Robert Kiyosaki, renowned financial expert and author of "Rich Dad Poor Dad," has recently warned of a potential Bitcoin price crash due to the impending Trump tariffs. He believes that assets such as Bitcoin, gold, and silver could experience a sharp decline as a result. However, Kiyosaki views market crashes as opportunities to invest in these assets at lower prices.
In a recent tweet, Kiyosaki stated, "Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer." He sees market volatility as a chance to acquire valuable assets at discounted prices.
Kiyosaki's warning comes as Bitcoin continues to trade within a tight range of $101K to $106K. Market volatility may increase as Trump's tariff policies take effect on February 1, potentially influencing global financial markets, including crypto.
While Kiyosaki is optimistic about buying assets during crashes, he also highlights a growing concern: debt. He believes that the increasing levels of debt in the economy pose a significant risk and that the debt crisis is a deeper issue that needs attention.
Kiyosaki's prediction aligns with recent comments from Arthur Hayes, another well-known analyst. Hayes expects a short-term decline in Bitcoin, possibly pushing its price down to $70,000, before a major rally towards $250,000 begins.
On-chain data from Glassnode shows a significant Bitcoin price cluster between $94,000 and $101,000. This suggests that many traders have bought Bitcoin in this range, making $98,000 a critical support level. If Bitcoin stays above this level, it could maintain its bullish momentum. However, if it falls below, it might open the door for a drop toward $90,000 or lower.