Sonny S. Watts YEREVAN (CoinChapter.com) — Bitcoin price is under pressure, raising concerns among investors. However, figures like Ripple CTO David Schwartz and Robert Kiyosaki believe this is a good moment to buy Bitcoin (BTC).
The crypto market has seen similar cycles before, and Bitcoin has historically rebounded. Factors like the rising M2 money supply and Michael Saylor’s plan to buy more BTC are shaping market sentiment.
Ripple CTO David Schwartz on Bitcoin’s Market Dip
The recent decline in Bitcoin price has led to different opinions in the crypto community. David Schwartz, Ripple’s Chief Technology Officer, commented on the situation.
“Looks like a buying opportunity to me. There are two kinds of Bitcoiners in the world, those that care about the answer to that question [why would I buy Bitcoin] and those who don’t. I’m 100% okay with both kinds,”
Schwartz stated.
Schwartz’s remarks come as the crypto market faces volatility. He has previously spoken about Bitcoin’s long-term value, and his latest statement suggests confidence despite short-term market movements.
Michael Saylor’s $21 Billion Bitcoin Strategy
Michael Saylor, co-founder of MicroStrategy, is making a move to increase his company’s Bitcoin holdings. He announced a $21 billion stock sale, with proceeds intended for BTC purchases.
MicroStrategy has been one of the largest corporate holders of Bitcoin (BTC). The decision to raise additional funds reinforces its ongoing accumulation strategy.
Meanwhile, Bitcoin miners have been selling their holdings, increasing market supply. At the same time, Donald Trump’s recent comments on a possible economic recession have affected investor sentiment.
Robert Kiyosaki Compares Bitcoin Drop to 2008 Crash
Robert Kiyosaki, known for his financial views, shared his perspective on the Bitcoin price drop. He linked the current situation to the 2008 financial crisis, where market panic led to major asset sell-offs.
“The everything bubble is bursting. I am afraid this crash may be the biggest in history. It is normal to be disturbed and fearful. Just do not panic. In 2008, I waited, letting the panic and dust settle and then started to look for great real assets on sale at deep discounts. This crash the world is going through just might be the opportunity of your lifetime,”
Kiyosaki said.
Kiyosaki has previously mentioned Bitcoin (BTC) as a hedge against traditional financial risks, and he continues to emphasize its long-term potential.
Bitcoin Market Trends and Institutional Interest
The crypto market has seen similar corrections before, with Bitcoin price rebounding in past cycles. Analysts like Arthur Hayes anticipate a short-term drop, but historical data shows that Bitcoin has recovered from previous downturns.
The M2 money supply is increasing, adding liquidity to financial markets. Institutional interest in Bitcoin (BTC) remains active, with companies like MicroStrategy continuing to buy.
Market factors are influencing sentiment, with figures like Schwartz, Kiyosaki, and Saylor making their positions clear on Bitcoin’s price movement.
