Robert Kiyosaki Confident in Bitcoin’s Resilience, Ready to Buy More During a Crash
Renowned financial educator and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has expressed an unexpected perspective on the potential crash of Bitcoin (BTC). Notably, Kiyosaki ranks among the notable backers of Bitcoin, maintaining that the asset can record significant gains in the future despite a section of the market stressing that the cryptocurrency has the potential to plunge to zero.
In this line, in an X (formerly Twitter) post on February 24, Kiyosaki addressed the common question he receives about the possible consequences of a Bitcoin crash, drawing parallels with other precious assets like gold and silver.
Kiyosaki shared his thoughts on the hypothetical scenario of a Bitcoin crash, stating that he would be happy and ready to purchase more of the maiden cryptocurrency once the market turmoil settles. He emphasized his steadfast confidence in the resilience of Bitcoin to rally again in the event it loses its value. The financial educator further explained his viewpoint by framing market crashes as opportunities for savvy investors. According to him, all market crashes are essentially assets going on “sale,” a sentiment reflected in his concluding statement:
“I am often asked ‘What happens if Bitcoin crashes?’ My reply is the same for Bitcoin, gold, or silver. My reply is ‘I would be happy and I would buy more, once the crashing stops.’ All market crashes are, are assets going on and ‘sale’ is my favorite four-letter word,” Kiyosaki said.
Kiyosaki’s Bet on Bitcoin
This perspective aligns with Kiyosaki’s long-standing belief in financial education and seizing opportunities during market fluctuations. It is worth noting that Kiyosaki has maintained that Bitcoin is slated for an all-time high in 2023, citing driving factors such as the diminishing value of the United States dollar. For instance, the author believes that Bitcoin will likely trade at $100,000 by June 2024.
This comes as the investor continues to caution about a possible collapse of the stock market while maintaining that assets such as Bitcoin, gold, and silver are the best bets in such an event, stressing their resilience. Additionally, Kiyosaki has blamed the Federal Reserve for the current economic situation while urging investors not to focus on the institution. Instead, Kiyosaki has advocated for continued investment in Bitcoin and precious metals.
Hot Take: Bitcoin’s Crash as an Opportunity
Kiyosaki’s perspective on a potential crash of Bitcoin offers a fresh take on market fluctuations and investment opportunities. His confidence in the resilience of Bitcoin aligns with his long-standing belief in financial education and seizing advantageous moments during market turmoil. By viewing crashes as opportunities for buying assets at a discounted price, Kiyosaki demonstrates a bold approach to investing in Bitcoin.
While some may fear a potential crash, Kiyosaki encourages crypto enthusiasts like you to embrace it as a chance to accumulate more Bitcoin when the market stabilizes. His comparison of market crashes to assets going on sale highlights his optimism and belief in the long-term value of Bitcoin. By adopting this mindset, you can position yourself to potentially benefit from future market downturns and capitalize on Bitcoin’s potential for growth.
Remember, investing always carries risks, and it’s essential to conduct thorough research and seek professional advice before making any investment decisions. However, Kiyosaki’s perspective serves as a reminder that market downturns can present unique opportunities for those who are prepared.
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