Kiyosaki sees Bitcoin dip below $95K as buying opportunity

Bitcoin’s (CRYPTO:BTC) recent plunge below $95,000 has sparked caution among many investors, but for Robert Kiyosaki, the current downturn presents a prime opportunity to buy.

The cryptocurrency’s sharp drop of almost 8% over the past day has raised concerns in the market, but Kiyosaki remains optimistic.

In a recent post on X, the renowned entrepreneur and author of Rich Dad Poor Dad referred to Bitcoin’s dip as “great news.”

He views the price decline as a chance for investors to purchase Bitcoin at a discounted price, referring to it as being “on sale.”

Kiyosaki reiterated his belief in the strategy of “buying low and holding,” emphasising Bitcoin’s limited supply and the fact that fewer than two million BTC remain to be mined.

Kiyosaki, who has long advocated for Bitcoin as a hedge against inflation, has previously predicted that the cryptocurrency could surge to anywhere between $175,000 and $350,000 by 2025.

This forecast aligns with the outlook of other financial analysts, such as those from Bernstein, who have set a price target of $200,000 for Bitcoin by the end of 2025.

These projections reflect a broader belief in the crypto industry’s ongoing mainstream adoption.

While Kiyosaki remains positive, the recent price action of Bitcoin has been impacted by strong US labor market data, which triggered a risk-off sentiment in the market.

According to QCP Capital, Bitcoin’s retreat to the $95,000 support level followed the release of a job openings report showing more vacancies than expected.

This contributed to a broader sell-off across riskier assets, including Bitcoin, which saw $206 million in liquidations in just one hour.

Despite the current pullback, QCP Capital anticipates that this dip will be temporary, and optimism for a future rally remains.

Investors are now closely watching upcoming reports, including the Federal Open Market Committee (FOMC) and Non-Farm Payroll (NFP) figures, which could influence Bitcoin’s next move.

At the time of reporting, the Bitcoin (BTC) price was $94,995.76.