Bitcoin crashed nearly 8% on Friday falling to the $80,000 mark for the first time since early January. The broader cryptocurrency market turned red after BTC dipped with leading altcoins plummeting double-digits. BTC hovered around the $90,000 mark in mid-February but failed to hold on to its resistance level.

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Bitcoin BTC $80,333
Source: Coingecko

The Bitcoin crash is a gift to investors who want to take entry positions now, said author Robert Kiyosaki, who wrote the best-selling financial self-help book Rich Dad Poor Dad. According to the author, accumulating BTC at every dip and holding on to the long-term is the best way to create phenomenal wealth.

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“Bitcoin crashing. Bitcoin is on sale. I am buying. Why: The problem is not Bitcoin. The problem is our monetary system and our criminal bankers,” he wrote on X.

He continued educating his followers that Bitcoin cannot be controlled like the other leading forms of assets. “America’s bankrupt. Our debt, including social programs, such as Medicare and Social Security, including our $36 trillion debt, is over $230 trillion. Our US Bonds are a joke.”

“When countries such as Japan and China stop buying our bonds inflation will go through the roof. Our economy and the US dollar will crash. Those are a few of the reasons why when Bitcoin crashes, I smile and buy more. Bitcoin is money with integrity. Fake money is a thief. I’ll trade fake money for gold, silver, and bitcoin anytime they go on sale,” he said.

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What Next For Bitcoin?

bitcoin sky
Source: Watcher Guru

If Bitcoin does not recover from here, the chances of falling to the $76,000 level remain high. When that happens, fear could grip the market leading to lesser investments in BTC. The development could affect the overall cryptocurrency market and put a temporary stop to the bull run. It is advised to remain cautious during this period as BTC is a highly volatile asset.

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