The writer of the best-selling finance ebook Wealthy Dad Poor Dad is revealing what strikes he would make if Bitcoin (BTC) suffered a large market crash.
Finance writer Robert Kiyosaki tells his 2.5 million followers on the social media platform X that if the highest crypto asset by market cap have been to crash, he’d wait till it stabilizes earlier than accumulating extra BTC.
Based on Kiyosaki, if the crypto king or different property comparable to gold and silver have been to crash, he’d view it as a hearth sale and a possibility to gobble up extra.
“I’m typically requested ‘What occurs if Bitcoin crashes?’ My reply is identical for Bitcoin, gold, or silver. My reply is ‘I’d be joyful and I’d purchase extra, as soon as the crashing stops.’ All market crashes are property occurring ‘sale,’ [which] is my favourite four-letter phrase.”
Earlier in February, Kiyosaki predicted that Bitcoin would hit a six-figure price ticket by June whereas expressing concern in regards to the demand for US bonds with the nationwide debt standing properly above $34 trillion.
Final month, Kyosaki revealed that he owns 66 Bitcoin, which he believes can be an ideal supply of wealth for him sooner or later as capital from BTC exchange-traded funds (ETFs) – which have been authorized by the U.S. Securities and Alternate Fee (SEC) earlier this yr – move into the flagship digital asset.
Bitcoin is buying and selling for $51,736 at time of writing, a 1.57% enhance within the final 24 hours.
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