Robert Kiyosaki, author of “Rich Dad Poor Dad,” recently spoke about Bitcoin’s downturn, advising people to sell Bitcoin.
In a post on X, Kiyosaki stated, “Bitcoin is crashing. Most people should sell.” However, he mentioned his intention to buy more Bitcoin despite the current crash.
Robert Kiyosaki explained the problem that many people fail to understand trading, pointing out they aim to “buy low and hopefully sell high.” He said trading due to short-term capital gains taxes and advocated instead for a long-term “buy and hold” strategy similar to Warren Buffett’s approach.
Kiyosaki emphasized his focus on building new assets rather than trading. He describes himself as a “serial entrepreneur” and currently working on two new startups. He encouraged individuals afraid of market crashes to sell and keep their employment, emphasizing the contrasting mindsets of entrepreneurs and employees.
Kiyosaki’s message concluded with a warning of rough times ahead and a call for individuals to make decisions best suited to their circumstances.
Also Read: Robert Kiyosaki Predicts Bitcoin at $350,000 by August 2024
