin was the U.S money supply (M2) as USD liquidity is usually linked to BTC rallies. In fact, according to market analyst Joe Burnett, the indicator could surpass 2021 highs and push the crypto even higher.
“M2 is set to break all-time highs for the first time since 2021. Infinite liquidity chasing 21,000,000 bitcoin. You know what happens next.”
Meanwhile, the monthly liquidation heatmap showed key levels (bright yellow) marked at $96k, $107k, and below $110k.
At press time, however, the price action was nearly halfway from its key liquidity levels. And, it might be difficult to pinpoint which direction it could take. Maybe the U.S jobs report (Scheduled for 7 February) could offer more clarity when guessing BTC's next move.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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