Bitcoin Price Plummets in ‘Brutal Market Crash,’ But It’s the Best Time to Get Rich, Says Robert Kiyosaki
Highlights:
- Robert Kiyosaki warns of a financial meltdown and advises seizing wealth opportunities.
- U.S. trade tariffs cause a crypto crash, with Bitcoin and altcoins dropping.
- Asian crypto stocks fall, with Metaplanet and SBI Holdings seeing significant losses.
Robert Kiyosaki, author of Rich Dad Poor Dad, has warned of a financial meltdown. In a recent X post, he claimed that stocks, bonds, real estate, and even assets like gold, silver, and Bitcoin are crashing. He said millions could lose their jobs but saw it as a chance to build wealth.
Kiyosaki urged investors to stay calm, viewing the downturn as an opportunity rather than a disaster, and advised them to make smart decisions instead of panicking. “This is the best time to get rich,” Kiyosaki stated.
On Saturday, as Bitcoin price saw a slight drop, Kiyosaki warned it “may crash,” calling it another opportunity to build wealth. He highlighted that Bitcoin, gold, and silver would be available at lower prices. Drawing a parallel to 2009, he recalled buying commercial real estate at a discount during the financial crisis and profiting significantly.
In a tweet on Jan. 27, Robert Kiyosak had earlier predicted that February 2025 would bring the “biggest market crash in history.” His recent warning reinforces this prediction, sparking further debate on the validity of his claims.
Many supported Kiyosaki’s advice, but some were skeptical. Brew Marks shared a flowchart showing times Kiyosaki predicted crashes, but the market rose. The graphic shows that despite his crash predictions, Kiyosaki remained bullish on crypto, gold, and silver.
Don't take investment advice from Robert Kiyosaki pic.twitter.com/2eKoODqg7a
— Brew Markets (@brewmarkets) February 3, 2025
Crypto Market Crashes Amid New U.S. Trade Tariffs on Canada, Mexico, and China
New U.S. trade tariffs on Canada, Mexico, and China caused a major crypto crash. Over $2 billion was wiped out in 24 hours as traders sold risky assets like Bitcoin and tech stocks. Bitcoin price has fallen over 7% since Sunday, dropping from $99,350 to around $91,500.
However, the largest cryptocurrency by market capitalization has managed to recover some losses. It is now trading at $95,442 per coin, showing an increase of nearly 5.14%. Bitcoin’s trading volume jumped 192% to $93 billion during the market shift, signaling intense market activity and possible panic selling. The rise in volume indicates that many traders are reacting to the price fluctuations.
The crypto market plunged alongside Bitcoin, with major cryptocurrencies like SOL, XRP, BNB, ADA, and DOGE dropping between 11% and 18%.
Asian Crypto Stocks Tumble as Bitcoin Price Falls
On February 3, Asian cryptocurrency stocks faced significant losses as Bitcoin dropped to $91,163, marking its lowest point in over three weeks. Altcoins contributed to a widespread market sell-off. Japan’s Metaplanet, known for its Bitcoin treasury strategy similar to MicroStrategy, closed the day down 9.44% on the Tokyo Stock Exchange. Meanwhile, SBI Holdings, a major player in crypto and blockchain investments, saw a decline of 3.60%.
Several prominent publicly listed crypto companies in Hong Kong also experienced losses. OSL Group, which runs the city’s first licensed crypto exchange, dropped by 2.69%, while Boyaa, the largest publicly traded Bitcoin holder in Asia, saw a 4.64% decline.
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Syed Ali Haider
Syed Ali Haider is a contributing crypto writer for Crypto2Community. He is a crypto and blockchain journalist with over six years of experience. Syed Ali is a Blockchain enthusiast and writer passionate about enhancing the acceptance, adoption, and integration of Blockchain technology worldwide. He has also advocated for digital freedom and cybersecurity for many years. Haider has been featured in a number of high-profile crypto and finance outlets, including Coincult and more.
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