Renowned financial author and investor Robert Kiyosaki has called bitcoin’s (BTC) recent price decline a prime opportunity for savvy investors.
The author of the best-selling book Rich Dad Poor Dad took to X social media to share his perspective on the asset’s downturn.
Kiyosaki Says to Buy More BTC
Kiyosaki, known for his love and commitment to the crypto asset, further noted that he will continually acquire BTC. He said that when BTC crashes, it is an opportunity to purchase more rather than a crisis.
“BITCOIN crashing. Great news. I continue buying Bitcoin because Bitcoin crashing means Bitcoin is on sale,” Kiyosaki said. “Remember Buy low … .and HODL,” he added.
He further noted that less than 2 million more bitcoins are to be mined.
Despite BTC drawbacks, the American businessman has been a vocal advocate for bitcoin, often warning about the risks of fiat currency devaluation. He has argued that conventional financial systems are structurally vulnerable because of excessive money printing and rising debt levels, making decentralized assets like BTC promising long-term investment opportunities.
BTC Potential Price Peak
In previous posts, Kiyosaki predicted that the BTC price could surge between $170,000 and $350,000 this year, highlighting the significance of investing heavily in the asset.
Before the current decline of BTC, the crypto-enthusiastic entrepreneur also predicted that bitcoin would crash to $60,000 before a massive pump. As of November, he said he held roughly 73 BTC and aims to reach about 100 BTC.
Will BTC Recover From the Fall?
Bitcoin’s price recently dropped below $96,000, marking a significant decline from its 2024 highs of over $105,000. The dip can be attributed to several factors, including market correction. The decline also followed a sharp rise in the 10-year U.S. Treasury yield, triggered by data from the Institute for Supply Management indicating unexpectedly strong growth in the U.S. services sector during December. This development heightened worries about persistent inflation. Higher yields often weigh on growth-focused risk assets.
On Monday, BTC surpassed $102,000, with widespread predictions that it could nearly double in value over the year. Investors remain optimistic that more transparent regulatory frameworks will support the prices of digital assets. However, the asset has dropped significantly above $95,000, down 5.40% in the last 24 hours.
