Synopsis
Bitcoin plunged to $85,000, down 22% from its January peak, prompting Robert Kiyosaki to reaffirm his bullish stance on the cryptocurrency. Despite the drop, Kiyosaki views it as an opportunity to buy more, emphasizing that the true issue lies with the global monetary system, not Bitcoin itself. He continues to favor Bitcoin, gold, and silver over fiat currency.
Bitcoin fell sharply on Thursday, dropping to $85,000—down 22% from its all-time high of $109,114 recorded on January 20. As the cryptocurrency market faced renewed volatility, Robert Kiyosaki, the author of Rich Dad Poor Dad, took to X (formerly Twitter) to reaffirm his bullish stance on Bitcoin, calling the price decline an opportunity to buy more.
Reacting to Bitcoin’s drop, Kiyosaki posted a strong statement, arguing that the problem isn’t Bitcoin itself, but the global monetary system and traditional banking institutions.
“BITCOIN CRASHING. Bitcoin is on SALE. I AM BUYING,” Kiyosaki wrote.
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View Details »“The problem is not BITCOIN. THE PROBLEM is our Monetary System and our criminal bankers. America’s bankrupt. Our debt, including social programs such as Medicare and Social Security, along with our $36 trillion debt, is over $230 trillion,” he stated.
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“US Bonds Are a Joke, Inflation Will Soar”
Kiyosaki further warned of a potential collapse in the U.S. bond market, highlighting concerns that foreign nations, particularly Japan and China, may stop purchasing U.S. debt. According to him, such a scenario could drive inflation to extreme levels, destabilizing the economy and eroding confidence in the U.S. dollar.
“Our US Bonds are a joke. When countries such as Japan and China stop buying our bonds, inflation will go through the roof, our economy and the US dollar will crash,” he wrote.
Despite Bitcoin’s recent drop, Kiyosaki remains confident in its long-term value, calling it “money with integrity” compared to what he terms “fake money.”
“Those are a few of the reasons why… When Bitcoin crashes, I smile and buy more,” he stated.
Reaffirming his investment strategy, Kiyosaki emphasized his preference for assets like Bitcoin, gold, and silver over fiat currency.
“Fake money is a thief. I’ll trade fake money for gold, silver, and Bitcoin anytime they go on sale.”
BITCOIN CRASHING
Bitcoin is on SALE
I AM BUYINGWHY: The problem is not BITCOIN
THE PROBLEM is our Monetary System and our criminal bankers.America’s bankrupt. Our debt including social programs, such as Medicare and Social Security, including our $36 trillion debt is…
— Robert Kiyosaki (@theRealKiyosaki) February 27, 2025
Also Read: Bitcoin is a bubble and will blow up someday, says Jim Rogers
Bitcoin’s latest decline
Bitcoin’s latest downturn comes amid broader macroeconomic concerns, including rising U.S. Treasury yields and uncertainty over U.S. trade policies. Market sentiment took a hit after President Donald Trump suggested that new tariffs on Canada and Mexico could take effect on April 2, extending the deadline by a month. However, a White House official later stated that the previous March 2 deadline remained in place, adding to market volatility.
U.S. Treasury yields reacted sharply, with the two-year yield climbing to 4.09%, while the 10-year yield hit 4.2772%, rebounding from a 2-1/2-month low. The move signaled a shift toward safer assets, adding to selling pressure in cryptocurrencies.
“Bitcoin and the broader crypto market are seeing a sharp drawdown amid weak macro sentiment. The asset briefly dropped to $82,300 after reports of U.S. plans to impose a 25% tariff on the EU,” said Vikram Subburaj, CEO, Giottus.
Also Read: Pi Coin’s next move: Can it hit $100 and beyond?
(Disclaimer: Recommendations, views, and opinions expressed by experts are their own and do not reflect the views of The Economic Times.)
