Kiyosaki Warns of Bitcoin Bubble, Pauses Buys at $120K
Robert Kiyosaki, author of Rich Dad Poor Dad, initially celebrated Bitcoin hitting $120,000 but has since paused new buys amid warning signs of an asset bubble. He cautions that overheated market sentiment could trigger sharp corrections across Bitcoin, gold and silver. Bitcoin dominance has fallen from 67% to 61% as altcoins such as Ethereum (ETH) and XRP (XRP) gain ground in an emerging altcoin season. Despite no peak signals from 30 market cycle indicators and continued inflows from institutions, retail and governments, Kiyosaki advises disciplined entry points, buying small amounts—even satoshis—on major price dips rather than chasing highs. He remains long-term bullish on Bitcoin, forecasting a rise to $1 million, but urges traders to manage greed, use strict risk controls and diversify assets to navigate potential market volatility.
Bearish
Kiyosaki’s warning of an imminent Bitcoin bubble and his decision to pause buys at $120K are likely to reinforce cautious sentiment among traders. In the short term, this could trigger profit-taking and increased volatility as investors await clearer buy signals. Mid-term, a disciplined dip-accumulation strategy may stabilize price dips, but the immediate impact remains bearish as market participants adjust risk exposure. Long term, his continued optimism toward a $1 million Bitcoin price supports a neutral to bullish outlook if corrections are managed and institutional inflows persist.