Bitcoin
Rich Dad Poor Dad Author Robert Kiyosaki Looking to Accumulate More Bitcoin (BTC) Amid Price Drops
Rich Dad Poor Dad author Robert Kiyosaki says he is planning to buy more Bitcoin (Bitcoin) as the price of the king of cryptocurrencies falls.
Kiyosaki account his 2.5 million followers on social media platform X that he has a “buy and hold” investment strategy when it comes to Bitcoin.
“Bitcoin is crashing. Most people should sell. I’m waiting to buy more. All markets go up and down. Many people make a lot of money “trading” the markets, which means buying low and hopefully selling [high]. The problem with “trading” any asset is taxes, specifically “short-term” capital gains taxes. My strategy is similar to Warren Buffet’s: “buy and hold forever.”
What am I doing if not trading assets? I spend my time building new assets, which is why I am a “serial entrepreneur.” I am currently working on two new ‘start-ups’.
If accidents terrify you, sell up and hold on tight to your job, which is what most “employees” should do. Simply put, entrepreneurs and employees are opposite sides of the same coin. Be careful. Difficult times ahead. Do what’s best for you.”
The best-selling author believe Bitcoin will continue to increase in value.
“I get frustrated encouraging people to buy Bitcoin. I get so many lame excuses. The most common excuse: Bitcoin is too expensive. And it’s tall, but not as tall as it looks. I simply repeat my Rich Dad’s lesson about investing: your profit is made when you buy. Not when you sell. We all wish we had bought Bitcoin when it was $10, but those days are long gone. Don’t be a loser, buy a little, what you can afford, and keep buying.”
Bitcoin is trading for $61,896 at the time of writing, up 4% in the last 24 hours after falling to a 24-hour low of $59,462.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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