- Robert Kiyosaki calls Bitcoin the “easiest millions” he’s ever made, praising its design.
- His comments come as on-chain firm Glassnode warns the BTC market is entering a cool-off period.
- On-chain data shows weakening momentum, with falling volume and declining profitability metrics.
Author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has taken to social media to praise Bitcoin, calling it the “easiest millions” he has ever made.
Pure Genius Asset Design
Kiyosaki, best known for his financial literacy brand, compared his difficult early journey in real estate, which he said involved hard work, sleepless nights, and significant risk, to what he describes as the effortless gains from his Bitcoin investment.
“I can’t believe how Bitcoin makes becoming rich so easy,” Kiyosaki wrote, adding that all he did was conduct a little study, invest a few dollars. “No mess, no stress. Just set it and forget it,” he said, praising Bitcoin as a “Pure Genius asset design.”
But On-Chain Data Tells a Different Story
However, Kiyosaki’s optimistic view of Bitcoin arrives at a time when the market has entered a cool-off period after a massive rally.
According to on-chain analytics firm Glassnode, the Bitcoin market is entering a phase of cautious reassessment. Momentum indicators across spot, futures, options, and ETF markets are all flashing warning signs.
Related: Full Story of Last Week in Crypto (July 28-Aug 3): Prices, Whales, and What’s Next
In the spot market, Bitcoin’s Relative Strength Index (RSI) has dropped into oversold territory, while Cumulative Volume Delta (CVD) data points to increasing selling pressure. Liquidity is also weakening, with daily volume slipping from $8.4 billion to $7.5 billion.
What Are the Warning Signs?
On-chain data reveals a mixed picture. While the number of active addresses is rising and capital flows remain steady, transferred volume and transaction fees are decreasing.
Short-term profitability metrics such as NUPL and Realized Loss/Profit ratios are falling, reflecting more muted profit-taking behavior.
Related: Bitcoin (BTC) Price Prediction for August 7
Glassnode stated that while a technical rebound is not out of the question, the overall market remains fragile. Any sustainable recovery would likely require a strong external catalyst.
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