Bitcoin Plunge: Kiyosaki Sees Opportunity Amidst Tariff Turmoil

Bitcoin's recent price drop has sparked a buying opportunity, according to renowned investor and author Robert Kiyosaki. The financial guru took to social media to urge investors to seize the moment, stating that the current market crash is an excellent time to build wealth.

Kiyosaki's advice comes as Bitcoin experienced a significant drop, falling as much as 4.3% between Sunday and Monday morning. The cryptocurrency briefly dipped below $93,000, marking a three-week low. However, Bitcoin has since recovered slightly, trading at around $95,810 at the time of writing.

The sharp downturn in the crypto market is largely attributed to US President Donald Trump's new trade tariffs, which were announced over the weekend. The administration imposed a 25% levy on imports from Canada and Mexico, as well as a 10% tariff on Chinese goods. These tariffs have caused widespread panic in financial markets, with crypto liquidations reaching above $2 billion on Monday.

Market analysts warn that these tariffs could have a significant impact on US trade, potentially increasing costs for American consumers and businesses. The US stock market has already lost over $1.5 trillion in market cap, with approximately 43% of all US imports soon subject to tariffs.

Despite the market turmoil, Kiyosaki remains bullish on Bitcoin and other assets. He has consistently warned of a market selloff and believes that downturns like these create wealth-building opportunities for those prepared to invest when prices are low. Kiyosaki's investment philosophy emphasizes buying assets during periods of fear and selling during euphoria.