Robert Kiyosaki Says Cash Crunch Driving Crash, Stays Bullish On...

Robert Kiyosaki argues a global cash shortage is driving the market crash and says he’s holding Bitcoin and gold, adding he’ll buy more BTC once the downturn ends.

Robert Kiyosaki, author of Rich Dad Poor Dad, has told his 2.8 million followers on X that he is not selling his Bitcoin or gold despite the sharp decline.

“The everything bubbles are bursting,” he said in a Saturday post, adding that the real reason markets are falling is a global cash shortage. “The cause of all markets crashing is the world is in need of cash,” he added.

Kiyosaki said he expects what he calls “The Big Print,” citing Lawrence Lepard’s thesis that governments will resort to massive money creation to cover mounting debt loads.

“The Bug Print is about to begin… which will make gold, silver, Bitcoin, and Ethereum more valuable… as fake money crashes,” he said. He advised those who do need cash to consider selling some assets, claiming most panic stems from liquidity needs rather than conviction.

Related: Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish

In a follow-up post, Kiyosaki doubled down on his long-term stance. “I will buy more Bitcoin when crash is over,” he said, reminding followers of Bitcoin (BTC)’s 21 million supply cap.

He also encouraged users to form “Cashflow Clubs” built around his board game, saying that learning together helps people avoid mistakes.

Meanwhile, crypto influencer Mister Crypto noted that the Bitcoin Fear and Greed Index has plummeted to 16, entering “Extreme Fear” territory, which is historically seen as a potential buying zone.

Related: Crypto sentiment index sinks to lowest score since February

Source: CoinTelegraph