Bitcoin Drops Below $95,000, Kiyosaki Urges Investors to 'Buy Low and Hold'

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The volatility of Bitcoin has triggered a cautious sentiment among investors, especially after the price fell below $95,000. Despite the downward trend in the market, renowned investor Robert Kiyosaki remains optimistic about this fluctuation, believing it represents 'an opportunity for savvy investors'. Here are his views and those of other analysts:

Kiyosaki's Perspective:

'Opportunities in Crisis': Despite the drop in Bitcoin's price, Kiyosaki sees this downturn as good news. He stated on X (formerly Twitter) that the price slump of Bitcoin means it can be purchased at a 'discounted' price, emphasizing that the current market environment provides a great opportunity for investors to buy low and hold.

Scarcity of Bitcoin: Kiyosaki specifically pointed out that the supply of Bitcoin is limited, with less than 2 million Bitcoins left to be mined. This scarcity is the core value of Bitcoin, and Kiyosaki believes it makes Bitcoin an ideal choice for long-term investment.

Long-term Bullish Outlook: Kiyosaki is very optimistic about the future of Bitcoin, predicting that by 2025, the price of Bitcoin could soar to between $175,000 and $350,000. This view aligns with forecasts from other financial experts, such as Bernstein analysts, who set a price target of $200,000 for Bitcoin by the end of 2025.

Bitcoin as an Inflation Hedge: Kiyosaki consistently views Bitcoin as an effective inflation hedge, believing its limited supply and decentralized characteristics enable it to withstand inflationary pressures in the traditional financial system.

Context of Market Correction:

Strong Labor Market Data: According to analysis from QCP Capital, the recent drop in Bitcoin prices is closely related to the strong performance of U.S. labor market data. According to JOLTS (Job Openings and Labor Turnover Survey), the number of job openings in the U.S. is 8.1 million, exceeding the expected 7.74 million. This strong data has triggered risk-averse sentiment in the market, leading to a sell-off of risk assets like Bitcoin.

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