Robert Kiyosaki says cash crunch driving crash, stays bullish on Bitcoin, gold

Robert Kiyosaki, writer of Rich Dad Poor Dad, has told his 2.8 cardinal followers connected X that helium is not selling his Bitcoin oregon golden contempt the crisp decline.

“The everything bubbles are bursting,” helium said successful a Saturday post, adding that the existent crushed markets are falling is simply a planetary currency shortage. “The origin of each markets crashing is the satellite is successful request of cash,” helium added.

Kiyosaki said helium expects what helium calls “The Big Print,” citing Lawrence Lepard’s thesis that governments volition edifice to monolithic wealth instauration to screen mounting indebtedness loads.

“The Bug Print is astir to begin… which volition marque gold, silver, Bitcoin, and Ethereum much valuable… arsenic fake wealth crashes,” helium said. He advised those who bash request currency to see selling immoderate assets, claiming astir panic stems from liquidity needs alternatively than conviction.

Related: Bitcoin ETFs bleed $866M successful second-worst time connected record, but immoderate analysts inactive bullish

Kiyosaki says he’ll bargain much Bitcoin aft crash

In a follow-up post, Kiyosaki doubled down connected his semipermanent stance. “I volition bargain much Bitcoin erstwhile clang is over,” helium said, reminding followers of Bitcoin (BTC)’s 21 cardinal proviso cap.

He besides encouraged users to signifier “Cashflow Clubs” built astir his committee game, saying that learning unneurotic helps radical debar mistakes.

Meanwhile, crypto influencer Mister Crypto noted that the Bitcoin Fear and Greed Index has plummeted to 16, entering “Extreme Fear” territory, which is historically seen arsenic a imaginable buying zone.

Mister Crypto noting that Bitcoin Fear and Greed Index has dropped to 16. Source: Mister Crypto

Related: Crypto sentiment scale sinks to lowest people since February

Santiment Warns Bitcoin Bottom Call

As Cointelegraph reported, Santiment is urging traders to be cautious arsenic societal media fills with claims that Bitcoin has already bottomed. The analytics steadfast said wide assurance successful a marketplace level often precedes further declines, noting that Bitcoin concisely dipping beneath $95,000 connected Friday sparked a question of posts suggesting the worst is over.

Historically, Santiment said, bottoms thin to signifier erstwhile astir traders expect prices to autumn adjacent lower, not erstwhile they are calling for a rebound.

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