Kiyosaki Explains Why He Bought More Bitcoin and Gold in Latest X Post #CriptoNews

Bitcoin’s price is falling, but Robert Kiyosaki isn’t worried. In fact, he’s buying more.

In a recent X post, Robert Kiyosaki Robert Kiyosaki Robert Toru Kiyosaki is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books Content Creator / Influencer author of Rich Dad Poor Dad and a well-known investor, shared his thoughts on Bitcoin’s latest dip. He answered a common question from his followers – why does he keep buying Bitcoin and gold? His response was simple: he believes they are far safer than holding cash.

Meanwhile, Bitcoin’s price is on the move, and U.S. states are making bold moves in the crypto space. Here’s what’s happening.

Kiyosaki’s View Sparks Debate

Kiyosaki’s stance received mixed reactions. One X user suggested Litecoin as a better investment, calling it “digital silver.” This was notable since Kiyosaki has previously expressed a strong preference for physical silver, particularly coins. Another user argued that Bitcoin has a major flaw—its value is still tied to the U.S. dollar, which Kiyosaki has often criticized.

Bitcoin Dips, But Kiyosaki Stays Confident

Bitcoin has dropped 4.25% in the past 24 hours, now trading at $96,145 after briefly touching $100,000 following a weaker-than-expected non-farm payrolls report.

Despite the dip, Kiyosaki remains bullish. On February 3, as Bitcoin fell from $98,000 to $92,200, he took to X, calling it a buying opportunity. He believes Bitcoin, silver, and gold are now “on sale” and sees the price drop as a chance to accumulate more.

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U.S. States Move Toward Crypto Investments

In a historic step, Utah became the first U.S. state to pass a bill allowing public funds to be invested in crypto. Now, Kentucky and Maryland are following suit. While the push for a Bitcoin strategic reserve is mostly led by Republicans at the federal level, individual states are shaping their own investment plans.

This week, Maryland introduced a bill to create a Bitcoin strategic reserve, similar to a proposal by Senator Cynthia Lummis. It would be funded through gambling violation enforcement revenue.

Meanwhile, Kentucky proposed two bills allowing state retirement funds to be invested in digital asset exchange-traded funds (ETFs).

Kiyosaki is doubling down, states are stepping up, and the crypto market keeps evolving. Good times ahead!