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Bitcoin Is Crashing, But Robert Kiyosaki Is Waiting to Buy More

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2024-06-25 20:33:00984browse

Bitcoin Is Crashing, But Robert Kiyosaki Is Waiting to Buy More

Robert Kiyosaki is a world-renowned financial expert. He is best known around the world for his Self-Financebook, Rich Dad Poor Dad. World famous financial expert Robert Kiyosaki has shared his thoughts on the recent Bitcoin market crash, revealing his desire to buy more Bitcoin at discounted prices. Known for his self-financebook Rich Dad Poor Dad, Kiyosaki is a strong advocate of Bitcoin, gold and silver. He encouraged people to buy these assets directly rather than through ETF products. On June 24, 2024, Kiyosaki mentioned that Bitcoin is collapsing and at the same time, most people are selling their assets. Kiyosaki advises people not to sell as he is not selling either but is waiting to buy more. He pointed out that all currency markets fluctuate, and many people profit by buying low and selling high. The author of Rich Dad Poor Dad highlights the main issue with trading any asset, which is dealing with taxes, especially short-term capital gains taxes. Additionally, he shared his trading strategy and said it is similar to Warren Buffett’s “Buy and Hold Forever” approach. Instead of trading assets, Kiyosaki spends her time building new assets and positions herself as a “serial entrepreneur”. Kiyosaki revealed that he is currently launching two new startups. He said that if a market crash scares someone, best sell and stick with their job, like most employees should do. He concluded that entrepreneurs and employees represent two sides of the same coin and advised everyone to take care of themselves during difficult times and do what is best for them.

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