#bitcoin DOWN, WHAT DOES ROBERT KIYOSAKI RESPOND $BTC

A well-known entrepreneur and author of well-known financial books, namely Robert Kiyosaki, shared his opinion regarding the asset Bitcoin (BTC), which he envisions as an asset to rely on when inflation is experiencing a fall. On Monday (24/6/2024) via his official X account, Kiyosaki made it clear that currently many people are busy selling the Bitcoin they hold.

“Bitcoin prices are plummeting. Many people will sell. Meanwhile, I will buy more," said Kiyosaki

In his explanation, Kiyosaki stated that all markets, including cryptocurrencies, also experience what is called a cycle of ups and downs. For this reason, according to him, many people make money by 'trading', namely buying when the price is low and selling when the price is high.

However, in this case, he also warned that short-term trading could be subject to high taxes.

"For trading any asset there is tax, especially short-term capital gains tax," said the author of the book 'Rich Dad Poor Dad'.