Robert Kiyosaki is once again advising calm, stating he has no intention of selling his Bitcoin despite the market’s sharp decline this week. In his public remarks, the financial author attributes the recent drop to people needing immediate cash rather than any fundamental change in Bitcoin’s long-term worth. He plans to wait until the market stabilizes before making any moves.
Kiyosaki’s patience stems from his financial independence; he doesn’t depend on selling assets for daily expenses. His earnings from real estate and private investments provide a steady income, reducing the urge to sell during turbulent times. “Bitcoin crashing? Am I selling? No, I am waiting!” he posted on X.
He has shared lessons from past mistakes during downturns, admitting he often panicked at inopportune moments. These experiences, he says, taught him valuable insights about handling financial fear and failure that aren’t typically covered in school. He believes personal errors are more instructive than theoretical lessons.
Bitcoin’s price recently dipped to around $95,000, a six-month low, following a 10% weekly decline. This drop was partly driven by weakness in AI and tech stocks, which led investors to retreat from riskier assets. The swift downturn sparked concerns about whether it was a temporary setback or a more significant issue.
Despite nearly $900 million in Bitcoin long positions being liquidated during the fall, analysts note this represented less than 2% of total open interest. This limited the spillover effects compared to the sell-off on October 10, preventing a broader market breakdown. Data from Coinglass shows that in the last 24 hours, 92,658 traders liquidated positions totaling approximately $149.65 million.
Kiyosaki intends to buy more Bitcoin once the market calms down, citing the fixed supply of 21 million coins as a key factor for its long-term potential. He also recommends that owners of his Cashflow board game form small study groups to build confidence during market volatility.
Reports indicate the market is cooling after recent losses, with selling pressure linked more to liquidity needs than a loss of faith in cryptocurrency. While liquidity issues can cause rapid price declines, they often reverse when buyers return. The current figures—a 10% weekly drop and around $900 million in liquidations—reflect pressure but not widespread panic.
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about the topic Kiyosaki Holds FirmNo Plans to Sell More Bitcoin Purchases Expected
Beginner General Questions
1 Who is Robert Kiyosaki
Robert Kiyosaki is a wellknown author and investor most famous for his book Rich Dad Poor Dad He is a prominent financial educator who often shares his views on money investing and the economy
2 What does Holds FirmNo Plans to Sell mean
It means that despite any price drops or market uncertainty Kiyosaki is committed to keeping his Bitcoin investment and is not planning to sell it in the foreseeable future
3 Why is he so confident in Bitcoin
Kiyosaki sees Bitcoin as a hedge against inflation and a failing traditional financial system He believes that unlike governmentprinted money Bitcoin is a reliable store of value similar to gold
4 What is a Bitcoin purchase
A Bitcoin purchase is simply the act of buying Bitcoin the worlds first and largest cryptocurrency through a cryptocurrency exchange or trading platform
5 Is Kiyosaki only buying Bitcoin
No he often recommends a portfolio that includes not just Bitcoin but also gold and silver which he calls Gods money as a way to protect against economic instability
Advanced Strategic Questions
6 What is the greater fool theory and does Kiyosakis strategy contradict it
The greater fool theory suggests you can profit from an overvalued asset by selling it to a greater fool Kiyosakis hold and accumulate strategy is the opposite its a longterm belief in Bitcoins fundamental value not just its resale price
7 How does his stance impact market sentiment
As a influential figure his public commitment to holding and buying more can boost confidence among other investors potentially reducing panic selling during downturns and reinforcing a longterm bullish outlook
8 What are the risks of following a never sell strategy
The main risk is volatility Bitcoins price can experience severe crashes A never sell approach requires a strong conviction that it will recover and grow over the very long term which is not guaranteed