Kiyosaki Says Cash Crunch Driving Crash, Stays Bullish on BTC, Gold

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

“All the bubbles burst,” he he said in a post on Saturday, adding that the real reason the markets have fallen is a global cash shortage. “The reason for all the crashing markets is that the world needs money,” 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 burdens.

“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 in need of cash to consider selling some assets, stating that much of the panic stems from liquidity needs rather than conviction.

Related: Bitcoin ETFs bleed $866 million in second-worst day on record, but some analysts are still optimistic

Kiyosaki says he will buy more Bitcoin after the crash

In a follow up placeKiyosaki doubled down on his long-term stance. “I will buy more Bitcoin when the 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 their board game, saying that learning together helps people avoid mistakes.

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

Related: Crypto sentiment index drops to lowest point since February

Santiment Warns Bitcoin Bottom Call

As Cointelegraph reported, Santiment urges traders Be careful as social media fills up with claim that Bitcoin already has the bottom. The analytics firm said widespread confidence in a market plateau often precedes further declines, noting that Bitcoin’s brief dip below $95,000 on Friday sparked a wave of posts suggesting the worst is over.