Famend entrepreneur and writer Robert Kiyosaki, famed for his monetary knowledge in “Wealthy Dad Poor Dad,” just lately shared his intriguing perspective on what he would do if Bitcoin crashes shortly.
What’s Bitcoin Crashes?
Kiyosaki, an avid supporter of cryptocurrencies, just lately took to the social media platform X to answer a query he generally encounters: “What occurs if Bitcoin crashes?”
Kiyosaki boldly said, “I might be glad and would purchase extra, as soon as the crashing stops.” His unconventional outlook is that market downturns are alternatives fairly than setbacks. Kiyosaki sees a crash as a “sale,” emphasizing his “favorite four-letter phrase” – as a chance to capitalize on decrease costs throughout varied property, together with Bitcoin, gold, and silver.
That’s What Makes Kiyosaki Kiyosaki
Kiyosaki’s philosophy of capitalising on market crashes aligns along with his timeless rules outlined in his well-known ebook “Wealthy Dad Poor Dad,” the place he has vocally advocated for a proactive and opportunistic strategy to monetary administration. Relatively than fearing market volatility, he advises embracing it, to have a look at downturns as alternatives to build up priceless property.
Furthermore, the writer of ‘Wealthy Dad Poor Dad’ has overtly, repeatedly, criticized the US Federal Reserve System in quite a few tweets, accusing it of continuous financial inequality. Kiyosaki distrusts the Fed’s insurance policies, which he believes profit the rich elite.
Bitcoin is The Secure Haven
As of the most recent market replace, Bitcoin is at the moment buying and selling at $51,074.56, experiencing a 0.29% change over the previous 24 hours. With a market capitalization of $1.00 trillion, Bitcoin has exhibited a change of 20.92% this 12 months.
Kiyosaki’s outlook on Bitcoin portrays it as a hedge towards market volatility. Kiyosaki’s current prediction of Bitcoin reaching $100,000 and his expectation of gold costs dropping under $1,200 present his confidence in Bitcoin as a hedge towards market uncertainty.
