Renowned investor Robert Kiyosaki has forecast a potential Bitcoin crash, which he views as an opportunity to boost his cryptocurrency holdings. The warning came after a 4.20% decline in the leading cryptocurrency, which fell below its $106,000 price point on Friday.
Kiyosaki’s cautionary statement was prompted by US President Donald Trump’s decision to impose tariffs on trade partners Canada and Mexico, as well as China. This move led to significant losses for major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq 100.
Despite Kiyosaki’s warning, Bitcoin has started to recover, with gold and silver experiencing negligible effects from the tariffs. However, the US national debt continues to escalate, surpassing $36.4 trillion.
Kiyosaki’s prediction highlights the volatility and potential opportunities in the crypto market. His comments also underscore ongoing concerns about the US national debt, which remains a pressing issue despite economic measures.
The impact of the tariffs and national debt on the economy and crypto market is still to be seen, but Kiyosaki’s warning serves as a reminder that investors must remain vigilant and prepared for potential market shifts.
Source: https://www.benzinga.com/markets/cryptocurrency/25/02/43423389/robert-kiyosaki-predicts-gold-silver-bitcoin-crash-over-trumps-tariffs-says-its-a-buying-moment