Robert Kiyosaki: “Sell Gold, Buy Bitcoin” — Market Updates as $BTC & $ETH Declined 📉🚨
Robert Kiyosaki, author of Rich Dad Poor Dad, has urged investors to sell gold and buy Bitcoin, arguing that Bitcoin’s fixed supply makes it superior to gold and fiat currencies as central banks keep printing money ⚠️. He says only 21 million Bitcoin can ever exist, while gold can theoretically be mined indefinitely — a view he believes favors BTC over traditional stores of value.
Kiyosaki warns that fiat currencies like the US dollar will keep losing value, hitting cash holders hardest. Critics noted that gold still has physical and intrinsic qualities where Bitcoin is just a computer code and it does not have intrinsic value, but Kiyosaki’s message has created debate among traders and investors 💬.
Technical outlook - Bitcoin: The full downward trend in Bitcoin continues. Analysts still target $57,500 (the 61.8% Fibonacci retracement of a three‑year uptrend) as a key downside level, with nearer support at $65,600 and a move below that possibly pushing $BTC toward $62,600 and even $60,100 📉. Several bearish FVGs on lower timeframes may offer opening short position opportunities, and clear reversal signs are not yet visible.
Technical outlook — Ethereum: Ethereum’s downtrend is forming, driven by a persistent weekly bearish order block (OB). Since that pattern appeared, ETH has fallen about 55% (roughly $2,500). A short-term corrective bounce is possible, but medium‑term bias remains bearish with targets down to $1,400 ⚠️. Traders may use 4‑hour bullish setups for trades but should avoid chasing corrections.
Kiyosaki’s bold call fuels discussion, but there is clear sign of technical weakness in both BTC and ETH. Investors should stay cautious, watch key support levels ($57,500 for BTC, $1,400 for ETH), and manage risk carefully 💰.
Follow for more updates on crypto market @TZ_Crypto_Insights
#MarketRebound #Robertkiyosaki #BTCVSGOLD #Ethereum #bearishmomentum