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Blood in the Streets: Why Market Veterans Like Kiyosaki Are Smiling and Loading Up
The recent bloodbath in the crypto market has left many investors reeling, with the price of Bitcoin plummeting below $83,000 and reaching a 25% decline from its January peak. However, some seasoned market players are viewing this dire situation as an opportunity to pounce on the dip.
Noted investor Robert Kiyosaki is one such individual who has been vocal about his affinity for Bitcoin. In a recent tweet, he highlighted that “a 30% correction in a Bitcoin bull cycle is common.” This sentiment mirrors a similar downturn experienced by Bitcoin in 2021, which ultimately culminated in an all-time high.
Kiyosaki’s optimism is not unfounded, as data suggests that the cryptocurrency’s long-term performance remains robust. While its growth rate may have slowed in recent years, it still outperforms traditional assets like gold and stocks by a significant margin.
In tandem with this contrarian viewpoint are indicators from the Cryptoasset Sentiment Index, which has flashed a massive buy signal for Bitcoin. This contrarian indicator suggests that extreme fear often precedes market rebounds, implying that the current bearishness may be unwarranted.
Furthermore, an examination of on-chain data reveals that long-term holders have been accumulating nearly 20,400 BTC during the recent sell-off, indicating a potential accumulation of assets by savvy investors. This trend is reminiscent of similar occurrences seen in the past where Bitcoin’s value has rebounded significantly following a market downturn.
Moreover, some analysts are pointing to broader market concerns as being partly responsible for the recent price drop. The announcement of 25% tariffs on European Union goods by President Trump has stoked fears of an impending trade war, which has had a ripple effect across traditional markets.
These factors have led some market veterans to capitalize on the dip, recognizing that the cryptocurrency’s fundamental value remains strong. This perspective is reflected in the recent surge of Pi (PI) Coin, which has risen 80% following a Binance listing vote.
In conclusion, while the current situation may seem bleak for many investors, it is important to recognize that Bitcoin’s long-term trajectory remains steadfastly positive. As such, market veterans like Kiyosaki are choosing to load up on this dip, and investors would be wise to follow suit in the face of extreme fear.
