Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad and a long-time advocate for alternative assets, has once again made headlines with a provocative statement: “I hope Bitcoin crashes.” Far from signaling a loss of faith in the cryptocurrency, Kiyosaki’s comment underscores his belief in Bitcoin’s long-term value and his desire to accumulate more of the digital asset at lower prices.
In a post shared on social media on July 5, Kiyosaki criticized what he called “clickbait losers” who spread fear about Bitcoin’s price volatility. “I hope Bitcoin crashes. I will only buy more,” he wrote, reaffirming his strategy of buying during market downturns. The statement comes as Bitcoin trades around $108,000, slightly down from its recent high of $110,000.
A Contrarian Playbook
Kiyosaki’s investment philosophy has long centered on contrarian thinking. He frequently warns against the dangers of fiat currency, which he refers to as “fake money,” and encourages investors to seek refuge in assets like gold, silver, and Bitcoin. According to Kiyosaki, the U.S. dollar has lost over 95% of its purchasing power since he was a young man, making traditional savings a losing game.
Why save money when the Fed keeps printing more?” he has asked in past interviews. “Savers are losers. The real winners are those who understand how to use debt and invest in real assets.”
Bitcoin, in his view, is the ultimate hedge against inflation and central bank manipulation. He has previously predicted that Bitcoin could reach $1 million within the next decade, citing growing distrust in traditional financial systems and increasing institutional adoption of crypto.
Kiyosaki’s comments come amid speculation that Bitcoin could retrace to the $90,000 level, a move that some analysts see as a healthy correction in an otherwise bullish cycle. Despite the dip, over 93% of Bitcoin holders remain in profit, according to on-chain data. His remarks also align with a broader trend among seasoned investors who view volatility as an opportunity rather than a threat. Michael Saylor, executive chairman of MicroStrategy, and Cathie Wood of ARK Invest have similarly advocated for buying Bitcoin during downturns, citing its long-term potential.
Final Thoughts
While Kiyosaki’s statement may sound alarming at first glance, it’s consistent with his long-standing belief in buying undervalued assets. For him, a Bitcoin crash isn’t a catastrophe, it’s a clearance sale.
As the crypto market continues to evolve, Kiyosaki’s bold stance serves as a reminder that in the world of investing, perspective is everything.
