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

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The recent volatility of Bitcoin has triggered a cautious sentiment among investors, with prices dropping nearly 8% in the past day, breaking below the important support level of $95,000. Nevertheless, renowned entrepreneur and investor Robert Kiyosaki remains optimistic about this market downturn, viewing it as an opportunity for savvy investors, and emphasizes that the current 'crash' provides a chance to purchase Bitcoin at lower prices.

Kiyosaki's Optimistic View:

"Opportunities in Crisis": Kiyosaki sees the decline in Bitcoin prices as a 'discount', indicating that this sluggish market environment actually provides a good buying opportunity for investors. He reiterated his investment strategy: buy low and hold, especially considering that Bitcoin's supply is limited. Currently, there are less than 2 million Bitcoins left to mine, and this scarcity supports its long-term value.

Long-Term Optimistic Expectations: Despite the current market turbulence, Kiyosaki remains optimistic about Bitcoin's prospects. He predicts that by 2025, Bitcoin's price could soar to between $175,000 and $350,000. This prediction aligns with the views of other analysts, such as Bernstein analysts who also expect Bitcoin's price to reach $200,000 by the end of 2025.

Bitcoin's Inflation Hedge Role: Kiyosaki consistently views Bitcoin as an effective inflation hedge tool. In his view, Bitcoin's scarcity and immutability make it an ideal asset to combat issues within the traditional financial system.

Market Correction and Its Underlying Factors:

Strong Labor Market: According to analysis by QCP Capital, the correction in Bitcoin's price is related to unexpectedly strong data from the U.S. labor market. JOLTS (Job Openings and Labor Turnover Survey) shows that the number of job openings in the U.S. reached 8.1 million, higher than the expected 7.74 million, indicating strong resilience in the U.S. economy, which further fueled the market's risk-off sentiment. The heightened risk-off sentiment has led to a sell-off of risk assets, including Bitcoin.

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