Bitcoin and Gold prices have been in focus recently, with Bitcoin failing to recover above $90,000 after a bearish market. The cryptocurrency has fallen by 0.89% in the past 24 hours and by 6.89% in the previous week.
Meanwhile, the price of Bitcoin hovers arond $89,000, and Ethereum price traded below $3,000. Gold, however, shows strong momentum at $4,915 following a 4-day surge, after hitting an all-time high of $4,967. Despite the fluctuations, Robert Kiyosaki remains unfazed by price movements in both assets.
Robert Kiyosaki: Here’s Why Bitcoin and Gold Prices Aren’t a Concern
Robert Kiyosaki, financial educator and investor, shared his views on precious metals and cryptocurrencies in a tweet. He said that he did not care about the fluctuations of daily prices of gold, silver, Bitcoin, and Ethereum.
Kiyosaki was able to clarify his viewpoint as influenced by economic trends, including the increased US national debt and declining purchasing power of the dollar. He suspects that such causes render short-term price fluctuations as insignificant to his investment policy.
He also attacked the leadership of the Federal Reserve and the US Treasury labeling them as incompetent, highly educated PhDs. Kiyosaki says that their policies do not work against the economy.
Nevertheless, Kiyosaki recommends gold, silver, Bitcoin, and Ethereum investment. He views these assets to be protection against the volatility of conventional financial systems. Kiyosaki is also a long-term oriented author, but not short-term.
Bitcoin Price Faces Pullback as Gold Hits New Heights
Bitcoin and Gold have recently seen significant market shifts, reflecting varying investor sentiment. Bitcoin price dipped to $89,322, marking a 0.27% decrease after a week of market correction following a rally that briefly pushed the price above $95,000.
This slowdown has impacted the crypto market, where the total market value is likely to hit a new low below the $3 trillion mark. Moreover, the Crypto Fear & Greed Index fell to the extreme fear of 24, compared to the previous week when it was at the neutral level of 49.
The external forces that have added to the pressure on Bitcoin include the recent tariffs. Although President Trump has abandoned tariffs associated with Greenland.
The Bitcoin price may drop to even lower levels and may hit to $87,000 or even $85,000 in case the bearish exert more pressure.
Nonetheless, with the potential of a further increase to $90,000, maybe even beyond, it is possible that the Bitcoin long-range prediction will be fulfilled through a reversal to the bullish momentum.
U.S. spot Bitcoin ETFs suffered the most weekly outflows of $1.22 billion since November, as per SoSoValue.
Source: SoSoValue dataWill Gold Price Hit $5000 Soon?
In contrast, Gold price has reached new all-time highs, with prices surging past $4,900 for the first time ever. Spot gold rose by nearly 2%, hitting $4,954 per ounce.
This strength was also reflected in Silver, which has increased by 3% to hit a high of $96.57 per ounce. Through these events, gold is vigorously remaining, as it is gaining momentum and is under massive investor pressure.
In conclusion, Robert Kiyosaki is not concerned with Bitcoin and gold price fluctuations in the short-term. He concentrates on economic trends in the long-term such as increasing debt and a falling dollar value, and he champions these assets as a hedge against economic uncertainty and poor government policy.
Source: https://coingape.com/trending/why-robert-kiyosaki-says-he-doesnt-care-if-bitcoin-or-gold-prices-go-up-or-down/
