Veteran investor Robert Kiyosaki has voiced concerns about a potential downturn in Bitcoin’s value, linking it to the growing influence of tariffs proposed by President Donald Trump.
As Bitcoin experiences a slight dip, trading 2% lower at $101,800, Kiyosaki suggests that the cryptocurrency, along with assets like gold and silver, could face a significant drop.
Trading volumes for Bitcoin have surged by 14%, reaching over $44 billion, as the price continues to fluctuate within a range of $101K to $106K. Kiyosaki believes that a sharp break in either direction could trigger further movement, possibly driving the price lower.
Kiyosaki, known for his investment insights, sees the looming downturn as an opportunity rather than a setback. On a recent social media post, he shared his thoughts, stating, “Trump’s tariffs may lead to a crash in Bitcoin, gold, and silver, but that’s exactly when I’ll buy more.” He emphasized that the true issue lies in increasing debt levels, which he predicts will worsen.
Kiyosaki views market crashes as temporary setbacks that allow savvy investors to purchase assets at discounted prices, positioning themselves for long-term wealth accumulation.
In line with Kiyosaki’s prediction, another well-known crypto analyst, Arthur Hayes, also expects a temporary crash, projecting that Bitcoin could fall to $70,000 before entering a major bull run, potentially reaching as high as $250,000. Despite the bearish outlook, both investors see significant opportunity in these market shifts.
On Friday, Bitcoin’s price surged toward the $84,000 level, briefly surpassing $85,000, lifting the spirits of the crypto community.
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The possibility that Bitcoin may repeat its 2024 market behavior, where it consolidated after hitting a record price, is still on the table, according to Markus Thielen, 10x Research’s chief crypto analyst.
Markus Thielen, head of crypto research at 10x Research, has raised the possibility that Bitcoin might revisit a similar pattern to its 2024 performance, where it consolidated after reaching an all-time high earlier in the year.