Renowned financial author and investor Robert Kiyosaki is encouraging investors to take advantage of the recent Bitcoin (BTC) drop triggered by US President Donald Trump’s new tariffs.
As Bitcoin experiences a significant dip, resulting in widespread liquidations within the crypto market, Kiyosaki sees this as an opportune moment for wealth accumulation.
Taking to social media, the Rich Dad Poor Dad author described the current market conditions as an ideal time for those seeking to grow their wealth. "Brutal crash here now. The stock, bond, real estate, gold, silver, and Bitcoin markets are crashing. The best assets in the world are going on sale. This is the best time to get rich. Do not be a loser. Stay cool. Take care," Kiyosaki mentioned in his post.
With Bitcoin plummeting by as much as 4.3% between Sunday and the early hours of Monday's Asian session, dropping below $93,000 for the first time in weeks, the crypto market has been experiencing turbulence. The recent tariffs imposed by President Trump on trade partners such as Canada, Mexico, and China have further intensified market apprehensions.
BTC Price Performance. Source: BeInCrypto
BTC Markets CEO Caroline Bowler highlighted how Trump’s trade policies have sparked concerns of trade wars and stagflation, leading to a cascading effect on altcoins and Bitcoin. The resulting panic has caused over $2 billion worth of crypto liquidations on Monday alone.
As fears of a prolonged trade war loom, investors are steering clear of high-risk assets like Bitcoin and cryptocurrency. Market experts predict that the tariffs could impact around $1.3 trillion of US trade, potentially escalating costs for American consumers and businesses.
Despite the market turmoil, Kiyosaki remains optimistic about Bitcoin and other assets. He has consistently forewarned of a market downturn, accurately predicting Bitcoin’s fall in sync with the stock market’s decline.
Kiyosaki believes that downturns present opportunities for wealth creation, urging investors to capitalize on low prices. His investment strategy, centered around purchasing assets during periods of fear and selling during exuberance, echoes his recent advice to investors.