Robert Kiyosaki, author of 'Rich Dad Poor Dad', is in the spotlight again for his comments on the recent crypto market crash. In response to President Donald Trump’s new tariffs, Kiyosaki argues this is the perfect time to buy Bitcoin.
Trump's New Tariffs and Market Impact
The latest changes in the market are attributed to a surprise announcement of new tariffs by President Donald Trump against key US trading partners like Canada, Mexico, and China. These tariffs have affected both traditional financial markets and the crypto space. Bitcoin fell to $91,231 on Monday but later recovered to $103,000. Traditional markets echoed this decline as Nasdaq 100 futures fell by 1.61%, the S&P 500 lost 1.36%, and the STOXX 600 slid by 1.30%.
Robert Kiyosaki's Financial Philosophy
Kiyosaki adheres to a philosophy of long-term wealth-building through strategic investment. He believes market downturns offer rare opportunities to purchase valuable assets at low prices. He stated in his posts: 'Trump tariffs kick in: Gold, silver, Bitcoin to crater. Good. Will buy the dip. Real problem is DEBT… which will only get worse. Crashes mean assets go on sale. Time to get richer.'
Cryptocurrency Market Liquidations
The crypto market experienced significant liquidations. According to Coinglass, over $10 billion in crypto positions were liquidated within 24 hours, marking one of the largest single-day liquidations since the collapse of Terra's stablecoin in 2022. Despite the downturns, Bitcoin is holding better than many altcoins, indicating continued investor confidence in its long-term value.
Robert Kiyosaki maintains that market turmoil presents an opportunity to acquire assets. While cryptocurrencies remain highly volatile, the long-term outlook might offer substantial opportunities for those willing to take risks.
