Author of 'Rich Dad Poor Dad' expresses hope for Bitcoin crash, revealing intention to buy more if it occurs.
In a recent statement, financial expert and best-selling author Robert Kiyosaki reaffirmed his optimistic outlook on Bitcoin's future value. Kiyosaki, known for his book "Rich Dad Poor Dad," joins fellow advocate Michael Saylor in predicting that Bitcoin could surge higher than $1 million per coin, with Saylor even suggesting a potential value of up to $13 million per coin within the next decade [1][3].
Despite acknowledging Bitcoin's inherent volatility and regulatory challenges, Kiyosaki views any significant price dips or crashes as buying opportunities rather than reasons to sell. He has recently increased his Bitcoin holdings and hopes for such price crashes to acquire more coins at a cheaper price, maintaining his commitment to accumulate more during downturns [3].
This strategy stems from Kiyosaki's belief that Bitcoin serves as a hedge against inflation and fiat currency devaluation driven by central bank monetary policies [1][3]. He attributes this to Bitcoin's capped supply of 21 million coins, which he argues is critical for retaining value amid the devaluation of traditional currencies.
Kiyosaki expects increasing institutional adoption, Bitcoin halving events, and its growing role as a global reserve asset to drive substantial price appreciation. His forecasts align with a broader sentiment among some investors who anticipate exponential long-term growth, though he cautions that the investment carries significant risks requiring informed decisions [1][2][3].
However, Kiyosaki has also expressed concerns about the current troubles with the purchasing power of the U.S. dollar and the fast-growing national debt. He believes that central banks start printing money during financial crises, which increases inflation [1].
It is worth noting that over the past 24 hours, Bitcoin has displayed a decline of 1.6%, going down from $110,000 to $108,280 [2]. While Kiyosaki's statement about Bitcoin crashing was made on his social media handle, he has clarified that warnings about Bitcoin crashing are clickbait and are issued to scare off speculators [3].
As always, it is crucial to conduct one's own research before making any investment decisions, and U.Today is not liable for any financial losses incurred while trading cryptocurrencies [4][5]. The financial information provided by U.Today is intended for informational purposes only and should not be used for investment decisions without conducting one's own research or consulting with financial experts [4]. The financial information provided by U.Today may not be accurate as of the present moment [6].
Sources: [1] https://www.utoday.news/robert-kiyosaki-warns-about-the-us-dollar-and-the-growing-national-debt/ [2] https://www.coindesk.com/markets/2022/02/08/bitcoin-price-slides-below-110k-as-crypto-market-sheds-60b-in-24-hours/ [3] https://www.coinspeaker.com/robert-kiyosaki-says-bitcoin-crashes-are-buying-opportunities/ [4] https://www.utoday.news/disclaimer/ [5] https://www.utoday.news/robert-kiyosaki-believes-that-warnings-about-bitcoin-crashing-are-clickbait/ [6] https://www.utoday.news/disclaimer/
- Robert Kiyosaki, a financial expert and author, has increased his Bitcoin holdings, viewing any price dips or crashes as buying opportunities, due to his belief in Bitcoin's potential as a hedge against inflation and fiat currency devaluation.
- Kiyosaki, along with fellow advocate Michael Saylor, anticipates Bitcoin's value to surge beyond $1 million per coin, based on factors such as increasing institutional adoption, Bitcoin halving events, and its growing role as a global reserve asset.
- Despite the risks involved in crypto investing, Kiyosaki's strategy emphasizes accumulating more Bitcoin during downturns and conducting personal research before making any investment decisions.
