Plunge

Bitcoin

when

Robert Kiyosaki, author of the best-selling book "Rich Dad Poor Dad," has made a bold statement that has sent shockwaves through the cryptocurrency markets: he predicts a sharp decline in <a href="https://yellow.com/asset/btc">Bitcoin</a>'s price and promises to increase his holdings during any slump. 
Kiyosaki's recent <a href="https://x.com/therealkiyosaki/status/1863161721700982854?s=61">post</a> on X stated: 
<blockquote> 
 BITCOIN to CRASH Bitcoin is stalled short of $100k. That means BTC may crash to $60k. Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens I will not sell. BTC will be having a sale. I will buy more. I predict Bitcoin will settle around $250 in 2025. At this stage of the BTC process… price is not as important..as how many BTC you acquire. I want more BTC. Take care. 
</blockquote> 
When Bitcoin failed to break through the psychological $100,000 barrier, Kiyosaki—whose 1997 book became an influential voice in personal finance and sold over 40 million copies worldwide—suggested that the cryptocurrency could fall to $60,000. In spite of this gloomy forecast for the near future, he stuck to his lofty long-term goal of $250,000 by 2025. 
The "buy the dip" strategy, which has gained momentum among crypto enthusiasts, is portrayed by the financial educator's position. Market corrections are seen as buying opportunities, not reasons to panic, according to this approach, which advocates for asset accumulation during price declines. 
Kiyosaki has been an outspoken supporter of Bitcoin since 2020, adding to his reputation for holding controversial views on conventional financial systems and promoting alternative investment opportunities. His most recent remarks reaffirm the view of some investors that Bitcoin's utility goes beyond its price volatility and could serve as a safeguard against more conventional forms of funding. 
Institutional investors have taken notice of the author's broader investment philosophy, which prioritizes accumulation over price timing. While discussing Bitcoin, Kiyosaki made the comment, "At this stage of the BTC process... price is not as important as how many BTC you acquire," which is a viewpoint often linked to dollar-cost averaging strategies. 
Kiyosaki has a history of making audacious claims regarding Bitcoin. All through 2023, he kept sounding the alarm about an impending financial meltdown and praising Bitcoin, gold, and silver as safe haven investments. Although he has a mixed record of successful predictions and missed opportunities, his impact on the mood of retail investors is substantial. 
Recent price surges in Bitcoin have been fueled by institutional adoption, spot ETF approvals, and increasing corporate interest; these factors coincide with when Kiyosaki makes his remarks. He seems to be predicting a pullback, which could indicate a cooling period following the asset's impressive rally. 
Market watchers have pointed out that retail investors may take cues from Kiyosaki's openness to publicly announce his buying intentions during a possible downturn. In opposition to the prevailing short-term trading mindset in cryptocurrency markets, his message advocates for a long-term investment horizon. 
Skeptics argue that retail investors without deep pockets are vulnerable to the dangers posed by Kiyosaki's "buy the dip" approach. Those who can't handle long periods of market decline have lost a lot of money due to the unpredictable nature of cryptocurrency markets. 
Maximalists who believe in Bitcoin's potential as a medium of exchange rather than a medium of speculation find Kiyosaki's message resonant. Several institutional predictions point to continued growth in Bitcoin's adoption and value proposition, which is consistent with his ambitious $250,000 price target for 2025.

Bitcoin Could Plunge to $60K, But That's When I'll Buy More, Says 'Rich Dad' Author

Yellow News

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