According to BlockBeats, Robert Kiyosaki, the author of 'Rich Dad Poor Dad', expressed his views on the current Bitcoin market downturn on social media on June 25. He stated that while most people should sell their Bitcoin due to the market crash, he is waiting to buy more. Kiyosaki emphasized that all markets have their ups and downs, and many people have made a lot of money by 'trading' in the market, which means buying low and selling high.
However, he pointed out that the problem with trading any asset is taxation, especially 'short-term' capital gains tax. His strategy is similar to Warren Buffett's 'buy and hold forever'. When asked what he does if he doesn't trade assets, Kiyosaki said he spends his time accumulating new assets, which is why he is a 'serial entrepreneur'. He is currently starting two new 'start-up companies'.
Kiyosaki also offered advice for those feeling panicked by the market crash. He suggested that if the downturn is causing anxiety, it might be best to sell and hold onto your job, which is what most 'employees' should do. In essence, he said, entrepreneurs and employees are two sides of the same coin. He concluded his post by advising his followers to take care of themselves and do what is most beneficial for them, as difficult times lie ahead.
