Bitcoin News Today: Robert Kiyosaki Halts Bitcoin Purchases Amid $120,000 Price Surge

Generated by AI AgentCoin World
Monday, Jul 21, 2025 3:39 pm ET1min read
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Aime RobotAime Summary

- Robert Kiyosaki halts Bitcoin purchases above $120,000, warning of a financial bubble and inflated market sentiment.

- He cautions that economic panic could trigger sharp declines in Bitcoin, gold, and silver amid deteriorating conditions.

- Despite short-term caution, Kiyosaki remains bullish on Bitcoin’s long-term potential, predicting it could reach $1 million.

- He advises investors to buy during market corrections, start small, and avoid overcommitting to volatile assets.

Robert Kiyosaki, renowned author of Rich Dad Poor Dad and a long-time advocate for assets like

Bitcoin
, gold, and silver, has issued a warning to investors about an impending financial bubble. According to Kiyosaki, a major economic correction is on the horizon, which could significantly impact these assets. He has paused his Bitcoin purchases, particularly after the cryptocurrency surpassed $120,000, citing concerns over inflated market sentiment and the potential for a bubble burst.

Kiyosaki's caution is rooted in the belief that during times of economic panic, even strong assets can be dragged down by emotional selloffs. He has warned that gold, silver, and Bitcoin could all fall sharply if the economy continues to deteriorate. This isn't the first time Kiyosaki has predicted a market downturn, but the timing of his latest warning is notable given the recent all-time highs reached by Bitcoin and the strong investor interest in gold and silver.

Earlier in July, when Bitcoin crossed $117,000, Kiyosaki was enthusiastic about purchasing more. However, as the price surged past $120,000, his tone shifted. He decided to stop buying, emphasizing the uncertainty in the economy. While he acknowledges that Bitcoin could still rise to $200,000 or even $1 million eventually, he cautioned against chasing gains blindly, advising investors to be patient and educated.

Kiyosaki's investment strategy is not about avoiding Bitcoin altogether but rather about buying smart, especially during major dips. He reassured followers that if the prices of gold, silver, and Bitcoin crash, he will be buying. Despite his short-term caution, Kiyosaki remains optimistic about the long-term future of Bitcoin, predicting that it could eventually reach $1 million. He advises newcomers to start small, perhaps by buying satoshis, and to avoid overcommitting early. According to Kiyosaki, the real winners will be those who buy after the market has corrected and prices have crashed.