'Rich Dad' Kiyosaki on Bitcoin Plunge: "Good News... Means It's on Sale"

"Make Decisions Coldly and Wisely"
"Bitcoin, Buy at Low Prices and Hold, Don't Sell"

Robert Kiyosaki, the author of the bestseller "Rich Dad Poor Dad," claimed that a market collapse will occur this year and recommended investing in gold, silver, and Bitcoin.

On the 8th (local time), Kiyosaki stated on his X (formerly Twitter), "I warned in 2013 that the biggest stock market crash in history was approaching," adding, "That crash is happening right now." He compared the current U.S. economic situation to the 2008 financial crisis and predicted that many high-priced assets such as housing, gold, silver, and Bitcoin will soon be put up for sale. He pointed out, "By 2025, the automobile market, housing market, restaurants, retailers, and even wine sales are declining," and said, "Everything is worsening, and the world is on the brink of war."

Bestselling author of "Rich Dad Poor Dad," Robert Kiyosaki. X (formerly Twitter)

Kiyosaki emphasized the need to act calmly and wisely in a crisis. He said, "When millions of people panic, you must respond calmly and wisely," and added, "I will listen to the stories of smart investors at the Vancouver Resource Investment Conference (VRIC) and look into investing in gold and silver mines."

Regarding the news of Bitcoin's plunge, he called it "good news," saying, "It means Bitcoin is on sale, so I am continuing to buy Bitcoin." He further advised, "Remember, 'Buy low... and HODL'." 'HODL (Hold On for Dear Life)' is an internet meme used in the cryptocurrency community, meaning to hold on as long as possible.

Robert Kiyosaki X (X, formerly Twitter)

Meanwhile, according to Investing.com, as of 2:30 p.m. Korean time on the 9th, the price of one Bitcoin is trading at $90,521, down 2.08% from 24 hours earlier. Bitcoin's price surged significantly on the 6th, reclaiming the $100,000 level, but has since widened its decline.

Strong U.S. economic indicators have increased the likelihood of the Federal Reserve (Fed) maintaining interest rates, which has been negative for the cryptocurrency market. Typically, a rise in U.S. Treasury yields results in funds flowing out of risky assets such as cryptocurrencies and stocks. Cryptocurrency media outlet CoinDesk reported, "Strong U.S. economic data has dampened the bright momentum of the cryptocurrency market seen earlier this year."