Bitcoin crash may be ‘good,’ Rich Dad Poor Dad author Kiyosaki says: Trump tariffs put pressure on crypto
Robert Kiyosaki, the “Rich Dad Poor Dad” author, anticipates a potential price decline in Bitcoin and precious metals as Trump’s new tariff policies take effect.
Rather than viewing this as a market negative, Kiyosaki plans to use any price drops as buying opportunities.
In a recent tweet, Kiyosaki pointed to Trump’s tariffs as a catalyst for possible price declines in gold, silver, and Bitcoin (BTC). However, he emphasized that the real underlying concern remains the growing debt burden, which he believes will only intensify.
Kiyosaki sees a buying opportunity
The author views market crashes as opportunities to buy assets at discounted prices, stating, “CRASHES mean assets are on sale. Time to get richer.”
This outlook aligns with Kiyosaki’s long-standing investment philosophy and his previous market predictions. Earlier in January, he warned of a “giant market crash” while maintaining his bullish stance on alternative assets.
He has consistently criticized the Federal Reserve, Treasury, and banking system for relying on money printing, arguing this practice benefits asset holders at the expense of dollar savers.
Kiyosaki also discussed two economic principles he sees as key to Bitcoin’s power. He cited Gresham’s Law to explain how “bad money” in a system causes “good money” to go into hiding.
Kiyosaki suggested that Bitcoin, along with gold and silver, push the U.S. dollar into this position. Additionally, he highlighted Metcalfe’s Law and the power of networks, comparing Bitcoin’s growing influence to successful business models like McDonald’s.
Despite his prediction of a potential crash, Kiyosaki remains optimistic about Bitcoin’s long-term prospects. He views market downturns as chances to accumulate assets rather than reasons for concern. The financial author’s latest comments come as markets digest the implications of Trump’s new tariff policies and their potential impact on various asset classes.
Cryptocurrencies were indeed under pressure following the news. At last check Saturday morning, the following coins were on the downtrend:
