Renowned author and investor Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has publicly announced the purchase of an additional whole Bitcoin at approximately $67,000. This move comes as Bitcoin's price has retreated significantly from recent highs near $90,000-$110,000, testing a critical long-term support level around $60,000.
Kiyosaki outlined two primary reasons for his purchase in a social media post. First, he anticipates a "Big Print" scenario, where the U.S. Federal Reserve will be forced to print "trillions in fake dollars" to manage the escalating national debt, leading to further devaluation of the U.S. dollar. He refers to the Fed as "The Marxist Fed" in this context. Second, he emphasizes Bitcoin's fixed supply cap of 21 million coins, noting that the final Bitcoin is getting closer to being mined. He argues this absolute scarcity will ultimately make Bitcoin a superior hedge to gold once issuance fully ends.
This purchase aligns with Kiyosaki's long-standing public warnings about U.S. fiscal and monetary policy. He views Bitcoin as a critical hedge against inflation and currency debasement. The announcement has sparked mixed reactions, with some praising his long-term conviction and others questioning the timing given recent price volatility.
Technically, Bitcoin's price action is at a pivotal point. The weekly chart shows BTC trading within a multi-year ascending channel, with the lower boundary providing support near $60,000. A hold above this level is seen as crucial for maintaining the long-term bullish structure, while a break below could signal a deeper correction. Kiyosaki's purchase appears focused on the fundamental macro and scarcity narrative rather than short-term chart movements.
