Robert Kiyosaki isn't budging. Despite Bitcoin (BTC) taking a beating recently, the "Rich Dad Poor Dad" author posted Saturday that he's keeping his cryptocurrency holdings intact.
Why He's Standing Pat
Kiyosaki's reasoning is straightforward: he doesn't need the cash right now. While acknowledging the market's turbulence, he's holding onto his assets including Bitcoin. He chalks up the decline to global cash demand, but since liquidity isn't an issue for him personally, selling isn't on the table.
"Simply said…..if you are fearful and need cash….as most of the world does…. You may want to sell your best assets and go to cash," he added.
He's betting on a scenario outlined in Lawrence Lepard's "The Big Print," where hard assets like gold, silver, Bitcoin, and Ethereum (ETH) appreciate as fiat currencies lose purchasing power. It's the classic inflation hedge argument, and Kiyosaki is sticking to it.
Lessons From Past Panic
Kiyosaki admits he's been through this emotional rollercoaster before. He's panicked and made mistakes in the past, but those experiences taught him "priceless personal financial lessons" that traditional education doesn't cover. That hard-won wisdom is apparently keeping him calm this time around.
"I do not trust stocks or bonds but if you do….like Warren Buffet…do what is best for you," he said.
Where Bitcoin and Ethereum Stand
Bitcoin started 2025 at $93,463, dipped below that level earlier this week, then bounced back. At the time of writing, it was trading around $95,871, up approximately 2.6% year-to-date.
Ethereum opened the year at $3,331 and was hovering around $3,209 at press time, down 3.7% year-to-date.
The Broader Picture
Bitcoin's recent volatility is part of a wider cryptocurrency selloff. On Thursday, Bitcoin fell below the psychologically important $100,000 mark, even as optimism about the end of the U.S. government shutdown circulated. Heavy net outflows from spot Bitcoin ETFs contributed to the decline, removing the institutional buying pressure that had been propping up prices.
The drop has reignited debate about Bitcoin's four-year halving cycle. Analysts like Scott Melker are wondering if the pattern is losing its predictive power. Historically, markets peak 12-18 months after a halving event, but we're now over 1,080 days past the last low without the expected euphoria phase materializing.
Meanwhile, economist Peter Schiff couldn't resist weighing in, posting a poll asking Bitcoin supporters how far the price needs to fall before they admit he was "right" all along. The crypto wars continue.