‘Rich Dad’ Kiyosaki sees Bitcoin’s price crash as buying opportunity

Key Takeaways

  • Robert Kiyosaki sees Bitcoin’s price drop as an opportunity to purchase more.
  • He predicts Bitcoin could reach up to $350,000 by 2025 due to economic concerns.

Robert Kiyosaki, author of “Rich Dad Poor Dad,” declared today that Bitcoin is “on-sale” and announced he is actively purchasing more of the digital asset amid recent price declines.

Kiyosaki points to the US debt burden, which he estimates exceeds $230 trillion when including social programs and bonds, as a major factor driving his outlook on Bitcoin.

He views the digital asset as a safer alternative to traditional fiat currencies, particularly given his criticism of what he calls ‘criminal bankers’ in the current monetary system.

Kiyosaki’s bullish stance on Bitcoin stems from concerns about potential economic instability, particularly inflation risks if countries like Japan and China reduce their US bond purchases.

Echoing Kiyosaki’s bullish sentiment, Michael Saylor went as far as to mock the narrative that crypto investors are now forced to seek low-paying jobs.

The crypto market is experiencing extreme fear, with the Crypto Fear & Greed Index dropping to 10, its lowest level since the Terra (LUNA) collapse in June 2022.

Bitcoin recently fell below $83,000, while other major digital assets, including Solana and XRP, have recorded substantial losses.

In January, Kiyosaki predicted that Bitcoin’s price could reach between $175,000 and $350,000 by the end of 2025.

Source: https://cryptobriefing.com/rich-dad-kiyosaki-bitcoin-buying-opportunity/