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Bitcoin could be heading down a rough path, according to a crypto expert. As President Donald Trump enters his second week in office, a new policy buzzword has surprised many: tariffs.
As White House press secretary Karoline Leavitt shared, a 25% tariff will be imposed on Canada and Mexico, and another 10% duty in China, in response to the country’s fentanyl trade.
Stock markets responded negatively, and a few observers immediately offered their take, including Robert Kiyosaki, who speculated that Bitcoin’s price may crash soon.
In a shared post, Kiyosaki warned that Bitcoin, gold, and silver may crash as this triggers volatility. Bitcoin is trading above $101k, down by 2.7% from yesterday’s close.
BTC, Together With Gold And Silver, May Crash Following Tariff Announcement
Author and veteran investor Robert Kiyosaki shared his thoughts on the Trump administration’s plan to impose tariffs on several countries. Kiyosaki predicts that this new rule may trigger a slide in prices for top assets, including Bitcoin, gold, and silver.
TRUMP TARRIFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.
— Robert Kiyosaki (@theRealKiyosaki) January 31, 2025
In a Twitter/X post, Kiyosaki admitted that the new policy may cause extreme volatility. However, he also noted that it can be the perfect opportunity for investors and other buyers to buy these assets and boost their holdings. For Kiyosaki, market crashes translate to cheap assets for sale, which can benefit those looking to profit.
Dense Bitcoin Supply
Glassnode, a blockchain analytics company, offered its take on possible Bitcoin price clusters. According to its study, a considerable volume of Bitcoins was traded in $94k to $101k over the past 45 days.
The firm added that this development created a dense supply, with $98k possible support. It further added that if this Bitcoin support holds, then the asset’s price will likely surge.
Tariff News, Other Macroeconic Factors May Impact BTC, Other Assets
With the new tariffs taking effect on February 1st, analysts warn of extreme market volatility starting next week. The degree of crypto volatility may depend on the US jobs data released next week.
Trump admitted that while these new tariffs may cause short-term market disruptions, he isn’t concerned. Instead, he’s looking forward to the policy’s long-term economic benefits. Also, China’s DeepSeek has disrupted the country’s AI and tech sector, and Trump is ready to impose tariffs on exports from China.
Reversing the order of my tryptic essay series.
The Ugly will be published tomorrow morning. I am calling for a $70k to $75k correction in $BTC, a mini financial crisis, and a resumption of money printing that will send us to $250k by the end of the year. pic.twitter.com/XxT4VFyzu4
— Arthur Hayes (@CryptoHayes) January 27, 2025
Analyst Offers Price Targets For Bitcoin
Meanwhile, Arthur Hayes, another popular crypto analyst, echoed Kiyosaki’s sentiments. Hayes predicted that a mini financial crisis could occur, with Bitcoin crashing to $70,000. He further shared that Bitcoin may start another surge to $250k after hitting this bottom.
At the time of writing, Bitcoin was trading at $100,262, down 2.5% and 2.4% in the daily and weekly timeframes.
Featured image from Fortune, chart from TradingView
