Bitcoin price crash is good news: Robert Kiyosaki
The author of Rich Dad Poor Dad shared his stance on the recent correction in the price of Bitcoin.
Robert Kiyosaki is the famous author of the “Rich Dad Poor Dad” book. Robert is known not only for his popularity for his book but also he is known as a perfect financial advisor. He supports the maximum diversification of the investment in Gold, Silver and Bitcoin-like assets. Right now he is holding Bitcoins in his portfolio.
On 24 January, Robert Kiyosaki shared his happiness with his followers. He tweeted that Bitcoin is going down and said that he bought Bitcoin in between $6k to $9k. But now he will buy more when it will touch $20k.
Besides Bitcoin investment, he suggested buying silver also. He said that Silver is 50% low than its all-time high, so better to consider.
WOW:Words of Wisdom. “Your profits are made when you buy, not when you sell.” Price of Bitcoin crashing. Great news. I bought BC at $6K and 9K. I will buy more if and when BC tests $20k. Time to get richer is coming. Silver best bargain today. Silver still 50% below high.
— therealkiyosaki (@theRealKiyosaki) January 24, 2022
Robert Kiyosaki always follows the simple principle of buying assets at a low price. He believes that selling the assets doesn’t mean to be rich but buying at low surly profitable things.
Robert traditionally believes that Gold and silver will always remain God’s assets. But he believes that having Bitcoin and other assets is still a better option because these have huge opportunities.
In the past, he said that he doesn’t believe in the Federal Reserve. Indirectly he was criticizing the inflation idea of the US government with unlimited printing of fiat Money supply. He suggested people remain ready for the future with the investment in Bitcoin, silver-like assets because these will help people in those worst situations.
It is worth noting that Robert doesn’t suggest people go all-in on Bitcoin. Personally, Robert believes that Bitcoin is the best asset over other existing assets but still it is risky to go all with a single one. According to Robert, countries may kill it when it will grab more and more success.
Read also: Amid Bitcoin price crash, McDonald getting popularity