Bitcoin recently registered a 5.26% price decline to $112,250 before rebounding to $114,492 amid ongoing market volatility. Financial author Robert Kiyosaki anticipates potential declines pushing Bitcoin below $90,000 this month, framing it as a strategic buying opportunity. Kiyosaki publicly declared he would double his Bitcoin exposure if prices breach this threshold.
The ‘Rich Dad Poor Dad’ author attributes Bitcoin’s instability to macroeconomic pressures, specifically citing the U.S. national debt exceeding $30 trillion and expansive monetary policies from the Federal Reserve. He advocates investors view significant pullbacks as favorable entry points.
Simultaneously, Japanese investment firm Metaplanet expanded its cryptocurrency reserves by acquiring 463 BTC, raising its total holdings to 17,595 BTC valued at roughly $1.8 billion. This acquisition solidifies Metaplanet’s position as the fifth-largest institutional Bitcoin holder worldwide, trailing behind market leader Strategy. Year-to-date, Metaplanet’s Bitcoin strategy has yielded an exceptional 459.2% return.