World-famous financial guru Kiyosaki reveals his Bitcoin (BTC) trading strategy
Robert Kiyosaki shared his opinion on the current Bitcoin market crash and said that he is happy with it because he wants to buy more Bitcoins at discounted prices.
Robert Kiyosaki is a world-famous financial expert. In the whole world, he is known for his self-finance book “Rich Dad Poor Dad”. Kiyosaki is a very big proponent of Bitcoin, Gold, and Silver. He suggests people buy these assets directly, instead of via any ETF products.
On 24 June 2024, Robert Kiyosaki said that Bitcoin was crashing & simultaneously the majority of the people were selling their holdings.
Kiyosaki advised people not to sell, because he is also not selling, instead waiting to buy more.
He noted that all money markets fluctuate, and many people profit from trading by buying low and hopefully selling high.
The author of the “Rich Dad Poor Dad” book pointed out that the main issue with trading any asset is dealing with taxes, particularly short-term capital gains taxes.
Furthermore, he shared his strategy of trading and said that it is similar to Warren Buffet’s “buy and hold forever” approach. Instead of trading assets, Kiyosaki spends his time building new assets, identifying themselves as a “serial entrepreneur”
Kiyosaki revealed that he is currently working on two new startups. He said that if the market crashes terrify someone, it might be best to sell and stick to their job, as most employees should.
Overall he concluded by saying that entrepreneurs and employees represent opposite sides of the same coin and advised everyone to take care and do what is best for themselves during rough times ahead.
Bitcoin price action
The current trade price of Bitcoin is $60,800. Today the lowest trade price of Bitcoin was $58,628.
Currently, the trade price is 3% down over the last 24 hours & experts believe more downfall is coming.
