In the latest crypto news, Rich Dad Poor Dad author Robert Kiyosaki has once again made headlines with his recent post on Bitcoin and Ethereum. This also comes as the Bitcoin USD and Ethereum (ETH) prices continue to stay in the red, with BTC falling to as low as $94,000 this week.
However, Robert Kiyosaki has urged investors not to panic. In a lengthy message shared on X, the Rich Dad Poor Dad writer explained why he refuses to sell his Bitcoin and Ethereum holdings despite the ongoing market correction.
Kiyosaki, known for his bold macroeconomic views, framed the current downturn not as a reason to exit but as a signal of deeper financial stress brewing across global markets.
Robert Kiyosaki Hints at Global Market Crash
Robert Kiyosaki has continued to make headlines in the crypto news column, with his recent hints towards a broader crypto market crash. In a recent X post, the Rich Dad Poor Dad author started with acknowledging the sharp drop in Bitcoin USD price, calling it part of a broader “everything bubble” that is now bursting.
While many investors are fleeing to the safety of cash, he made it clear that he is not selling any of his crypto assets, especially Bitcoin and Ethereum. He said he is choosing to wait because he believes the heart of the global selloff lies in one issue, i.e., the world needs cash.
According to him, people are selling assets because they personally need liquidity, not because the assets themselves have lost long-term value. Since he does not need cash urgently, he sees no reason to sell Bitcoin or Ethereum during a panic-driven environment.
Crypto News: Kiyosaki Remains Bullish on BTC & Ethereum
A key part of Kiyosaki’s stance revolves around what he calls “The Big Print.” This comes with a reference to macro investor Lawrence Lepard’s argument that huge money printing cycles are ahead.
Meanwhile, Robert Kiyosaki believes governments drowning in debt will be forced to inject massive amounts of new money into the system, which will devalue fiat currencies. Kiyosaki warned that this situation will likely make real assets, including gold, silver, Bitcoin, and Ethereum, more valuable as “fake money crashes.”
While he admitted that both he and Lepard could be wrong, he emphasized that he is simply sharing what he personally plans to do, rather than giving investment advice. However, it’s worth noting that he has remained bullish on Bitcoin USD and Ethereum for a long time.
Crypto News: How are Bitcoin & Ethereum Prices Faring?
Bitcoin price slipped and rested below the $96,000 mark today, with its trading volume falling 46% to $70 billion. Notably, the crypto has touched a 24-hour high and low of $97,301 and $94,000, respectively.
On the other hand, ETH price today fell 1% to $3,100, after falling to as low as $3,088 in the last 24 hours. The crypto has lost nearly 6% over the week, while witnessing a slump of 19% over the last 30 days.
The latest dip in both Bitcoin USD and Ethereum (ETH) prices has sparked discussions among crypto news watchers. While some expect it as a healthy reset, others are deeming this as the start of the bear market.