Famous Finance Expert Commented on Bitcoin Collapse: I’m Waiting!

Robert Kiyosaki, the author of the well-known finance book ‘Rich Dad, Poor Dad’, appeared on the scene after Bitcoin’s latest collapse. Kiyosaki said he plans to buy more Bitcoin amid the price decline. Famous Muharrir also explained the key factors to watch right now. Market expectations for Bitcoin’s recovery are currently high.

Robert Kiyosaki will buy more Bitcoin

According to the latest price information, BTC was trading at $60,072 after a decline of more than 6% in the last 24 hours. Over the past seven days, the cryptocurrency has fallen over 10%, sparking concern among crypto advocates. This Bitcoin downtrend will likely see two clusters of investors. These are those who may seize the opportunity to purchase Bitcoin and those who may choose to sell their holdings.

Robert Kiyosaki says he would prefer to be a module of the first category, which will take advantage of the price drop to increase Bitcoin holdings. The businessman admits that all businesses always go right. With this in mind, Kiyosaki states that he is waiting to buy more Bitcoin. After purchasing, he plans to hold his assets “forever,” similar to Warren Buffet’s strategy. In this context, Kiyosaki makes the following statement:

Bitcoin is crashing! Many people should sell. I’m waiting to get more. All markets rise and fall. Many people make a lot of money by “trading”. This means buying low and hopefully selling low. The problem with “buying or selling” any random asset is taxes, specifically “short-term” capital gains taxes. My strategy is similar to Warren Buffets’ “buy and hold forever” strategy. (…)

Interest in BTC will not decrease forever

Robert Kiyosaki’s statement does not come as a surprise considering how vocal he has been about his love for Bitcoin. His latest post comes just about a week after he warned people who claimed Bitcoin was valuable. He even went so far as to invite further buying and investing in cryptocurrency by drawing insights from his best-selling publication “Rich Dad, Poor Dad.” “Your profit comes when you buy, not when you sell,” says the lesson from his book.

The famous entrepreneur strongly believes that cryptocurrency is not as high as it will go. So his advice to potential investors of this sort was to buy a little bit of what they can afford and keep buying. Today’s post X further reinforces his stance on buying and using Bitcoin regardless of price. The broader crypto industry is hopeful that Bitcoin will recover before the end of this month. Speaking of recovery, some analysts and experts are looking at the possibility of the cryptocurrency reaching $100,000 by the end of June.