Prominent investor and author Robert Kiyosaki has reiterated his unwavering commitment to Bitcoin and precious metals, dismissing concerns over short-term price volatility. In a recent post on X, Kiyosaki stated, "Do I care when the price of gold silver or Bitcoin go up or down? No. I do not care." He argues that these assets serve as crucial hedges against inflation and the debasement of the US dollar, fueled by the ever-increasing national debt.
Kiyosaki's long-term conviction remains firm, despite critics pointing to his mixed track record on market timing. He has frequently warned of financial system failures and currency collapses, with many predictions not materializing as forecasted. Nonetheless, his broader thesis favoring scarce assets like Bitcoin has gained traction as the cryptocurrency matures into a mainstream investment.
Separately, Dogecoin co-creator Billy Markus offered a sarcastic take on the recent market downturn. Commenting on a surge in gold and silver prices, Markus shared a meme stating, "Just sold my crypto yesterday to buy gold and silver." This was in response to a report from The Kobeissi Letter noting that gold and silver erased "$1.7 trillion of market cap in 90 minutes," calling it "one of the largest reversals in history."
The context is a sharp crypto market correction. Between the reported Monday and Sunday, Bitcoin's price fell nearly 8%, from approximately $93,300 to around $86,400. It briefly recovered to $88,720 before falling back to the $88,000 level. Concurrently, Kiyosaki celebrated gold breaking above $5,000 per ounce for the first time and predicted a future price target of $27,000.
