The price of Bitcoin has recently been in a state of turbulence. On Monday, the coin dropped by 5.3% to $89,300, marking its lowest level since November 18 and significantly below the record high of $108,300 reached in December. However, investors focusing on the price decline helped BTC quickly recover by $7,000 as overall market sentiment improved.
As the legendary analyst Robert Kiyosaki previously stated, the drop in Bitcoin is good news for investors. He described it as a rare buying opportunity rather than a cause for concern.
The decline in Bitcoin coincided with comments made by JPMorgan Chase CEO and billionaire Jamie Dimon in an interview with CBS, published on Sunday.
"I am not a big fan of Bitcoin," Dimon said, adding that the $1.8 trillion cryptocurrency has no intrinsic value.