Financial author and investor Robert Kiyosaki urges investors to seize the moment as Bitcoin (BTC) plummets following US President Donald Trump’s newly imposed tariffs.
Bitcoin’s latest drop caused massive liquidations across the crypto market, marking a new historic crash.
Robert Kiyosaki Urges Investors to Buy Bitcoin Now
The renowned author of Rich Dad Poor Dad took to social media to express his views. He called the current market drop an excellent opportunity for those looking to build wealth.
“Brutal crash here now. The stock, bond, real estate, gold, silver, and Bitcoin markets are crashing. The best assets in the world are going on sale. Millions will lose their jobs. This is the best time to get rich. Do not be a loser. Stay cool. Take care,” Kiyosaki stated in the post.
Indeed, Bitcoin fell as much as 4.3% between Sunday and the early hours of the Asian session on Monday. It dropped below $93,000 for the first time in three weeks. BeInCrypto data shows BTC was trading for $95,810 as of this writing, a modest recovery since the Monday session opened.
Meanwhile, this sharp downturn is largely attributed to US President Donald Trump’s new trade tariffs, announced over the weekend. The administration imposed a 25% levy on imports from Canada and Mexico and a 10% tariff on Chinese goods. This caused widespread panic in financial markets, with crypto liquidations reaching above $2 billion on Monday.
“Trump’s tariff war is impacting the whole market. Concerns about trade wars and stagflation, triggering recessions, are cascading across altcoins and Bitcoin,” BTC Markets CEO Caroline Bowler told Bloomberg.
The tariffs have set the stage for what could be a prolonged trade war, with Canada, Mexico, and China all expected to retaliate. As a result, investors appear to be fleeing high-risk assets, including Bitcoin and crypto in general.
Market analysts warn that these tariffs will affect approximately $1.3 trillion of US trade, potentially significantly increasing costs for American consumers and businesses.
“The trade war is live: New tariffs from President Trump are set to impact $1.3 trillion worth of US trade. The US stock market has lost over -$1.5 trillion of market cap with ~43% of all US imports soon subject to tariffs,” capital market writer Kobeissi Letter observed.
Despite the widespread market turmoil, Kiyosaki remains bullish on Bitcoin and other assets. He has consistently warned of a market selloff, and as BeInCrypto reported recently, he predicted that Bitcoin would fall in tandem with the stock market downturn.
He believes that downturns like these create wealth-building opportunities for those prepared to invest when prices are low. Kiyosaki’s investment philosophy, which emphasizes buying assets during periods of fear and selling during euphoria, aligns with his latest advice to investors.
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