Bitcoin plunged below $95,000 on Wednesday after shedding almost 8% over the past day. Amidst heightened volatility, investors appear to have positioned themselves cautiously.<\/p>\n
But prominent entrepreneur and investor Robert Kiyosaki believes the latest \u201ccrash\u201d is great. Here\u2019s why:<\/p>\n
Kiyosaki took to X to express his optimism about Bitcoin despite its recent price decline. Best known as the author of the best-selling personal finance book Rich Dad Poor Dad, Kiyosaki referred<\/a> to the cryptocurrency\u2019s downturn as \u201cgreat news,\u201d describing it as an opportunity to purchase it at a lower price and portraying it as being \u201con sale.\u201d<\/p>\n He reiterated his belief in the investment strategy of \u201cbuying low and holding\u201d long-term. Highlighting Bitcoin\u2019s limited supply, Kiyosaki noted that fewer than two million BTC remain to be mined.<\/p>\n Kiyosaki has been a vocal proponent of Bitcoin and frequently advises investors to consider it an effective inflation hedge. In a recent New Year forecast<\/a>, the financial guru predicted that Bitcoin could soar to $175,000-$350,000 by 2025. This optimistic outlook isn\u2019t out of place, as it closely matches the range forecasted<\/a> by several other financial experts.<\/p>\n Bernstein analysts, for one, set<\/a> a price target of $200,000 for Bitcoin by late 2025, restating a previous statement<\/a>. Their projection is part of a larger perspective on the crypto industry, which they believe is transitioning into an \u201cInfinity Age\u201d defined by mainstream acceptance and integration with the global financial system.<\/p>\n Weighing on the latest price action, QCP Capital stated<\/a> that Bitcoin has retreated towards the $95,000 support level following unexpectedly strong US labor market data. The JOLTS job openings report revealed 8.1 million vacancies, which exceeded the forecast of 7.74 million.<\/p>\n This labor market resilience triggered risk-off sentiment, which, in turn, drove a sell-off in risky assets as long-term bond yields surged. The sharp decline in Bitcoin\u2019s price led to liquidations totaling $206 million in just one hour.<\/p>\n The ripple effects of the sell-off extended to equities, with the Nasdaq and S&P 500 reflecting broader market weakness, trading near 21,200 and 5,900, respectively. Meanwhile, Bitcoin ETF inflows have dwindled by 94%, falling to $52.9 million from a previous $987 million.<\/p>\n As markets await the Federal Open Market Committee (FOMC) and Non-Farm Payroll (NFP) reports later this week, these developments are expected to shape Bitcoin\u2019s next moves. Despite the pullback, QCP Capital added that it anticipates this dip to be a temporary pause, with optimism building for a bullish rally ahead.<\/p>\n The post Kiyosaki Urges Investors to \u2018Buy Low and HODL\u2019 as Bitcoin Plunges Below $95,000<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin plunged below $95,000 on Wednesday after shedding almost 8% over the past day. Amidst heightened volatility, investors appear to have positioned themselves cautiously. But prominent entrepreneur and investor Robert Kiyosaki believes the latest \u201ccrash\u201d is great. Here\u2019s why: Opportunity in Crisis Kiyosaki took to X to express his optimism about Bitcoin despite its recent […]<\/p>\n","protected":false},"author":0,"featured_media":34132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34131"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34131"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34132"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u201cTemporary Pause\u201d<\/h2>\n