At a Glance
- Robert Kiyosaki, author of Rich Dad Poor Dad, remains steadfast in his holdings of Bitcoin and gold despite recent market downturns.
- He attributes the market crash to a global cash shortage and anticipates a significant increase in money printing by governments to manage debt.
- Kiyosaki plans to acquire more Bitcoin once the market stabilizes, highlighting its 21 million supply cap as a key value proposition.
- The Bitcoin Fear and Greed Index has entered Extreme Fear territory, historically a potential indicator for buying opportunities.
- Analytics firm Santiment advises caution, noting that widespread belief in a market bottom often precedes further price declines.
Kiyosaki’s Stance Amidst Market Volatility
Robert Kiyosaki, renowned author of Rich Dad Poor Dad, has communicated to his substantial following on X (formerly Twitter) that he has no intention of selling his Bitcoin or gold holdings, even amidst a significant market decline.
He stated in a recent post that The everything bubbles are bursting and identified a global cash shortage as the fundamental driver behind the current market downturn. The cause of all markets crashing is the world is in need of cash, he elaborated.
Kiyosaki anticipates what he terms The Big Print, aligning with Lawrence Lepard’s hypothesis that governments will likely engage in extensive money creation to address accumulating debt burdens.
💡 The Big Print is about to begin… which will make gold, silver, Bitcoin, and Ethereum more valuable… as fake money crashes, he stated. For individuals in urgent need of cash, Kiyosaki suggested considering the sale of certain assets, positing that much of the panic observed in markets stems more from liquidity requirements than from a lack of conviction in asset value.
Future Investment Plans and Community Building
In a subsequent post, Kiyosaki reiterated his long-term outlook on Bitcoin. I will buy more Bitcoin when crash is over, he confirmed, drawing attention to Bitcoin’s (BTC) fixed supply cap of 21 million coins.
He also encouraged his followers to establish Cashflow Clubs, a concept centered around his board game, emphasizing the benefits of collaborative learning to mitigate investment mistakes.
Meanwhile, crypto influencer Mister Crypto pointed out that the Bitcoin Fear and Greed Index has fallen to 16, signaling Extreme Fear. This level is often historically viewed as a potential buying zone for assets.
Analyst Perspectives on Market Bottoms
Santiment, a crypto analytics firm, is advising traders to exercise caution. The firm highlighted that as social media becomes awash with declarations that Bitcoin has already hit its bottom, this sentiment often precedes further price depreciation.
Santiment observed that Bitcoin’s brief dip below $95,000 on Friday triggered a wave of posts suggesting the worst had passed. However, the firm’s historical analysis indicates that market bottoms typically form when the majority of traders anticipate further price drops, rather than when a rebound is widely expected.
Expert Summary
Robert Kiyosaki remains committed to his Bitcoin and gold investments despite current market volatility, attributing the downturn to a global cash crunch. He anticipates increased money printing and plans to buy more Bitcoin post-crash, citing its scarcity. While some indicators point to potential buying opportunities, expert analysis suggests caution, as widespread optimism about a market bottom can sometimes precede continued declines.
