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- Robert Kiyosaki has signaled a buying opportunity for Bitcoin, warning that America is bankrupt with a staggering $230 trillion in debt.
- This follows confirmation from Donald Trump that he plans to impose a 25% tariff on imports from the European Union, escalating global trade tensions.
As the cryptocurrency market experiences renewed volatility, Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has once again voiced his support for Bitcoin. In a bold declaration on X, he reinforced his belief in Bitcoin as a hedge against economic turmoil, calling the ongoing price drop a buying opportunity rather than a cause for concern. The author argued that the real problem isn’t Bitcoin, but he blamed the U.S. government, its monetary policies, and the banking system for the country’s financial instability.
According to Kiyosaki, America is bankrupt, with its total debt, including social programs like Medicare and Social Security, surpassing $230 trillion. He warned that U.S. bonds are becoming worthless, and if major foreign investors like Japan and China stop buying them, inflation will skyrocket, crashing both the economy and the U.S. dollar.
Despite the current downturn, Kiyosaki remains unfazed, stating that he smiles and buys more Bitcoin whenever it crashes. He views Bitcoin as “money with integrity,” unlike fiat currencies, which he calls “fake money” and a thief. For him, dips in the market are chances to accumulate more Bitcoin, gold, and silver, reinforcing his long-held belief that hard assets are the best defense against financial collapse.
In a separate post, Robert Kiyosaki reaffirmed his confidence, stating that if BTC’s price crashes, he won’t sell but will instead buy more. He believes that as the “Everything Bubble” bursts, Bitcoin will be the fastest to recover and reach new all-time highs. His remarks come amid heightened global economic uncertainty and increased fears of a financial crisis.
GIANT CRASH????
If there is a giant crash…. Of the often times called “the EVERYTHING BUBBLE,” stocks and bonds, real estate, gold and silver and Bitcoin will crash with it.
Q: If it crashes will I sell my Bitcoin?
A: NOIf the price of Bitcoin crashes I will back up the…
— Robert Kiyosaki (@theRealKiyosaki) February 20, 2025
Trump’s 25% Tariff on EU Imports
While Bitcoin faces volatility, President Donald Trump has further shaken global markets by announcing a 25% tariff on imports from the European Union (EU). As we reported, the European Commission quickly responded, promising to “react firmly and immediately” against what it considers unjustified trade barriers.
“They don’t accept our cars. They don’t accept, essentially, our farm product. And we accept everything of them,” Trump stated, further claiming, without evidence, that the EU was created “in order to screw the United States.”
Currently, the EU imposes a 10% tariff on vehicle imports, which is four times higher than the 2.5% tariff the U.S. applies to passenger cars, while Trump has imposed a 10% tariff on all Chinese imports, citing China’s failure to curb fentanyl trafficking. Meanwhile, the White House still plans to implement 25% tariffs on imports from Canada and Mexico next week, adding further uncertainty to global trade.
Amid the trade tensions, Bitcoin is trading at approximately $84,814, reflecting a 4.7% decline in the past 24 hours and an 11.24% drop over the past week. Its trading volume has slightly decreased by 2.14%, settling at $70.61 billion. Ethereum has also suffered, experiencing a 4.93% drop in the last 24 hours and a 13% decline over the past week.
