TLDR
- Robert Kiyosaki warns of a widespread market crash affecting stocks, bonds, real estate, and cryptocurrencies in February 2024, calling it “brutal” but viewing it as an opportunity for wealth building
- Bitcoin dropped 4% to $95,000 with over $2 billion in crypto market liquidations occurring during the crash
- Kiyosaki maintains his bullish stance on Bitcoin despite market volatility, considering it a hedge against economic instability
- The Rich Dad Poor Dad author had previously predicted February 2025 would see “the biggest market crash in history”
- Rather than panic selling, Kiyosaki advises investors to view the dip as a buying opportunity and stay composed
A widespread market downturn has pushed Bitcoin’s price down to $95,000, marking a 4% decline amid broader market instability. The cryptocurrency market experienced over $2 billion in liquidations during the crash, affecting Bitcoin, Ethereum, and other digital assets.
Robert Kiyosaki, author of Rich Dad Poor Dad, addressed the market situation through a post on X (formerly Twitter), describing the current state as a “brutal” market collapse. The downturn has touched multiple asset classes, including stocks, bonds, real estate, and commodities like gold and silver.
Trading volume for Bitcoin surged 173% to $99 billion during the market movement, indicating high levels of market activity and potential panic selling among investors. The increased volume suggests many traders are actively responding to the price changes.
BRUTAL CRASH HERE NOW. The stock, bond, real estate, gold, silver, and Bitcoin markets are crashing.
The best assets in the world are going on sale.
Millions will lose their jobs.
This is the best time to get rich.
Don’t be a loser. Stay cool. Take care.
— Robert Kiyosaki (@theRealKiyosaki) February 3, 2025
Kiyosaki’s message to investors remained steady despite the market turbulence. “Millions will lose their jobs. This is the best time to get rich,” he wrote, encouraging investors to maintain composure rather than give in to fear-based decisions.
The author’s recent warning follows his earlier prediction that February 2025 would bring “the biggest market crash in history.” The current market conditions have drawn attention to this forecast, though the timeline differs from his original prediction.
Bitcoin’s price movement comes during a period of increased market uncertainty. The cryptocurrency, which has often been promoted as a hedge against traditional market instability, showed it remains subject to broader market forces.
In his market analysis, Kiyosaki continues to express confidence in Bitcoin as a long-term investment. He views the cryptocurrency as valuable because it operates independently of central bank control, a feature he considers important during economic uncertainty.
The $2 billion in crypto market liquidations represents forced selling of leveraged positions, affecting traders who had borrowed to increase their market exposure. These liquidations can accelerate price movements in either direction.
Trading data shows the sell-off impacted various cryptocurrencies beyond Bitcoin. Ethereum, the second-largest cryptocurrency by market value, also experienced price pressure during the market movement.
Kiyosaki’s approach to the market downturn focuses on strategic opportunity rather than retreat. He advises investors to view market crashes as potential moments for wealth building, provided they make careful, informed decisions.
The author’s perspective on Bitcoin remains unchanged despite the price decline. He has consistently recommended Bitcoin alongside traditional safe-haven assets like gold and silver as protection against currency devaluation.
Market data indicates the crypto trading volume spike coincided with increased activity across traditional markets, suggesting coordinated selling pressure across multiple asset classes.
The current market conditions align with historical patterns where crypto assets have shown correlation with traditional market movements during periods of broad economic stress.
Looking at immediate market impacts, the $95,000 price level for Bitcoin represents a notable change from recent highs, though still maintaining a strong position compared to historical values.
The most recent data shows trading volumes remaining elevated, with market participants continuing to adjust positions in response to the changing conditions.
Source: https://blockonomi.com/robert-kiyosaki-updates-trading-strategy-following-market-correction/