Robert Kiyosaki Predicts Bitcoin Sell-Off Amid Looming Stock Market Crash
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a stark warning about an impending stock market crash, which he predicts will be the largest in history. He believes this downturn will push expensive assets like houses, gold, silver, and Bitcoin into steep corrections, creating opportunities for savvy buyers.
Kiyosaki’s warning coincides with sharp declines in cryptocurrency prices, attributed to slumping US stocks like Nvidia and Tesla. Sharing his thoughts on social media, Kiyosaki blamed the crash on decisions made during the 2008 financial crisis, accusing leaders of prioritizing banks over ordinary citizens.
“Many expensive assets will soon go on sale,” he noted, adding that he plans to buy more “real assets with fake US dollars.” Despite Bitcoin's recent 7% drop—from $101,700 to $95,370—Kiyosaki remains optimistic, seeing this correction as an opportunity. “Bitcoin crashing means Bitcoin is on sale. Remember: Buy low…and HODL,” he said, emphasizing the limited supply of BTC remaining to be mined.
Experts Draw Links Between Crypto and Stock Declines
Market analysts highlight Bitcoin’s sharp correction as tied to declining US stocks. Greeks.live noted that cryptocurrencies mirrored the slide in equities like Tesla, adding that Bitcoin’s drop below $100,000 triggered significant liquidations totaling $693.52 million in 24 hours.
Still, analysts remain optimistic about Bitcoin’s long-term prospects, urging investors to capitalize on discounted prices. Bloomberg’s Eric Balchunas, however, remains skeptical about Bitcoin’s resilience during stock downturns, describing this as its “kryptonite.”
With economic uncertainty mounting, experts debate whether Bitcoin can evolve from a risk asset into a safe haven. While doubts linger, the current dip presents a critical moment for both cautious and opportunistic investors alike.
