Robert Kiyosaki, a legendary investor and entrepreneur, whose voice resonates through his YouTube podcasts and the pages of his hit book “Rich Dad Poor Dad”, has dropped a humdinger of a Bitcoin warning. Yet, amidst the gloom, there’s a glimmer that might just make investors dance a jig, or at least grin a bit. 😏
The harbinger of financial wisdom issued his latest proclamation after the world’s cryptocurrency darling nosedived by 4.20%, careening through the $106,000 price barrier on a dreary Friday. 🌧️
“Bitcoin may crash – time to get richer”: Kiyosaki
With a penchant for drama, Kiyosaki tweeted about the US president’s decision to slap a hefty 25% tariff on our polite neighbors, Canada and Mexico, along with a 10% duty on China. The result? Financial pandemonium and market wobbles. The Dow dropped 300 points, and the S&P 500 and Nasdaq 100 also took a dip. 📉
Kiyosaki’s tweet read: “Trump tariffs begin: gold, silver, Bitcoin may crash.” BTC took the hint and plunged over 4%, falling from $106,000 to $101,564. But fret not, dear reader, the resilient beast staged a mini-comeback, clawing back to $102,273 per coin. 🐉
TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.
— Robert Kiyosaki (@theRealKiyosaki) January 31, 2025
Our financial sage, Kiyosaki, positively gloated at the thought of Bitcoin and other safe havens taking a tumble. Though, let’s be real, Bitcoin’s already licking its wounds, and as for silver and gold, well, they’ve barely pulled a muscle – gold dipped 0.66%, and silver slid by 1.21%. Fretting? Hardly. 😂
The silver lining, according to Kiyosaki, is that “crashes mean assets are on sale.” Ready your wallets, folks! He’s poised to snatch up more Bitcoin after the prices hit rock bottom. “Time to get richer,” he crows. Yet, amidst the jest, a nugget of gloom – the US national debt: “Real problem is DEBT…which will only get worse,” he mused. 💸
Can Bitcoin help reduce US debt?
Official figures spell out that the US national debt has ballooned past $36.4 trillion and is on a monstrous upward trajectory. In a bold move, the freshly minted president has roped in Elon Musk and Ramaswamy to lead the charge towards governmental thriftiness and possibly stem the trillion-dollar tide. 🚀
Ever the maverick, Trump, during his electioneering, waxed lyrical about embracing Bitcoin to maybe, just maybe settle part of the US debt with BTC. Oh, and he hinted at forming a Strategic Bitcoin Reserve. Bold times ahead, folks. Buckle up! 💥
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2025-02-01 11:05