Robert Kiyosaki, author of Rich Dad Poor Dad, has told his 2.8 million followers on X that he is not selling his Bitcoin or gold despite the sharp decline.
“The everything bubbles are bursting,” he said in a Saturday post, adding that the real reason markets are falling is a global cash shortage. “The cause of all markets crashing is the world is in need of cash,” he added.
Kiyosaki said he expects what he calls “The Big Print,” citing Lawrence Lepard’s thesis that governments will resort to massive money creation to cover mounting debt loads.
“The Bug Print is about to begin… which will make gold, silver, Bitcoin, and Ethereum more valuable… as fake money crashes,” he said. He advised those who do need cash to consider selling some assets, claiming most panic stems from liquidity needs rather than conviction.
Related: Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish
Kiyosaki says he’ll buy more Bitcoin after crash
In a follow-up post, Kiyosaki doubled down on his long-term stance. “I will buy more Bitcoin when crash is over,” he said, reminding followers of Bitcoin (BTC)’s 21 million supply cap.
He also encouraged users to form “Cashflow Clubs” built around his board game, saying that learning together helps people avoid mistakes.
Meanwhile, crypto influencer Mister Crypto noted that the Bitcoin Fear and Greed Index has plummeted to 16, entering “Extreme Fear” territory, which is historically seen as a potential buying zone.
Mister Crypto noting that Bitcoin Fear and Greed Index has dropped to 16. Source: Mister CryptoRelated: Crypto sentiment index sinks to lowest score since February
Santiment Warns Bitcoin Bottom Call
As Cointelegraph reported, Santiment is urging traders to be cautious as social media fills with claims that Bitcoin has already bottomed. The analytics firm said widespread confidence in a market floor often precedes further declines, noting that Bitcoin briefly dipping below $95,000 on Friday sparked a wave of posts suggesting the worst is over.
Historically, Santiment said, bottoms tend to form when most traders expect prices to fall even lower, not when they are calling for a rebound.
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- #Cryptocurrencies
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- #Ethereum
- #Gold
- #Silver
- #Cash
- #Cryptocurrency Investment
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