What Rich Dad Poor Dad Author Would Do in a Bitcoin Market Crash
Renowned finance author Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” recently shared his strategy for dealing with a potential market crash in Bitcoin (BTC). According to Kiyosaki, if Bitcoin or other assets like gold and silver were to crash, he sees it as an opportunity to buy more once the market stabilizes.
Kiyosaki’s approach to a Bitcoin crash:
- He would wait until the crashing stops before accumulating more BTC
- Considers market crashes as opportunities to buy assets at discounted prices
- Views market crashes as “sales” and his favorite four-letter word
Kiyosaki’s previous predictions and beliefs:
- In February, Kiyosaki predicted that Bitcoin would reach six-figure prices by June
- Expressed concern about the demand for US bonds due to the national debt exceeding $34 trillion
- Owns 66 Bitcoin and believes it will generate significant wealth in the future as capital from BTC exchange-traded funds (ETFs) flow into the digital asset
Bitcoin is currently trading at $51,736 with a 1.57% increase in the last 24 hours.
Hot Take: Seizing Opportunities in a Market Crash
If Bitcoin were to experience a significant market crash, renowned finance author Robert Kiyosaki suggests adopting a strategic approach. By waiting for the market to stabilize, you can capitalize on potential opportunities for accumulating more BTC. Kiyosaki’s belief is that market crashes offer attractive discounts on assets such as Bitcoin, gold, and silver. Viewing these downturns as “sales” presents a favorable chance to grow your portfolio. As Kiyosaki states, his favorite four-letter word is “sale.” So, if a market crash were to occur, keep an eye out for the right time to buy and potentially benefit from the recovery.
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