Robert Kiyosaki, author of Rich Dad Poor Dad, is in the news again for his blunt comments on the recent crypto market crash. Due to President Donald Trump’s new tariffs, the entrepreneur doesn’t bat an eye as Bitcoin and other major cryptos tank. In fact, he thinks this is the perfect time to buy Bitcoin, which is “on sale”.
On X, formerly Twitter, Kiyosaki said:
“The ‘stock, bond, real estate, gold, silver and Bitcoin markets are crashing. The best assets in the world are on sale. Millions will lose their jobs. This is the best time to get rich. Don’t be a loser. Stay cool. Take care.”
This is as global markets are in turmoil due to new economic policies, rising inflation fears and investor uncertainty. But Kiyosaki’s message is clear: when markets crash, don’t panic – that’s when you prepare.
Trump’s Tariffs Trigger Market Mayhem
Based on available reports, the cause of the latest market dip is a surprise announcement by President Donald Trump that new tariffs on key trading partners like Canada, Mexico and China are coming. Tariffs meant to protect U.S. industries have sent ripples through both traditional financial markets and the crypto space.
Bitcoin plunged to $91,231 on Monday, erasing January’s gains. It has since recovered to around $103,000 but many investors are running for cover. Traditional markets were tracking this fall as Nasdaq 100 futures fell 1.61%, S&P 500 lost 1.36% and Europe’s STOXX 600 slid 1.30%.
Austin King, CEO of Omni, said:
“The markets are adjusting again to what it’s like to live under a Trump administration. The reality is Trump will be good for the crypto industry but passing proper policy to encourage it will take time. Meanwhile other policies like tariffs have an immediate negative effect on the market.”
Robert Kiyosaki’s Financial Philosophy: Why Crashes Are ‘Good’
As a result of a broader financial philosophy that focuses on long-term wealth-building through strategic investment, Kiyosaki believes market downturns provide rare opportunities to buy valuable assets at low prices, a principle he’s been preaching throughout his career.
In another post he said:
“Trump tariffs kick in: Gold, silver, Bitcoin to crater. Good. Will buy the dip, after prices crash. Real problem is DEBT… which will only get worse. Crashes mean assets go on sale. Time to get richer.”
To him, it’s not the corrections that reflect true economic risk, but an avalanche of debt crises, which globally gets worse. Kiyosaki views Bitcoin, combined with gold and silver, as a hedge against this debt volatility.
Crypto Markets See Massive Liquidations
The crypto market is brutal. Over $10 billion of crypto positions were reportedly liquidated in 24 hours as a 315% increase, one of the largest single-day liquidations since the collapse of Terra’s stablecoin in 2022, according to Coinglass.
Matt Mena, Crypto Research Strategist at 21Shares, said;
Crypto cycles rarely see parabolic runs without corrections and shakeouts like these usually make way for the next leg higher. February has been a strong month for Bitcoin, 12 out of the last 14 years have been positive, with an average return of 15.66%. If history is any guide, this might be a temporary pullback before a new uptrend.
BTC has taken less of a beating than most altcoins which means investor confidence in its long-term value is still intact.
Expert Insight: Time to Buy BTC?
As markets panic and sell off across the board, Robert Kiyosaki thinks this is a good time. But is now really the time to buy BTC?
In any case, after periods of extreme turbulence in history, Bitcoin has done well. For example,’ it went from $4,000 to over $60,000 in a year after the COVID-19 market crash in March 2020. Also, the limited supply of BTC, only 21 million coins, creates scarcity that will drive prices higher over time as institutional interest grows. The growing adoption of Bitcoin ETFs and a more favorable regulatory environment under pro-crypto policymakers add to the long-term case.
However, investors should not make impulsive decisions. Crypto is still very volatile; as much as the potential is big for gains, so are the risks. Major keys to navigating this market is diversification, thorough research and long-term perspective.
Stay updated with Deythere as we’re available around the clock, providing you with updated information about the state of the crypto world.
FAQs
1. What are the recent actions by President Trump that affected the cryptocurrency market?
President Trump just imposed new tariffs on Canadian, Mexico, and Chinese imports. This has caused market volatility and all assets including cryptocurrencies to go down.citeturn0search1
2. How did Bitcoin react to the new tariffs?
Bitcoin went to a 3-week low below $100,000 as investors weighed in on what the tariff war means for the economy.
3. What does Robert Kiyosaki say about BTC right now?
According to Robert Kiyosaki, the current price of BTC is an investment opportunity; this means that whenever a market goes down, that’s the time investors get good prices.
4. What are the broader economic fears with the new tariffs?
What analysts are scared of is the increase in consumer prices, distortion in global supply chains and potential slowdown-all these increase market uncertainty.
Glossary Of Terms
- Tariffs: are imposed on imported goods by governments for raising revenue, protection of domestic industries, or as an application of economic formulas on other nations.
- Cryptocurrency: a digital or virtual currency that uses cryptography for security and works independently from a central authority.’
- Market volatility means the degree to which a financial instrument for a given period is subject to fluctuation or uncertainty in price. It, therefore, indicates a level of risk related to the change in the value of an asset.
- Asset Crash: A sudden and rapid fall in the value of the assets that occurs due to some economic event or market reaction.
- Trade War: An economic war that arises as a result of extreme protectionism where countries put tariffs or other restrictions on each other’s goods and services.
References
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