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- Robert Kiyosaki blames the global cash shortage for the ongoing market crash and its instability.
- Bitcoin’s 21 million supply cap drives confidence in its long-term value post-crash.
- The BTC Fear and Greed Index hits 16, signaling “Extreme Fear” and a potential buying opportunity.
Robert Kiyosaki, the author of Rich Dad Poor Dad, has stated that a global cash shortage is the driving force behind the ongoing market crash. Despite the market turmoil, Kiyosaki told his 2.8 million followers on X that he is holding on to his Bitcoin and gold, choosing not to sell amid the market’s steep decline.
Kiyosaki, in his recent post, expounded that the liquidity crisis globally is the major factor that is brought down by the market. He explained it as a lack of cash, which is creating a nationwide panic and financial instability. Kiyosaki believes that this crunch of liquidity is making investors scramble after cash, which, in its turn, is driving markets even deeper downwards.
Robert Kiyosaki Predicts ‘Big Print’ Will Boost Bitcoin and Gold
According to Kiyosaki, the most probable way governments will react to this crisis is to turn to the so-called Big Print, which he terms mass printing of money. He had referred to the theory by economist Lawrence Lepard that governments will increase the amount of money supply in order to access the growing debt.
Kiyosaki is convince that these measures will decrease the importance of fiat currencies and increase the worth of assets such as Bitcoin, gold, silver, and Ethereum.
Also Read: Crypto Mining Gains Priority as Belarus Seeks New Uses for Rising Power Output
Kiyosaki is not frightened about his long-term plans even though the market is having a hard time. He confirmed that after a crash, he will purchase additional Bitcoin by pointing out the 21 million supply limit of the currency as a major determinant of its worth.
Bitcoin Fear Index Hits Extreme Low, Kiyosaki Remains Bullish
The passion behind Kiyosaki and his investment in Bitcoin and gold is an indication that he believes in the asset and its potential in the future as the traditional currencies further decline.
Meanwhile, crypto influencer Mister Crypto highlighted that the Bitcoin Fear and Greed Index has fallen to 16 and is in the Extreme Fear range. These levels of fear in the past have actually pointed to a likely buying opportunity.
Source: X
Cryptocurrency analytics site Santiment also warned traders, explaining that any general belief in a market floor is usually an indicator of additional price falls. Still, Kiyosaki advises sticking with Bitcoin and gold despite the changes affected by the financial environment.
Also Read: Bitcoin Mirrors Nasdaq Declines but Misses Rallies: Wintermute Flags Market Weakness
