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Crypto News - Posted on 25 February 2025 Reading time 5 minutes
Renowned financial author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has once again expressed his optimism about Bitcoin as a long-term asset.
On Friday (February 22, 2025), Kiyosaki stated that he would "buy more Bitcoin" if a market crash caused a drastic decline in its price.
In a post on X (formerly Twitter), Kiyosaki warned of a major collapse across multiple asset classes, including stocks, bonds, real estate, gold, silver, and cryptocurrencies. He referred to this impending crisis as the "Everything Bubble", but maintained that Bitcoin would be the fastest asset to recover.
"If Bitcoin’s price drops, I will buy more," Kiyosaki wrote.
He remains steadfast in his belief that Bitcoin is the best hedge against economic instability and rising inflation.
At the time of his statement, Bitcoin (BTC/USD) was trading at $98,420, up 1.5% on Friday, maintaining its position above the crucial $95,000 support level.
However, Bitcoin faces significant resistance at higher levels, keeping its movements within a narrow trading range.
Since the early 2000s, Kiyosaki has frequently warned about major financial crises. Last month, he predicted that "the biggest stock market crash in history" could occur in February 2025. He foresees a massive sell-off in stocks and bonds, which could trigger broader economic instability.
As a vocal critic of fiat currency, Kiyosaki describes Bitcoin as "the people's money", while referring to gold and silver as "God's money". He continues to urge investors to shift toward these assets as protection against traditional market volatility.
Despite Bitcoin's limited price movement, its resilience around the $95,000 level signals potential for recovery. This comes amid ongoing outflows from spot Bitcoin ETFs, which, according to Market Pulse, have pressured prices in recent weeks.
Since its launch, Bitcoin ETFs have attracted $5.6 billion in investments, but speculative interest has recently declined due to persistent macroeconomic uncertainty.
Analysts believe that a major catalyst for Bitcoin could come from institutional demand. Recent reports indicate that MicroStrategy, founded by Michael Saylor, is considering purchasing more Bitcoin after raising $2 billion.
Minutes from the Federal Reserve's January meeting indicate that the central bank is in no rush to cut interest rates. Policymakers remain concerned about inflation risks and the potential economic impact of new tariffs if Donald Trump returns to office.
The Fed has kept interest rates at 4.25% - 4.5%, after cutting them by 1% throughout 2024.
Meanwhile, diplomatic talks between the U.S. and Russia earlier this week offered brief relief to the markets. However, overall, investor sentiment remains cautious.
Bitcoin’s inability to sustain a strong rally reflects broader uncertainties surrounding global economic policies.
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Source: kontan.co.id
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