Robert Kiyosaki Sees Opportunity in Bitcoin Price Collapse
Renowned entrepreneur and investor Robert Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” has weighed in on the recent Bitcoin price collapse. In a tweet, Kiyosaki expressed enthusiasm about the sudden drop in Bitcoin’s value, stating that the cryptocurrency is now “on sale.”
Whales Accumulate Bitcoin
Bitcoin’s price plummeted by over 6% overnight, falling from nearly $102,000 to the $95,500 zone. Although it has since recovered slightly to the $96,000 price level, Kiyosaki remains optimistic. He revealed that he continues to buy Bitcoin, citing the popular adage “Buy low… and HODL.” Kiyosaki also reminded investors that there are less than 2 million Bitcoins left to be mined, which could contribute to increased demand.
Kiyosaki’s Long-Term Outlook
In December, Kiyosaki predicted that Bitcoin’s price could skyrocket to $350,000 or at least $175,000 per coin in 2025. His recent comments suggest that he remains confident in the cryptocurrency’s long-term potential.
The Biggest Stock Market Crash in History
In a separate tweet, Kiyosaki claimed that the “biggest stock market crash in history” has arrived. He attributed his ability to predict this event to the actions of Federal Reserve Chairman Ben Bernanke in 2008, who paid himself and bankers billions in bonuses while millions of average people lost their homes, jobs, and savings. Kiyosaki believes that history is repeating itself, with the car market, housing market, restaurants, retailers, and even wine sales experiencing a downturn.
Investing in Real Assets
Kiyosaki intends to capitalize on the current market conditions by investing in “real assets” such as Bitcoin, gold, and silver using “fake US dollars.” He emphasized that crashes can be great opportunities to accumulate wealth.
Conclusion
Robert Kiyosaki’s comments on the Bitcoin price collapse and the stock market crash offer a unique perspective on the current market conditions. While his predictions and investment strategies may not be suitable for everyone, they highlight the importance of staying informed and adapting to changing market circumstances. As always, it is essential to conduct thorough research and consult with financial experts before making any investment decisions.
Source: U.today
#CryptoWallet #EthereumNews #BitcoinNews #Ethereum
The post Robert Kiyosaki: Bitcoin Crash is Great News appeared first on CoinBuzzFeed.
