Robert Kiyosaki Reveals Reason for Crypto Market Crash

The cryptocurrency market has been rocked by a dramatic crash, leaving investors on edge as $712 million in liquidations amplify the turmoil. Bitcoin, which recently crossed the $100,000 mark, is now under intense pressure after a sharp pullback. Concerns about upcoming economic events, including the release of the Federal Reserve’s FOMC minutes and U.S. jobs data, added to market uncertainty. Analysts warn that Bitcoin’s trajectory could worsen if it fails to hold the critical support level of $95,668.

Scheduled to be released today, the December FOMC minutes are expected to further shake up the market. Experts point out that economic indicators such as labor market data will play a central role in shaping investor sentiment, making it a crucial week for traders.

Robert Kiyosaki’s take on the crash

Amid the turmoil, financial author and Bitcoin advocate Robert Kiyosaki, best known for Rich dad, poor dadweighed on the accident. Kiyosaki linked the slowdown to policies stemming from the 2008 financial crisis, particularly decisions by then-Fed Chairman Ben Bernanke.

He criticized the focus on banker bonuses at the expense of the economy as a whole, drawing parallels with current financial woes in sectors like housing, retail and automobiles.

The long-term potential of Bitcoin

Despite the bear market, Kiyosaki remains steadfast in his belief in Bitcoin, gold and silver. He sees the current decline as an opportunity for investors to create wealth by acquiring these valuable assets.

Even as the price of Bitcoin fell nearly 6% to $95,845, and trading volume soared 36% to $66 billion, Kiyosaki called the decline “good news.” His optimism is rooted in Bitcoin’s scarcity, with only 2 million Bitcoins left to mine, reinforcing its status as “digital gold.”

• Read also:
• South Korea Allows Businesses to Invest in Crypto: What’s Next?
• ,

The sell-off continues to weigh heavily on traders, with $561 million in long positions liquidated as markets opened today. Binance recorded the largest liquidation order, totaling $17.74 million in ETH/USDT.

Altcoins suffer significant losses

The crash did not spare other cryptocurrencies. Ethereum plunged more than 8%, Solana more than 9%, and XRP 5%. As investors prepare for more volatility, market participants are closely monitoring economic developments to navigate these choppy waters with minimal risk.

The crypto market may be down, but with Bitcoin’s limited supply and growing investor interest, it’s clear the comeback will be more powerful than ever.