Robert Kiyosaki anticipates Bitcoin could drop below $90,000 in August and plans to double his position if it does, viewing the dip as an opportunity for investors to grow wealth.
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Bitcoin experienced a 5.26% drop recently but has since recovered slightly to $114,492.
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Financial expert Kiyosaki attributes potential Bitcoin volatility to rising US debt and Federal Reserve policies.
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Japanese firm Metaplanet purchased 463 BTC, increasing its total holdings to 17,595 BTC worth nearly $1.8 billion.
Bitcoin may dip below $90,000 this August, says Robert Kiyosaki, who plans to double his holdings. Metaplanet boosts BTC stash with 463 coins. Stay informed with COINOTAG.
Will Bitcoin Crash Below $90,000? Kiyosaki Hopes So
Bitcoin’s price recently fell by 5.26%, reaching a low of $112,250 on August 2. Despite this, it has rebounded slightly to $114,492. Robert Kiyosaki, renowned financial educator and author, tweeted about a potential “Bitcoin curse” in August, suggesting a further drop below $90,000. He openly welcomes this possibility, viewing it as a buying opportunity for investors.
What Does Kiyosaki Say About Bitcoin’s Potential Crash?
Kiyosaki stated that if Bitcoin crashes below $90,000, he plans to double his current holdings. He believes such a dip will ultimately benefit investors by allowing them to accumulate more BTC at lower prices. The financial expert also highlighted the growing US national debt, now exceeding $30 trillion, as a key factor behind market instability. He criticized the Federal Reserve and Treasury for their ongoing money printing, which he sees as fueling inflation and market volatility.
How Is Metaplanet Expanding Its Bitcoin Holdings?
Japanese Bitcoin-focused company Metaplanet recently acquired 463 BTC for approximately $53.7 million, paying around $115,895 per coin. This purchase boosts Metaplanet’s total Bitcoin treasury to 17,595 BTC, valued close to $1.8 billion. The firm has achieved an impressive 459.2% yield year-to-date, ranking it as the fifth-largest institutional Bitcoin holder globally. Strategy remains the top company by Bitcoin holdings.
| Company | BTC Holdings | Year-to-Date Yield |
|---|---|---|
| Metaplanet | 17,595 BTC | 459.2% |
| Strategy | Largest BTC Treasury | Data Not Disclosed |
Why Does Kiyosaki Believe Bitcoin’s Dip Is Beneficial?
Robert Kiyosaki argues that a Bitcoin price drop is not a problem but an opportunity. He suggests that market corrections allow investors to buy more coins at discounted prices, increasing potential long-term gains. Kiyosaki also stresses that the root cause of financial instability is the US government’s excessive debt and monetary policies, not Bitcoin itself.
Frequently Asked Questions
What is Robert Kiyosaki’s outlook on Bitcoin’s price volatility?
Robert Kiyosaki welcomes Bitcoin’s potential price drop below $90,000, seeing it as an opportunity to increase his holdings and for investors to build wealth during market corrections.
Why does Kiyosaki blame US debt for Bitcoin’s market movements?
Kiyosaki points to the US national debt exceeding $30 trillion and aggressive money printing by the Federal Reserve as key drivers of financial instability, impacting Bitcoin’s price.
Key Takeaways
- Bitcoin’s recent dip: Fell 5.26% to $112,250 but recovered slightly.
- Kiyosaki’s strategy: Plans to double Bitcoin holdings if price drops below $90,000.
- Metaplanet’s acquisition: Bought 463 BTC, increasing total holdings to 17,595 BTC.
Conclusion
Bitcoin’s price volatility in August has sparked varied reactions, with financial expert Robert Kiyosaki viewing a potential dip below $90,000 as a strategic buying opportunity. Meanwhile, institutional players like Metaplanet continue to expand their Bitcoin treasuries, signaling confidence in the cryptocurrency’s long-term value. Investors should stay informed and consider market fundamentals amid ongoing economic challenges.
