Bitcoin supporter and investor Robert Kiyosaki, widely known for his personal finance management book “Rich Dad Poor Dad,” has taken to account X (formerly known as Twitter) to reveal his current Bitcoin strategy.
Bitcoin supporter and investor Robert Kiyosaki, widely known for his personal finance management book “Rich Dad Poor Dad,” has taken to account X (formerly known as Twitter) to reveal his current Bitcoin strategy.
His main point is that the best time to buy an asset is when it collapses.
“Bitcoin is collapsing, I’m waiting to buy more”
Kiyosaki tweeted that the price of Bitcoin is experiencing a massive drop as it fell below $63,000 on Monday. The financial guru warned the community that since Bitcoin is crashing now and many people are selling, he is preparing to buy more BTC.
Kiyosaki also shared some crucial observations about trading in the current state of financial markets. “All markets go up and down,” he tweeted, and now they are going down. Still, traders always trade assets, he said. However, according to Kiyosaki, the big problem with trading any asset is that traders have to pay taxes and, in particular, they have to pay short-term capital gains taxes on their profits from trading.
While they do that, Kiyosaki prefers to apply Warren Buffett’s favorite investment strategy to Bitcoin: “buy and hold forever.” It’s worth noting here that Buffett is a rigorous critic of Bitcoin, and in 2018 he called BTC “rat poison squared” during the annual shareholder meeting of his investment company, Berkshire Hathaway. His opinion on the flagship cryptocurrency has not changed since then.
Yuri Molchan“Difficult times ahead”
In the second part of his tweet, Kiyosaki warned his 2.5 million X audience that “tough times are ahead.” He explained that he prefers not to market assets but rather to build new assets. For this reason, he refers to himself as a “serial entrepreneur”; Currently, Kiyosaki revealed, he is building two new startups, without specifying the field in which they are located.
Previously, Kiyosaki mentioned that he owned a gold mine and was also looking to buy an oil well. He prefers to invest not only in Bitcoin, but also actively buys and owns gold and silver. The financial guru believes all three are safe haven assets worth accumulating.
Recently, Kiyosaki made a prediction that he expects Bitcoin to reach $300,000 in September.
Robert Kiyosaki, a strong Bitcoin advocate and investor, widely known for his personal finance management book “Rich Dad Poor Dad,” has taken to account X (formerly known as Twitter) to reveal his current Bitcoin strategy.
Bitcoin supporter and investor Robert Kiyosaki, widely known for his personal finance management book “Rich Dad Poor Dad,” has taken to account X (formerly known as Twitter) to reveal his current Bitcoin strategy.
His main point is that the best time to buy an asset is when it collapses.
“Bitcoin is collapsing, I’m waiting to buy more”
Kiyosaki tweeted that the price of Bitcoin is experiencing a massive drop as it fell below $63,000 on Monday. The financial guru warned the community that since Bitcoin is crashing now and many people are selling, he is preparing to buy more BTC.
Kiyosaki also shared some crucial observations about trading in the current state of financial markets. “All markets go up and down,” he tweeted, and now they are going down. Still, traders always trade assets, he said. However, according to Kiyosaki, the big problem with trading any asset is that traders have to pay taxes and, in particular, they have to pay short-term capital gains taxes on their profits from trading.
While they do that, Kiyosaki prefers to apply Warren Buffett’s favorite investment strategy to Bitcoin: “buy and hold forever.” It’s worth noting here that Buffett is a rigorous critic of Bitcoin, and in 2018 he called BTC “rat poison squared” during the annual shareholder meeting of his investment company, Berkshire Hathaway. His opinion on the flagship cryptocurrency has not changed since then.
Yuri Molchan“Difficult times ahead”
In the second part of his tweet, Kiyosaki warned his 2.5 million X audience that “tough times are ahead.” He explained that he prefers not to market assets but rather to build new assets. For this reason, he refers to himself as a “serial entrepreneur”; Currently, Kiyosaki revealed, he is building two new startups, without specifying the field in which they are located.
Previously, Kiyosaki mentioned that he owned a gold mine and was also looking to buy an oil well. He prefers to invest not only in Bitcoin, but also actively buys and owns gold and silver. The financial guru believes all three are safe haven assets worth accumulating.
Recently, Kiyosaki made a prediction that he expects Bitcoin to reach $300,000 in September.
