Robert Kiyosaki, creator of Rich Dad Poor Dad, told his 2.8 million followers on X that he just isn’t selling his Bitcoin or gold despite the sharp decline.
“The all the things bubbles are bursting,” he said in a Saturday post, adding that the true reason markets are falling is a worldwide money shortage. “The reason all markets are collapsing is that the world needs money,” he added.
Kiyosaki said he expects what he calls “The Big Print,” citing Lawrence Lepard's thesis that governments will resort to massive money printing to cover rising debt burdens.
“The bug print is about to start…which can make gold, silver, Bitcoin and Ethereum more useful…as counterfeit money crashes,” he said. He advised those in need of money to think about selling some assets, claiming that the majority of the panic was as a result of liquidity needs slightly than conviction.
Kiyosaki says he’ll buy more Bitcoin after the crash
In a follow-up post, Kiyosaki reiterated his long-term stance. “I’ll buy more Bitcoin when the crash is over,” he said, reminding his followers of Bitcoin’s (BTC) supply cap of 21 million.
He also encouraged users to create “money flow clubs” around his board game, saying that learning together helps avoid mistakes.
Meanwhile, crypto influencer Mister Crypto noted that the Bitcoin Fear and Greed Index has fallen to 16, entering the “extreme fear” area, historically viewed as a possible buying zone.
Mister Crypto points out that the Bitcoin Fear and Greed Index has dropped to 16. Source: Mister Crypto
Santiment warns of Bitcoin bottom call
As Cointelegraph reported, Santiment is urging traders to be cautious as claims mount on social media that Bitcoin has already bottomed out. The analytics firm said widespread confidence in a market floor often precedes further declines, noting that Bitcoin's temporary dip below $95,000 on Friday sparked a wave of posts suggesting the worst was over.
Historically, Santiment said, bottoms are likely to form when most traders expect prices to fall even further, slightly than after they call for a recovery.
