Robert Kiyosaki Maintains Bullish Stance on Bitcoin Despite Market Volatility

According to Cointelegraph, Robert Kiyosaki, renowned author of 'Rich Dad Poor Dad,' has announced to his 2.8 million followers on X that he will not be selling his Bitcoin or gold despite recent market declines. In a post on Saturday, Kiyosaki attributed the downturn to a global cash shortage, stating, 'The everything bubbles are bursting.' He emphasized that the primary reason for the market crash is the worldwide need for cash.Kiyosaki anticipates what he refers to as 'The Big Print,' referencing Lawrence Lepard’s theory that governments will resort to extensive money creation to manage increasing debt levels. He predicts that this will enhance the value of gold, silver, Bitcoin, and Ethereum as fiat currencies lose value. For those in need of cash, he suggests selling some assets, noting that panic often arises from liquidity needs rather than a lack of conviction.In a subsequent post, Kiyosaki reiterated his long-term commitment to Bitcoin, stating, 'I will buy more Bitcoin when the crash is over,' and reminding followers of Bitcoin's 21 million supply cap. He also encouraged the formation of 'Cashflow Clubs' centered around his board game, advocating for collective learning to prevent mistakes.Meanwhile, crypto influencer Mister Crypto highlighted that the Bitcoin Fear and Greed Index has dropped to 16, indicating 'Extreme Fear,' which is historically considered a potential buying opportunity. As Cointelegraph reported, Santiment, an analytics firm, cautioned traders against assuming Bitcoin has reached its bottom. The firm noted that widespread confidence in a market floor often precedes further declines, citing Bitcoin's brief dip below $95,000 on Friday as a catalyst for premature optimism. Historically, Santiment suggests that market bottoms form when traders expect prices to fall further, rather than when they anticipate a rebound.