Last Updated: 25 May 2021
According to the best-seller author of “Rich Dad Poor Dad“, Robert Kiyosaki, investors should take advantage of the current market situation of Bitcoin. Those investors who couldn’t invest in bitcoin because the value was too high, now that the market is crashing, this creates the best buying opportunity for the investors. Instead of complaining about it, investors should use this opportunity to buy more bitcoin, which will eventually rise soon. He said that the main cause of the fall of bitcoin value is not the cryptocurrency itself or Elon Musk.
Robert Kiyosaki’s Advice
Robert Kiyosaki is one of the well-known investors and authors. His book Rich Dad Poor Dad was published in 1997. The book is among the best-sellers for more than six years. The book was translated into 52 languages and was published in 109 countries where over 32 million people bought it. Robert Kiyosaki is pushing investors to buy more bitcoin as its value has fallen from the record-high mark. According to him, the current crash of the market is a ‘buying opportunity for investors. This situation can provide a huge opportunity for new and old investors to take advantage of bitcoin.
Mr Kiyosaki Tweeted last week that I have heard people complaining about not affording bitcoin because the value is too high. If these people are interested in bitcoin investment, now is the time for them to stop complaining and making an investment in it.
In another Tweet on May 14, Rich Dad Poor Dad referred to the market crash as a good thing for the investment. He Tweeted that now that bitcoin is crashing, this is good news for the investors to make themselves ready to buy more. Moreover, he said that the problem of the market crash is not bitcoin or Elon Musk. The main reason for all that is the Fed, Treasury, and Biden. The solutions for these problems are Gold, Silver, and Bitcoin.
What to Take From this Advice?
In his statements, Mr Kiyosaki didn’t name any other cryptocurrency than bitcoin, so if investors want to invest, they should first do their research to understand the market better. Bitcoin is not the only cryptocurrency that makes people rich. In recent times, we have read the news about people getting rich with dogecoin investment, and now Shiba Inu is also in the news, the currency that made two brothers millionaires. A Goldman Sachs executive quit his job in the news because he became a millionaire by investing in dogecoin.
Robert Kiyosaki further explained this situation by saying that the feds will increase the interest rates to get out of the inflation period, which will crash the stock, bond, real estate, gold market. The only way to avoid losing your investment is to stick with Bitcoin, Silver, and Gold.
Mr Kiyosaki is not the only one who is pushing people towards bitcoin investment. For quite a time, he feels that bitcoin is the future as the price of the dollar is falling. In April, he forecasted that the value of Bitcoin would be $1.2 million in the coming five years.