Robert Kiyosaki, the author of "Rich Dad Poor Dad," expressed to his 2.8 million followers on X that despite the significant market downturn, he will not sell his Bitcoin or gold.
"All bubbles are bursting," he said in a post on Saturday, adding that the real reason for the market decline is a global cash shortage. "The reason for all market crashes is that the world needs cash," he added.
Kiyosaki stated that he expects what he calls "big printing" to occur, citing Lawrence Lepard's argument that governments will resort to massive money creation to cover the increasing debt burden.
"Big printing is about to begin… this will make gold, silver, Bitcoin, and Ethereum more valuable… because fake money will collapse," he said. He suggested that those who truly need cash consider selling some assets, claiming that most panic stems from liquidity needs rather than belief.
In a follow-up post, Kiyosaki doubled down on his long-term stance. "I will buy more Bitcoin after the crash ends," he said, reminding fans that Bitcoin has a supply cap of 21 million coins.
He also encouraged users to form "cash flow clubs" around his board game, stating that learning together can help people avoid mistakes.
Meanwhile, cryptocurrency influencer Mister Crypto pointed out that the Bitcoin Fear and Greed Index has plummeted to 16, entering the "extreme fear" zone, which has historically been seen as a potential buying area.
As reported by Cointelegraph, Santiment urged traders to remain cautious, as social media is flooded with claims that Bitcoin has bottomed out. The analytics firm noted that widespread confidence in a market bottom often signals further declines, pointing out that Bitcoin briefly fell below $95,000 on Friday, triggering a wave of posts suggesting that the worst times are over.
Santiment stated that historically, bottoms tend to form when most traders expect prices to drop further, rather than when they call for a rebound.
Related: Tom Lee: Ethereum (ETH) will enter the "same super cycle" as Bitcoin (BTC)
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