Robert Kiyosaki Remains Bullish on Bitcoin Amid Market Crash
Robert Kiyosaki, the author of 'Rich Dad Poor Dad', has reaffirmed his bullish stance on Bitcoin and gold despite recent market declines. In a message to his 2.8 million followers on X, Kiyosaki attributed the market downturn to a global cash shortage, describing it as the bursting of "everything bubbles." He anticipates a significant increase in money creation by governments, which he believes will enhance the value of assets like gold, silver, Bitcoin, and Ethereum.
Kiyosaki expressed his intention to purchase more Bitcoin once the market stabilizes, emphasizing Bitcoin's limited supply of 21 million coins. He also encouraged followers to form "Cashflow Clubs" to learn and avoid financial mistakes. Meanwhile, the Bitcoin Fear and Greed Index has dropped to 16, indicating "Extreme Fear," a level often seen as a buying opportunity. However, analytics firm Santiment cautioned traders against assuming a market bottom, suggesting further declines could occur.