Investor and author of the famous book “Rich Dad Poor Dad” Robert Kiyosaki commented on the situation with the depreciation of Bitcoin. He believes that market growth and correction are the normal order of things, and rumors about the “collapse” of the first cryptocurrency are exaggerated.
Bitcoin is crashing. Most people should sell. I am waiting to buy more.
All markets go up and down. Many people make a lot of money “trading”
markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term”…— Robert Kiyosaki (@theRealKiyosaki) June 24, 2024
On the evening of June 24, 2024, the price of Bitcoin dropped to $58,402. The asset later recovered to a level above $61,000.
The entrepreneur announced his intention to use the fall in the value of the first cryptocurrency to purchase additional bitcoin. According to Kiyosaki, he follows the strategy used by billionaire Warren Buffett. It is to acquire assets and hold them in your portfolio for as long as possible, the investor emphasized.
Kiyosaki said that many people make a lot of money by trading in various markets. However, this area is associated with some “difficulties,” the investor believes.
In particular, we are talking about the need to pay taxes, the entrepreneur wrote. Kiyosaki is confident that Buffett’s strategy can eliminate some of these problems.
The investor also told what he does in his free time from trading. He assures that he is focused on the development of specialized projects.
In addition, the entrepreneur said that people who fear a possible collapse of Bitcoin should sell their assets and “hold on tightly to their jobs.” According to the investor, this is exactly what most “hired workers” should do.
Source: Cryptocurrency
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