Robert Kiyosaki Analyzes Market Crash and Sees Opportunity in Bitcoin

Robert Kiyosaki, author of "Rich Dad Poor Dad," has commented on the current financial market crash, linking it to predictions made in his 2013 book "Rich Dad’s Prophecy." He attributes the downturn to decisions from the 2008 financial crisis, criticizing former Federal Reserve Chairman Ben Bernanke for prioritizing banker bonuses over public welfare.

Kiyosaki's Insights

The current downturn affects multiple sectors: housing, retail, and automotive.
Kiyosaki views market crashes as opportunities for savvy investors.
He encourages calmness among investors during times of panic.

Outlook on Bitcoin

Despite a nearly 6% drop in Bitcoin's price, Kiyosaki sees this as a positive sign, suggesting it's a good time to accumulate. He notes the limited supply of Bitcoin, with “less than 2 million more coins to be mined,” predicting future value increases.

The broader crypto market is experiencing instability, with over $712 million in liquidations reported. Market caution is heightened due to anticipation of the FOMC Minutes release and other key economic updates, including US job data.