Robert Kiyosaki, author of Rich Dad Poor Dad, sees the current market turmoil as a buying opportunity for Bitcoin.
As global markets react to U.S. President Donald Trump’s new tariffs, Kiyosaki said crashes present a chance to accumulate Bitcoin at a discount.
In a post on X, Kiyosaki warned of a “brutal crash” across multiple asset classes but said he intends to buy more Bitcoin once prices drop further.
“The stock, bond, real estate, gold, silver, and Bitcoin markets are crashing. The best assets in the world are going on sale. Millions will lose their jobs. This is the best time to get rich. Don’t be a loser. Stay cool. Take care.”
Kiyosaki also noted debt as the real underlying issue, suggesting that despite the short-term market panic, assets like Bitcoin remain a long-term hedge against economic instability.
“Trum tariffs begin: Gold, silver, Bitcoin may crash. Good. Will buy more after prices crash. Real problem is DEBT….which will only get worse. Crashes mean assets are on sale. Time to get richer," he posted.
Bitcoin and global markets plunge on Trump tariffs
Bitcoin fell to $91,231 on Monday, wiping out January’s gains as traders reacted to the US tariffs on Canada, Mexico, and China. At the time of writing, Bitcoin is back to $103,000.
Global markets also suffered heavy losses. Nasdaq 100 futures dropped 1.61%, S&P 500 fell 1.36%, The Dow Jones Industrial Average corrected 1.22% and Europe’s STOXX 600 index dropped 1.30%.
“The markets are once again adjusting to what it is like to live under a Trump administration,” said Austin King, CEO of Omni. “The reality is that Trump is going to be great for the crypto industry, but passing proper policy to encourage its growth will take time. Meanwhile, other policies like tariffs are having an immediate negative effect on the market.”
Biggest crypto liquidation since Terra’s collapse
The market turbulence led to over $10 billion in liquidations, according to Coinglass data —a 315% increase in the past 24 hours, making it one of the largest single-day.
Matt Mena, Crypto Research Strategist at 21Shares, put the crash into historical perspective.
“Crypto cycles rarely sustain parabolic runs without corrections, and shakeouts like these often pave the way for the next leg higher. February, in particular, has historically been a strong month for Bitcoin, posting positive returns in 12 of the last 14 years, with an average return of 15.66%. If history is any guide, this could be a temporary pullback before a renewed uptrend, especially as macroeconomic conditions continue pointing toward a more accommodative monetary environment.”