Bitcoin Crash? That’s Exactly What ‘Poor Dad’ Kiyosaki Is Hoping For

Source Bitcoinist

Bitcoin slipped back after hitting an intra‑week peak of $110,600. It dipped about 1.4% over two days. Yet some big names say this looks more like routine wobble than a crash.

Based on reports, ‘Rich Dad Poor Dad’ author Robert Kiyosaki took to Twitter on July 5 to call out what he called “losers” chasing clicks by warning of a Bitcoin collapse. He argued that these warnings only scare off people who might buy and hold for the long haul.

Clickbait Claims On The Rise

According to his July 5 tweet, Kiyosaki sees clickbait headlines as more about clicks than facts. He pointed out that some writers and social‑media voices claim BTC has hit its cycle top. They say it could plunge soon.

But he thinks those calls are meant to keep everyday investors on the sidelines. He warned that fear‑mongering headlines push short‑term traders to sell too early.

Kiyosaki didn’t just criticize. He shared his own plan if Bitcoin does drop sharply. He said he hopes “bitcoin crashes’ and buy more coins at a lower price.

He already added to his stash this week, buying above $100,000 per BTC. That shows his faith in a rebound. Many traders use a similar playbook: buy on weakness to lower their average cost.

Bullish Targets Drive Decisions

He’s set some big goals. Based on his posts, he expects Bitcoin to hit $200,000 by the end of the year. He also predicts it could reach $1 million over the next five years. He treats a drop as a chance to load up on what he calls “the biggest opportunity in history.” He groups the top crypto alongside gold and silver as must‑have assets.

Not everyone sees it his way. Some analysts warn that a 10% pullback from a top of $110,600 wouldn’t be unusual. Technical charts show Bitcoin has swung 15% or more in past cycles. Retail investors tend to get nervous. And when they sell, prices can slip further in the short run.

Long‑Term View Holds Strong

Kiyosaki’s stance echoes that of other big holders. Michael Saylor, the former MicroStrategy CEO, has said people who hold Bitcoin for five years have a good shot at big gains. That view rests on Bitcoin’s supply limit of 21 million coins and growing demand around the world.

According to market experts, buying on dips only works if prices recover. It also requires cash ready to deploy and nerves of steel. A deeper sell‑off could test anyone’s plan to add on weakness.

Hold Or Fold?

Kiyosaki’s headline message is clear: fear sells clicks, but it doesn’t have to dictate your move. If you believe in Bitcoin’s long‑term rise, small pullbacks might be the best times to buy. Whether that works out depends on where prices head next—and on each person’s comfort with risk.

Featured image from The Jerusalem Post, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst SaysIn a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Author  NewsBTC
4 Month 23 Day Wed
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
placeholder
Ethereum Price Action Turns Bearish — Risk of Near-Term CorrectionEthereum price started a fresh increase above the $2,450 zone. ETH is now correcting gains from $2,520 and might slip to test the $2,320 zone. Ethereum started a fresh upward move above the $2,350
Author  NewsBTC
6 Month 27 Day Fri
Ethereum price started a fresh increase above the $2,450 zone. ETH is now correcting gains from $2,520 and might slip to test the $2,320 zone. Ethereum started a fresh upward move above the $2,350
placeholder
This Altcoin Looks Like PEPE Before It Exploded, Analyst SaysA cryptocurrency analyst has pointed out how Pudgy Penguins (PENGU) is starting to look similar to Pepe (PEPE) did before its explosion. Pudgy Penguins May Be Following A Similar Path As PEPE In a
Author  NewsBTC
7 Month 03 Day Thu
A cryptocurrency analyst has pointed out how Pudgy Penguins (PENGU) is starting to look similar to Pepe (PEPE) did before its explosion. Pudgy Penguins May Be Following A Similar Path As PEPE In a
placeholder
Solana (SOL) Cools After Recovery — Resistance Proving Difficult to CrackSolana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance. SOL price started a fresh decline after it failed to clear
Author  NewsBTC
7 Month 04 Day Fri
Solana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance. SOL price started a fresh decline after it failed to clear
placeholder
XRP Could Hit $50 If Ripple Gets Bank License, Claims Crypto PunditVincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s
Author  NewsBTC
7 Month 04 Day Fri
Vincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s
goTop
quote