Robert Kiyosaki Plans to Buy Bitcoin During Market Dip
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Robert Kiyosaki, renowned investor and author announced on Monday his intention to buy more Bitcoin as its price declined to $61,000. Later that day, Bitcoin’s value dropped further to a multi-month low of $58,500.
Kiyosaki Seizes Opportunity Amid Bitcoin Dip
Robert Kiyosaki, known for his best-selling book Rich Dad Poor Dad, criticized panic selling during market downturns, labeling it an “employee” mentality, which he personally rejects.”Bitcoin is crashing. Most people should sell. I am waiting to buy more,” Kiyosaki tweeted. “If crashes terrify you, sell and cling to your job, which is what most ’employees’ should do.”
Kiyosaki’s Endorsement of Bitcoin
Kiyosaki frequently praises Bitcoin for its scarcity and finite supply, likening it to precious metals such as gold and silver. He argues that these attributes make Bitcoin resistant to the inflationary pressures affecting fiat currencies.
In March, Kiyosaki described government bonds as the “biggest lie” promoted by financial planners as safe investments. Instead, he championed gold, silver, and Bitcoin as “real assets” poised for significant growth. 
Earlier this month, he forecasted Bitcoin could reach $350,000 per coin by August 2024, attributing this potential rise to irresponsible monetary and fiscal policies.
Bitcoin’s Recent Market Correction
Bitcoin’s decline on Monday followed the announcement that Mt. Gox would start returning its customers’ BTC next month after nearly a decade of insolvency.
The 141,686 BTC held by the rehabilitation trustee, now worth over $8 billion, raised concerns that Mt. Gox customers might flood the market with sell orders upon repayment.Bitcoin’s price further consolidated below $59,000 on Monday, experiencing more significant gains than many altcoins.
According to CoinGlass, the past 24 hours saw over $373 million in crypto market liquidations. Millionaire crypto trader Andrew Kang predicted on Sunday that Bitcoin might face extreme corrections in the coming months but is likely to surge to new highs by 2025.
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