Robert Kiyosaki, author of 'Rich Dad Poor Dad': Bitcoin's crash is actually 'good news'
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Famous entrepreneur and bestselling author of 'Rich Dad Poor Dad' Robert Kiyosaki recently shared his views on the sharp decline in Bitcoin prices on Twitter, stating that this is 'good news'. He pointed out that Bitcoin's price plummeted over 6% in just one night, dropping from nearly $102,000 to around $95,500, but then rebounded to around $96,000.
Kiyosaki expressed his happiness that the drop in Bitcoin means it is now 'on sale', and he continues to buy Bitcoin in this price range. He cited the classic investment strategy: 'Buy low, hold long'. Additionally, he reminded investors that Bitcoin's supply is limited, with less than 2 million Bitcoins left to mine, and institutional investors like MicroStrategy are also continuing to purchase Bitcoin.
Kiyosaki not only focuses on the fluctuations in Bitcoin prices but also emphasizes his macroeconomic predictions. In his 2013 book 'Rich Dad's Prophecy', he predicted that the largest stock market crash in history was imminent and claimed that this prophecy is now finally coming true. He recalled the financial crisis of 2008 and criticized the Federal Reserve for bailing out banks through money printing while making ordinary people bear the costs.
Kiyosaki foresees a broader economic collapse in 2025, covering multiple industries including automotive, real estate, dining, and retail. However, he also believes this will be a 'great time to get rich' and plans to use 'fake dollars' to buy 'real assets'—such as Bitcoin, gold, and silver.
Bitcoin: Kiyosaki remains bullish on Bitcoin, believing its future value will soar, even predicting that the price of Bitcoin could reach $350,000 by 2025, at least hitting $175,000.
Gold and Silver: Kiyosaki also mentioned that he will continue to invest in gold and silver as long-term assets against 'fake dollars'.
Kiyosaki's views highlight the uncertainty and volatility of the market, but he remains optimistic, believing that these uncertainties provide opportunities for smart investors. For him, a crash is not bad news, but rather an opportunity to buy assets at low prices.
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