Bitcoin investors are bracing for volatility as financial expert Robert Kiyosaki forecasts a significant downturn in the cryptocurrency market. His prediction is tied to the imminent rollout of tariffs by former President Donald Trump, set to take effect on February 1, 2025. Kiyosaki believes that these tariffs will stir up market volatility, affecting assets like Bitcoin, gold, and silver.
As the Bitcoin price stands at $102,222, currently down 2.17%, Kiyosaki suggests that the price could crash soon due to the heightened economic pressure from the tariffs. Bitcoin has been trading in a tight range between $101,000 and $106,000, and breaking out of this range could lead to a significant price shift.
Kiyosaki’s Take on Tariffs and Market Reactions
In a recent post on X (formerly Twitter), Robert Kiyosaki expressed his concerns about the market impact of Trump’s tariffs, which will target several sectors. He specifically warned that assets such as Bitcoin, gold, and silver may experience substantial price declines as a result. However, Kiyosaki remained optimistic about the long-term prospects, viewing these declines as a chance for accumulation. He wrote:
“TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.”
Kiyosaki’s stance aligns with his long-term investment philosophy. Despite the potential short-term price drops, he sees crashes as opportunities for savvy investors to buy assets at discounted prices.
Glassnode’s Analysis: Key Bitcoin Support Levels
While Kiyosaki’s prediction raises concerns, blockchain analytics firm Glassnode has also weighed in on Bitcoin’s price dynamics. According to Glassnode, there is a critical price cluster for Bitcoin, located between $94,000 and $101,000. This range represents a dense supply zone where a large number of BTC transactions have occurred in the last 45 days.
This supply zone makes the $98,000 level a crucial support zone for Bitcoin. If Bitcoin’s price stays above this level, it could continue to see upward momentum. However, a drop below $98,000 could open the door to further declines, potentially pushing Bitcoin as low as $90,000 or lower, depending on broader market reactions.
The Trump Tariffs: What’s at Stake for Bitcoin?
Starting on February 1, 2025, President Trump’s new tariffs are expected to further fuel market volatility, affecting not just traditional markets but also the cryptocurrency space. While Trump has maintained that the tariffs will lead to long-term benefits, many investors are bracing for short-term disruption.
The tariffs are part of Trump’s broader economic strategy to exert pressure on key sectors, including tech and manufacturing. Trump has already stated plans to impose tariffs on chip exports to China, which has raised concerns about supply chain disruptions, particularly for industries like technology, which heavily depend on microchips.
For Bitcoin, these macroeconomic disruptions can translate into increased volatility, as investors seek to hedge against potential risks. As Bitcoin remains sensitive to broader economic factors, the looming tariffs could play a key role in the coming market movements.
A Rocky Road Ahead for Bitcoin?
While Bitcoin has demonstrated remarkable resilience in recent months, holding steady above the $100,000 mark, the combination of rising tariffs and market uncertainty could create turbulence in the short term. Bitcoin’s price movements have been relatively stable within a defined range, but Kiyosaki’s prediction and Glassnode’s support levels suggest that a breakout—either up or down—may be imminent.
As the market faces potential short-term corrections, investors will be watching closely to see if Bitcoin can hold its ground above critical support levels, or if tariffs and economic pressures will push the cryptocurrency into a steeper decline.
Conclusion: Opportunities Amid the Chaos?
For investors like Robert Kiyosaki, market downturns are often viewed as opportunities to buy more assets at discounted prices. While Bitcoin’s price may experience some turbulence as Trump’s tariffs take effect, those with a long-term outlook may see a price crash as a chance to accumulate Bitcoin at lower prices.
The upcoming market volatility could reveal new opportunities for investors willing to navigate the storm, but it also presents significant risks for those with less conviction. As always, the key to surviving in the world of cryptocurrency lies in staying informed and adapting to the ever-changing market dynamics.
Get the latest Crypto & Blockchain News in your inbox.