Kiyosaki describes Bitcoin's drop below $96K as a chance to buy low and HODL.
He predicts a major stock market crash and declines in key sectors by 2025.
Kiyosaki plans to invest in Bitcoin, gold, and silver, leveraging "fake US dollars" during economic uncertainty.
The author of Rich Dad Poor Dad, Robert Kiyosaki, has addressed the recent BTC price collapse. Bitcoin fell sharply overnight, dropping more than 6%, from nearly $102,000 to a low of $95,500. The digital asset has since recovered barely to the $96,000 mark. Kiyosaki described this downturn as great news, calling reaffirming his long-term bullish stance.
Kiyosaki’s View on Bitcoin's Price Drop
As a result of his optimistic tone, Kiyosaki’s response to the sharp Bitcoin drop has received attention. He interpreted the decline as a chance to accumulate, like buy low and HODL.
This is another reminder from the financial expert to the cryptocurrency community that only about 2 million Bitcoins are left to be mined. And he also pointed out that institutional entities, namely spot Bitcoin ETFs and companies like MicroStrategy, continue to accumulate Bitcoin.
In previous statements, Kiyosaki has expressed confidence in Bitcoin’s future, predicting a price surge to $350,000 by 2025. Even in December, he emphasized the potential for substantial price appreciation, citing Bitcoin as a store of value amid economic uncertainty.
Kiyosaki’s Broader Economic Predictions
Speaking separately, Kiyosaki referred to a bigger economic collapse that he called the 'biggest stock market crash in history.
He blamed the money printing which began in 2008, that time the Federal Reserve began pumping out vast amounts of money. These actions, he criticised, were to the detriment of average citizens, while benefiting financial institutions.
He also looked ahead to a decline in the car market, housing market, retail sales and to some extent even wine sales by 2025. Kiyosaki reaffirmed his intention of acquiring 'real' assets such as Bitcoin, gold and silver while using what he described as 'fake US dollars' to do so during these challenges.
