Robert Kiyosaki, author of the best-selling financial self-help book “Rich Dad, Poor Dad,” has a message for investors during this market crash: Buy Bitcoin. Kiyosaki believes it’s never too late to start, regardless of the cryptocurrency’s price, and that Bitcoin’s design makes it a valuable store of value.
In a post on X (formerly Twitter), Kiyosaki said Bitcoin’s design makes it “never too late to start” no matter the cryptocurrency’s price. He said Bitcoin is a store of value, which gives its holders the potential to become rich. The author reiterated his advice to acquire more BTC and cautioned investors against greed.
Leveraged Trading and Liquidations
An investor pointed out that market participants made profits from spot Bitcoin trading but had massive losses from leveraged trading, which can go as high as 125x on certain digital asset trading platforms. Coinglass data shows $839 million in liquidations in the past 24 hours, with $687 million in longs wiped out.
Read also: Bitcoin to $350K in 2025? Trump’s Backing and Market Trends Point to a Surge
CoinMarketCap data shows Bitcoin reached a daily high of $102,748.15 and then crashed to its daily low of $95,587.68 in the past 24 hours. However, buyers took over, and the leading cryptocurrency traded at $97,073.02, down by more than 4% in the past day
Blockchain analysis platform Santiment reports that talk about buying the current market dip is at its highest point in over eight months. The firm said BTC has climbed 81% since August 4, the last time investors were this excited about buying the dip.
A similar effect could happen this time, too. The US Fed’s projection for fewer rate cuts in 2025 caused BTC and altcoins to crash. The market is cooling down before the next leg up.
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