Bitcoin is navigating a turbulent phase, with the price hovering around $102,360, down 2%, as fears over Donald Trump’s tariff policies weigh on global markets. Robert Kiyosaki, the famed investor and author of Rich Dad Poor Dad, warns that Bitcoin, gold, and silver could witness a significant crash as these tariffs take effect.
However, Kiyosaki sees this as an opportunity rather than a setback. In a post on X, he stated:
“TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse.”
Key Support and Resistance Levels
Market analysts are closely watching Bitcoin’s price action. Glassnode, a blockchain analytics firm, highlights that Bitcoin has formed a strong price cluster between $94,000 and $101,000, with $98,000 acting as a key support level. If Bitcoin drops below this threshold, a further decline to $90,000 or lower could be in play.
Conversely, Bitcoin’s recent range between $101,000 and $106,000 suggests that a breakout above this zone could trigger stronger bullish momentum.
Arthur Hayes Predicts a ‘Mini Financial Crisis’
Arthur Hayes, former CEO of BitMEX, shares a similar bearish short-term outlook. He predicts a “mini financial crisis” that could temporarily push Bitcoin down to $70,000 before catapulting to an all-time high of $250,000 in a future bull run. Hayes’ projection aligns with broader macroeconomic uncertainties, including US Federal Reserve policies and inflation concerns.
Market Braces for Volatility
With Trump’s tariffs officially coming into effect on February 1, investors are preparing for heightened market fluctuations. Despite short-term disruptions, Trump remains confident in the long-term benefits of his trade policies. Meanwhile, the US Federal Reserve has maintained steady interest rates, adding another layer of uncertainty for risk assets like Bitcoin.
For now, Bitcoin remains above the critical $100K level, signaling resilience. Whether Kiyosaki’s prediction materializes or Bitcoin defies the odds remains to be seen. One thing is certain—the crypto market is in for an exciting and unpredictable ride.
