TL;DR
- Robert Kiyosaki criticized “Bitcoin cry babies” for complaining about the price drop instead of seizing the opportunity to buy more, urging investors to view market dips as buying opportunities.
- Bitcoin recently dropped to around $96,800, down over 2% on the daily chart and 12% on the weekly timeframe, struggling to maintain its support level amid a broader market downturn.
- Despite the price drop, some analysts remain optimistic about Bitcoin’s long-term potential, with predictions of reaching $200,000 by 2025.
As Bitcoin (BTC) faces a significant price drop, renowned investor and author of “Rich Dad Poor Dad,” Robert Kiyosaki, has taken to social media to address disheartened Bitcoin investors. Kiyosaki, known for his bullish stance on Bitcoin, criticized what he described as “cry babies” who are complaining about the decline instead of seizing the opportunity to buy more.
Bitcoin’s Recent Performance
Kiyosaki’s comments come as Bitcoin struggles to maintain its support level amid a broader market downturn. After reaching a record high of approximately $108,000, Bitcoin has retreated, facing the threat of dropping below the $90,000 support zone.
As of December 24, Bitcoin was trading at around $96,800, down over 2% on the daily chart and a massive 12% on the weekly timeframe. The decline has dampened hopes of a possible Santa rally, leaving many investors concerned about the cryptocurrency’s future trajectory.
Kiyosaki’s Perspective
In a recent post on X, Kiyosaki urged investors to view market dips as buying opportunities rather than reasons for concern.
Boo Hoo Boo Hoo: BITCOIN CRY BABIES crying about Bitcoin prices dropping down. Rather than say “Thank you” and buying more “Bitcoins”…..cry babies cry. Buy buy buy not cry cry cry. Be grateful Grow up and buy more BC
— Robert Kiyosaki (@theRealKiyosaki) December 24, 2024
“Boo Hoo Boo Hoo: BITCOIN CRY BABIES crying about Bitcoin prices dropping down. Rather than say ‘Thank you’ and buying more ‘Bitcoins’…cry babies cry. Buy buy buy not cry cry cry. Be grateful. Grow up and buy more BC,” Kiyosaki stated.
He emphasized that market dips are moments to be grateful for, encouraging investors to take advantage of lower prices to accumulate more Bitcoin.
Kiyosaki’s Bullish Bitcoin Stand
Kiyosaki has long maintained that Bitcoin is the ideal asset to protect wealth, especially in the face of a potential global economic crash. He has consistently advocated for investing in Bitcoin alongside precious metals like gold and silver, arguing that these assets serve the same purpose and should not be involved in a supremacy battle.
According to Kiyosaki, investing in Bitcoin is a way to refuse to place trust in conventional financial institutions, which he describes as a “Den of Thieves”.
Market Analysis and Future Outlook
Despite the recent price drop, some analysts remain optimistic about Bitcoin’s long-term potential. A trading specialist on X, referred to as Market Maestro, indicated that unless Bitcoin manages to secure a weekly close above $95,221, ongoing selling pressure is likely to continue.
A weekly close under $92,140 might lead to a more significant drop in prices. However, Bitcoin still benefits from optimism tied to President-elect Donald Trump’s pro-crypto policies, with some analysts predicting that Bitcoin could hit a high of $200,000 in 2025.
