Over the week, the Bitcoin rate fell by almost 9%, and over the past 24 hours, the first cryptocurrency fell by 6%. Bitcoin is currently trading at $60,000. However, for American entrepreneur Robert Kiyosaki, this is not a reason for frustration – rather, on the contrary.
Typically, during a downward trend in the crypto market, two groups of investors appear: those who buy Bitcoin on a decline, and those who sell off their crypto assets. Kiyosaki wrote on the social network X that he considers himself to be in the first category – people who use the fall of the market to replenish their Bitcoin reserves. The businessman noted that after purchasing BTC, he plans to store them for a very long time, following the strategy of the famous American investor, owner of Berkshire Hathaway Warren Buffett – “buy and hold forever.”
“Bitcoin is crashing. Most people should sell. I’m waiting to buy even more. All markets move up and down. Many people make money by trading, which means buying low and hopefully selling low. However, the problem with trading any asset is taxes, especially short-term capital gains taxes. If you’re worried about falling, then sell Bitcoin and hold on to your job, which is what most employees should do. Simply put, entrepreneurs and employees are opposite sides of the same coin. There are difficult times ahead. Do what’s best for you,” Kiyosaki wrote.
Recently, an entrepreneur noted that the easiest way for an ordinary person with an average salary to become a millionaire is to buy Bitcoin. In May, Kiyosaki said that only three assets could survive any crisis: gold, silver and bitcoin.
Source: Bits
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