Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, recently shared his strategy for dealing with a Bitcoin (BTC) market crash. Kiyosaki told his 2.5 million followers on social media that if Bitcoin or other assets like gold and silver crashed, he would view it as an opportunity to buy more.
Waiting for Stability
Kiyosaki said he would wait until the market stabilizes before accumulating more Bitcoin. He believes that market crashes are opportunities to buy assets at a discount.
Viewing Crashes as Fire Sales
Kiyosaki said he would be happy to buy more Bitcoin, gold, or silver if they crashed. He sees these crashes as fire sales, which are opportunities to buy assets at a reduced price.
Bitcoin Price Predictions
Earlier this year, Kiyosaki predicted that Bitcoin would reach a six-figure price tag by June. He also expressed concern about the demand for US bonds, given the national debt of over $34 trillion.
Current Bitcoin Holdings
Kiyosaki revealed that he owns 66 Bitcoin, which he believes will be a great source of wealth for him in the future. He expects capital from Bitcoin exchange-traded funds (ETFs) to flow into Bitcoin, increasing its value.
Bitcoin’s Current Market Value
At the time of writing, Bitcoin is trading at $51,736, showing a 1.57% increase in the last 24 hours.
Disclaimer
The opinions expressed by Robert Kiyosaki do not constitute investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
