Robert Kiyosaki, a renowned investor and author of the book 'Rich Dad Poor Dad,' has shared his views on the current state of financial markets, including Bitcoin.
Robert Kiyosaki's Statements
In his recent social media posts, Robert Kiyosaki referred to a 'brutal crash' affecting stock, bond, real estate, gold, silver, and Bitcoin markets. He claims that the best assets, such as gold, silver, and Bitcoin, are now available at reduced prices. He also believes that millions will lose their jobs but sees this as a favorable opportunity to gain wealth.
Impact on Cryptocurrency Market
The introduction of new trade tariffs for Canada, Mexico, and China by the U.S. government has caused what many are calling the worst bloodbath in cryptocurrency history. Over the past 24 hours, more than $2 billion worth of crypto has been liquidated as traders rushed to exit risky assets like tech stocks and Bitcoin.
Consequences for Investors
Since Bitcoin's more than 7% decline on Saturday, other cryptocurrencies have followed suit. As of now, Bitcoin has partially recovered its losses and is trading at $95,480, up nearly 2.5%. Major cryptocurrencies such as SOL, XRP, BNB, ADA, DOGE have dropped more than 11-18%.
While the current market situation may seem bleak, Robert Kiyosaki sees it as a unique opportunity to increase capital, believing assets like gold, silver, and Bitcoin have become more accessible to investors.
