The value of Bitcoin (BTC) has seen a significant decline recently. Despite this decline, Robert Kiyosaki, author of the book “Rich Dad Poor Dad,” remains optimistic about the cryptocurrency.
At the time of writing, BTC is valued at just over $60,000, reflecting a 6.62% decrease over the past 24 hours. Over the past week, the value of Bitcoin has dropped by more than 10%, causing concern among crypto enthusiasts.
This downward trend in the price of Bitcoin is likely to create two types of investors: those who will take advantage of the decline to buy more BTC, and those who will decide to sell their holdings.
Robert Kiyosaki expressed his preference for the first group, stating his intention to use the price drop as an opportunity to increase his BTC holdings. Once acquired, he plans to hold onto his assets indefinitely, similar to Warren Buffet’s investment strategy.
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“If market crashes scare you, sell and stay working, which is advisable for most employees.”
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“In simple terms, entrepreneurs and employees represent opposite sides of the same coin.”
Given Kiyosaki’s well-known support for Bitcoin, his statements are not surprising. His recent comments come just a week after he criticized those who claim that BTC is overvalued. Drawing on his bestseller “Rich Dad Poor Dad,” he called for more investment in the cryptocurrency.
“Your profit comes when you buy, not when you sell,” he repeated, echoing a lesson from his book.
Kiyosaki is firmly convinced that the price of Bitcoin has not reached its peak. Therefore, he advises potential investors to buy as much as they can afford and continue to accumulate.
The broader crypto community continues to hope that the leading cryptocurrency will recover by the end of this month.
