Bitcoin prices have dropped to a six-month low near $95,835, falling 11% over the past week. The decline coincides with turmoil in AI-related tech stocks, which has unsettled investors and spilled over into cryptocurrency markets.
Despite the sell-off, financial author Robert Kiyosaki says he will not sell his Bitcoin holdings and plans to increase his position once the market stabilizes. He attributes the current downturn to broader liquidity needs rather than a shift in Bitcoin’s long-term value.
Bitcoin Price Declines Amid Tech Market Volatility
The recent sell-off in AI tech stocks has caused a ripple effect in crypto markets, pushing Bitcoin to its lowest level in six months. Approximately $900 million in Bitcoin long positions were liquidated during this period. However, these liquidations represent less than 2% of total open interest, indicating that while the drop is significant, the market is not experiencing a full collapse.
This correction is milder compared to the sharp flush-out on October 10, when reduced liquidity exacerbated price drops. Market observers note that the current downturn reflects cooling investor sentiment rather than systemic market failure.
Robert Kiyosaki Maintains Bitcoin Holdings Amid Market Stress
Robert Kiyosaki, author of the “Rich Dad Poor Dad” series, has publicly stated his intention to hold onto his Bitcoin through the downturn. He explains that many investors are selling to meet urgent cash needs, but he personally does not require immediate liquidity.
In a recent tweet, Kiyosaki emphasized that he is not selling despite the market crash. He cited the global need for cash as the primary driver of the sell-off, not a fundamental change in Bitcoin’s value.
Expectations of Government Money Printing and Asset Value Shifts
Kiyosaki points to growing global debt levels as the root cause of market instability. He anticipates governments will respond with increased money printing, which he calls “The Big Print.” According to Kiyosaki, this could weaken fiat currencies and boost the value of assets like gold, silver, Bitcoin, and Ethereum.
He acknowledges the possibility of being wrong but maintains that his investment approach is based on these expectations.
Kiyosaki’s Income Strategy Supports His Patience
Kiyosaki credits his ability to hold through market volatility to income-producing assets like real estate and private investments. These steady cash flows reduce his need to liquidate holdings during market downturns.
He often references the advice from the character Miss Piggy: “the key to managing money is having money when you need it,” which influenced his focus on cash-flow assets over relying solely on earned income.
Lessons From Past Market Mistakes
Kiyosaki admits to making poor financial decisions during previous downturns due to panic. He suggests that traditional education fails to teach critical money management skills and that learning from mistakes is essential.
This perspective underpins his advocacy for financial education through practical experience rather than formal schooling alone.
Plans To Increase Bitcoin Holdings and Promote Group Learning
Looking ahead, Kiyosaki intends to buy more Bitcoin once market conditions stabilize. He highlights Bitcoin’s capped supply of 21 million coins as a key factor in its potential value appreciation.
He also encourages fans of his Cashflow board game to form study groups, or “Cashflow Clubs,” to learn collaboratively. Kiyosaki believes group learning accelerates understanding and confidence in financial matters.
