Famous Investor Calls Bitcoin Dip a Great Opportunity
In the financial world, renowned investor Robert Kiyosaki, known for his book "Rich Dad Poor Dad," views the sharp decline in Bitcoin prices as an opportunity. Bitcoin dropped from around $102,000 to $95,500 this week before stabilizing around $96,000. However, for Kiyosaki, this is not a cause for concern; instead, he referred to it as “Bitcoin on sale,” characterizing this price drop as a buying opportunity.
In a post on social media platform X, Kiyosaki described Bitcoin's drop as “great news.” The famous investor emphasized the importance of buying and holding Bitcoin at a low price (“HODL”) as a strategy for long-term gains. He also pointed out the limited supply of Bitcoin, reminding that only 2 million Bitcoins can still be mined.
Kiyosaki painted a pessimistic picture not only about Bitcoin but also about the overall economic situation. He claimed that we are experiencing "the biggest stock market crash in history." He based this prediction on the money-printing policies that have continued since the 2008 financial crisis. He recalled how, during that time, then-Federal Reserve Chairman Ben Bernanke paid bankers billions in bonuses while ordinary people lost their jobs, homes, and savings.
According to Kiyosaki, there could be significant collapses in the automotive, real estate, restaurant, and retail sectors by 2025. However, these crises may present great opportunities for investors. Kiyosaki recommends turning to investments defined as "real assets," such as Bitcoin, gold, and silver. He stated that these assets would play an important role in long-term wealth building, summarizing his investment strategy with, "declines are great times to get rich."
Seeing the decline in Bitcoin as a "buying opportunity," Kiyosaki highlighted the cryptocurrency's supply-demand dynamics. He stressed that only 21 million Bitcoins will be produced and noted that the demand for Bitcoin, particularly from spot ETFs and large financial institutions, is increasing. Therefore, according to Kiyosaki, Bitcoin's price declines are temporary and may provide significant gains in the long run.
Kiyosaki also views assets like gold and silver as fundamental elements of his portfolio. He argues that cash is a "depreciating asset," pointing out that inflation and government spending are accelerating this process. He believes that scarce assets like Bitcoin could maintain their value in the future and serve as important wealth-building tools.
For 2025, Kiyosaki predicts that the price of Bitcoin could rise to $350,000 or at least reach the $175,000 level. This forecast is supported by Bitcoin's limited supply and the increasing rate of institutional adoption. He reminds investors to take bold steps during downturns to seize long-term opportunities.
Kiyosaki's statements emphasize the need for investors to act strategically during a time of increasing economic uncertainty. He especially argues that scarce resources, such as cryptocurrencies and precious metals, could hold significant places in investment portfolios.