Are you not afraid of Bitcoin falling?
Over the weekend, Bitcoin ($BTC) once stood above $60,000, but fell by more than 4% this morning. Many breakthroughs in the past two months have failed, making many investors uneasy.
However, for Robert Kiyosaki, the author of the well-known best-selling book "Rich Dad Poor Dad", the short-term decline does not seem to be scary at all. He confidently predicts that a sharp rise in Bitcoin is coming, and even Tell investors humorously that you can start choosing your dream car now - Ferrari or Lamborghini?
Image Source: X Rich Dad’s Tweets
Rich dad’s “three safe haven assets”
Rich dad often shared his views on the market and investment strategies through personal social platforms. His investment philosophy was also very simple - when the global financial system is unstable, legal currencies such as the U.S. dollar are like "fake money." He also constantly emphasizes that physical assets such as gold, silver and Bitcoin are "real money."
Rich dad pointed out that since the outbreak of the epidemic in 2020, the U.S. government has implemented quantitative easing policies and printed a large amount of money in order to stabilize the economy. It seems to be helping American families and businesses, but it has also significantly increased the size of the U.S. national debt.
He said that the U.S. national debt was growing at an alarming rate, increasing by 1 trillion U.S. dollars every 100 days, and monthly interest payments reached 1 trillion U.S. dollars. Rich dad believed that this growing debt was dragging down the U.S. economy. The bond market is also poised to collapse.
Rich dad shouted that the “Great Cryptozoology” was coming
Recently, rich dad once again placed orders for Bitcoin, gold, and silver, believing that the prices of such physical safe-haven assets are ready to rise significantly.
Although the price trends of Bitcoin and gold have recently decoupled, and while the price of gold has reached an all-time high, Bitcoin is still hovering around $60,000, rich dad reminds investors who are accustomed to debating "Which is better, gold or Bitcoin?" Human: "The really important question is how much gold and Bitcoin you own, not just buying one or the other."
Citing lessons he learned in military academies and the Marine Corps, he emphasized the importance of "nonverbal behavior." He called on investors to stop talking to themselves and instead ask themselves directly, "How much gold, silver and Bitcoin do I own?": "If the answer is not enough, then now is the time to start taking action."
He firmly believes that as the Fed begins to lower interest rates, the value of real assets will rise significantly. At that time, fiat currencies like the US dollar will gradually lose their purchasing power, and the demand for real assets will increase significantly, no matter which one it is, as long as Anyone who owns Bitcoin and gold will be well rewarded: “Buy more gold, silver or Bitcoin before the Fed lowers interest rates and you may soon look good at driving a Ferrari or a Lamborghini. "
