Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad” and entrepreneur, commented on Bitcoin’s decline by stating that “most people should sell.”
Bitcoin is crashing. Most people should sell. I am waiting to buy more.
All markets go up and down. Many people make a lot of money “trading”
markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term”…— Robert Kiyosaki (@theRealKiyosaki) June 24, 2024
“Some people make a lot of money ‘trading’ markets, which means buying low and hopefully selling low,” the businessman shared his thoughts.
In his view, the main issue with “trading” any assets lies in taxes, particularly “short-term” capital gains.
Kiyosaki explained that his market strategy resembles billionaire Warren Buffett’s approach — “buy and hold forever.”
When not trading, Kiyosaki focuses on “creating new assets,” considering himself a “serial entrepreneur.” He is currently working on “two new startups.”
“If corrections scare you, sell and hold on tight to your job, which is what most ’employees’ should do. Simply put, entrepreneurs and employees are two sides of the same coin,” added the bestselling author.
In conclusion, he predicted the onset of “hard times” and advised to “do what’s best for yourself.”
Earlier, Kiyosaki once again urged buying the first cryptocurrency to avoid future fear of missing out.
Back in March, the entrepreneur predicted Bitcoin would rise to $300,000 this year. In April, he called the US bankrupt.
In June, the investor stated that the first cryptocurrency would reach $300,000 by August 25. According to him, digital gold is the easiest way to become a millionaire.