The writer of the best-selling finance e-book Wealthy Dad Poor Dad is revealing what strikes he would make if Bitcoin (BTC) suffered an enormous market crash.
Finance writer Robert Kiyosaki tells his 2.5 million followers on the social media platform X that if the highest crypto asset by market cap had been to crash, he’d wait till it stabilizes earlier than accumulating extra BTC.
In accordance with Kiyosaki, if the crypto king or different property resembling gold and silver had been to crash, he’d view it as a fireplace sale and a chance to gobble up extra.
“I’m usually requested ‘What occurs if Bitcoin crashes?’ My reply is similar for Bitcoin, gold, or silver. My reply is ‘I’d be blissful and I’d purchase extra, as soon as the crashing stops.’ All market crashes are property occurring ‘sale,’ [which] is my favourite four-letter phrase.”
Earlier in February, Kiyosaki predicted that Bitcoin would hit a six-figure price ticket by June whereas expressing concern in regards to the demand for US bonds with the nationwide debt standing nicely above $34 trillion.
Final month, Kyosaki revealed that he owns 66 Bitcoin, which he believes will likely be a fantastic supply of wealth for him sooner or later as capital from BTC exchange-traded funds (ETFs) – which had been permitted by the U.S. Securities and Trade Fee (SEC) earlier this yr – move into the flagship digital asset.
Bitcoin is buying and selling for $51,736 at time of writing, a 1.57% enhance within the final 24 hours.
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