- BTC’s volatility caused panic selling as some investors saw an opportunity and bought more.
- Kiyosaki criticized BTC sellers, predicting prices will soar if Trump starts accumulating.
- Bitcoin is recovering as traders remain divided over its next price trajectory.
Bitcoin volatility has attracted mixed sentiments among investors, with some panicking and selling the BTC while others are buying the dip. Financial author Robert Kiyosaki said those who sold in the recent crash are ‘losers’ and they will regret their actions. Further, Kiyosaki stated that if President Donald Trump accumulates Bitcoin, the price will skyrocket.
Bitcoin’s Sharp Price Swings
Towards the end of February, Bitcoin drastically declined from its high of $90,000 to around $78,200. This led to confusion in the market as many investors started to sell their assets to minimize their losses. Intense selling continued as traders panicked, causing Bitcoin to drop to its lowest in weeks. However, the price of Bitcoin soon began to rise, marking the beginning of a very volatile trading period.
By March 2, Bitcoin had risen significantly and was trading at $95,050 due to a strong upsurge. This came after Trump officially declared his intention to bring in a strategic reserve that will include top cryptocurrencies including Bitcoin, Ethereum, XRP, Cardana, and Solana. His statement boosted the bulls as investors saw it as institutional backing.
Related: Bitcoin’s 2025 Outlook: New Highs or Six-Year Cycle Repeat?
The increase in Bitcoin price was short-lived as it dropped the following day to a much lower value. After the spike caused by Trump, people started to close their positions leading to a price cut to $82,000. This led to many investors being caught on the wrong side of the price, as some expected the price to increase.
Kiyosaki Stands for Bitcoin
Kiyosaki remained firm in his stance that selling Bitcoin during the crash was a poor decision. He argued that those who held onto their Bitcoin or bought more during the dip would ultimately be winners. He revealed that he increased his Bitcoin holdings, confident that the asset will soar when Trump’s administration begins accumulating it.
As of press time, Bitcoin bounced back and is trading at $90,063, a 7.33 increase in the last day. Currently, market sentiment is still mixed, with some traders expecting the market to get to a new high while others are preparing for another pullback. The following days may prove to be decisive for Bitcoin to continue its climb higher or to enter another phase of fluctuations in its value.
