Robert Kiyosaki, a renowned entrepreneur and author of the bestseller 'Rich Dad Poor Dad,' recently issued a Bitcoin warning linked to market events.
Reason for Bitcoin's Decline
Bitcoin's price fell by 4.20% on Friday, dropping from the $106,000 mark to $101,564 per coin. This was related to U.S. President Donald Trump's imposition of new tariffs on U.S. trading partners Canada and Mexico, as well as a 10% duty on Chinese goods. These measures led to declines in major U.S. stock market indices.
Kiyosaki on Asset Future
Kiyosaki stated that despite Bitcoin's drop, financial crises provide opportunities to purchase assets at reduced prices. He plans to buy more Bitcoin after prices fall, describing this situation as a 'time to get richer.' Alongside Bitcoin, gold and silver also saw minor declines.
Can Bitcoin Aid National Debt?
Official data shows that the U.S. national debt exceeds $36.4 trillion and continues to grow. The newly elected president has appointed Elon Musk and Ramaswamy to spearhead the Department of Government Efficiency to cut large government expenses. During the election campaign, Trump mentioned potentially using Bitcoin to help pay off the national debt.
Robert Kiyosaki sees the current price drops in Bitcoin and other assets as an opportunity, despite temporary difficulties. However, he believes the main issue remains the national debt, which is likely to worsen.
