Rich Dad Poor Dad Author Unveils What He Would Do if Bitcoin (BTC) Witnesses Market Crash – The Daily Hodl

The author of the best-selling finance book Rich Dad Poor Dad is revealing what moves he would make if Bitcoin (BTC) suffered a massive market crash.

Finance author Robert Kiyosaki tells his 2.5 million followers on the social media platform X that if the top crypto asset by market cap were to crash, he’d wait until it stabilizes before accumulating more BTC.

According to Kiyosaki, if the crypto king or other assets such as gold and silver were to crash, he’d view it as a fire sale and an opportunity to gobble up more.

“I am often asked ‘What happens if Bitcoin crashes?’ My reply is the same for Bitcoin, gold, or silver. My reply is ‘I would be happy and I would buy more, once the crashing stops.’ All market crashes are assets going on ‘sale,’ [which] is my favorite four-letter word.”

Earlier in February, Kiyosaki predicted that Bitcoin would hit a six-figure price tag by June while expressing concern about the demand for US bonds with the national debt standing well above $34 trillion.

Last month, Kyosaki revealed that he owns 66 Bitcoin, which he believes will be a great source of wealth for him in the future as capital from BTC exchange-traded funds (ETFs) – which were approved by the U.S. Securities and Exchange Commission (SEC) earlier this year – flow into the flagship digital asset.

Bitcoin is trading for $51,736 at time of writing, a 1.57% increase in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling 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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• Source: https://dailyhodl.com/2024/02/25/rich-dad-poor-dad-author-unveils-what-he-would-do-if-bitcoin-btc-witnesses-market-crash/