Robert Kiyosaki on Bitcoin Crash: Most People Should Sell — He's Waiting to Buy More, Follow Warren Buffett's Strategy

Rich Dad Poor Dad author Robert Kiyosaki says most people should sell bitcoin now that the price of the cryptocurrency is “crashing.” However, he affirmed that he is waiting to buy more bitcoin, emphasizing that “all markets go up and down.” The famous author noted that his strategy is similar to Berkshire Hathaway CEO Warren Buffett’s, which he described as “buy and hold on forever.”

Robert Kiyosaki Reveals Strategy for Bitcoin Crash

The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his plans in response to the recent decline in bitcoin’s price. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki wrote on social media platform X on Monday:

Bitcoin is crashing. Most people should sell. I am waiting to buy more.

“All markets go up and down … Many people make a lot of money ‘trading’ markets,” the renowned author stressed. However, he pointed out: “The problem with ‘trading’ any asset is taxes, specifically ‘short term’ capital gains taxes.”

On Monday morning, the price of bitcoin experienced a notable decline following the news that Mt. Gox is set to start distributing $9 billion in BTC to creditors in July after a decade-long wait. This development also followed the news that the German government had commenced the sale of a substantial amount of seized bitcoins.

Kiyosaki has long been recommending bitcoin alongside gold and silver. He recently stated that the cryptocurrency is the easiest way to become a millionaire, predicting that BTC will hit $350K in August. He has repeatedly urged investors to ditch the U.S. dollar for bitcoin.

The famous author emphasized on Monday:

My strategy is similar to Warren Buffett’s ‘buy and hold on forever.’

“What am I doing if not trading assets? I spend my time building new assets, which is why I am a ‘serial entrepreneur.’ Currently, I am working on two new ‘start-ups,'” Kiyosaki shared. He then advised: “If crashes terrify you, sell and hang on tight to your job, which is what most ’employees’ should do. Simply said, entrepreneurs and employees are opposite sides of the same coin. Take care. Rough times ahead. Do what is best for you.”

What do you think of Rich Dad Poor Dad author Robert Kiyosaki saying that most people should sell bitcoin as the price crashes but his own strategy is to “buy and hold on forever”? Let us know in the comments section below. #Write2Earn