Robert Kiyosaki, famed investor and author of the bestselling personal finance book ‘Rich Dad Poor Dad’, has put forward an optimistic view of Bitcoin (BTC), despite the recent pullback.
On February 25, BTC saw a sharp 7% decline, down to $87,000 — a price point last seen in November of 2024. Prices subsequently dropped to $85,810 a day later, following record exchange-traded fund (ETF) outflows to the tune of $940 million.
At press time, BTC was trading at a price of $86,310 — having marked an 11.39% drop on the weekly chart that has brought year-to-date (YTD) losses up to 8.12%.
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As severe as the drop has been, renowned cryptocurrency analyst and MN Capital founder Michaël van de Poppe has expressed confidence that the local bottom will likely end up being somewhere in the $83,000 to $87,000 range, as Finbold reported. The recent uptick in price (with notably stronger volume present) certainly seems to support that theory.
Kiyosaki, a longtime crypto bull, seems to agree — as the author recently took to social media platform X to explain why he actually considers the recent dip a positive development.
Robert Kiyosaki urged investors to trade ‘fake money’ for Bitcoin and silver
The primary cause of Bitcoin’s recent crash has nothing to do with the cryptocurrency itself, at least per Robert Kiyosaki’s February 27 X post. Instead, the financial educator pinned the blame on the United States monetary system, citing the nation’s high level of debt.
Readers should note, however, that while the $36 trillion mentioned by the author represents an official figure from the federal government, the $230 trillion referred to by Kiyosaki includes unfunded liabilities — think Medicare or Social Security spending. In simple terms, the larger figure presents decades of future obligations as debt, which can be a bit misleading, to put it mildly.
Lastly, Robert Kiyosaki predicted that a collapse of the bond market would lead to both resurgent inflation and a crash of the U.S. dollar, and once again reiterated his bullishness on precious metals and Bitcoin.
Speaking of precious metals, the finance guru recently made another bold prediction. Per some of his unnamed sources, when silver is due for a strong move to the upside once gold prices reach a new all-time high (ATH) of $3,000 per troy ounce. The author noted that silver is roughly $50 below its ATH and that prices could increase from roughly $32 to as much as $70 per ounce.
As optimistic as that price target is — and Kiyosaki does have a long history of making ambitious claims, both bullish and bearish, a similar forecast was recently made by mineral exploration company Dolly Varden Silver chief executive officer (CEO) Shawn Khunkhun.
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