Kiyosaki Celebrates Bitcoin’s Decline as a Buying Opportunity
Robert Kiyosaki, author of “Rich Dad Poor Dad,” views the recent Bitcoin price plunge as an opportunity to buy. He projects Bitcoin could rise to $175,000 or more by 2025 and warns of looming stock market crashes. He encourages purchasing real assets like Bitcoin, gold, and silver over fiat currency, which he views as increasingly unreliable.
Robert Kiyosaki, the esteemed entrepreneur and author of “Rich Dad Poor Dad,” has expressed a positive outlook following the recent significant decline in Bitcoin’s value, which dropped below the $102,000 mark. In a celebratory tone, he described the situation as “great news,” emphasizing that Bitcoin is now offered at a discounted price. Despite the recent fall of Bitcoin, which slid from approximately $102,000 to around $95,500 before a slight recovery, Kiyosaki maintains a proactive investment strategy, asserting that such downturns present excellent purchasing opportunities.
Kiyosaki reiterated his belief that the ongoing decline allows investors to adhere to the maxim of buying low and holding, citing that there remains a finite supply of Bitcoin, with less than two million left to be mined. In December, Kiyosaki projected that by 2025, Bitcoin could soar to values ranging from $175,000 to $350,000 per coin. He further commented on the broader economic landscape, predicting an impending stock market crash, which he claims to have foreseen since 2008. Kiyosaki urges investors to consider acquiring assets such as Bitcoin, gold, and silver, as he warns of the dangers presented by the overproduction of the dollar and its backing issues.
The commentary from Robert Kiyosaki comes amid a turbulent landscape for cryptocurrencies, particularly Bitcoin, which has seen extreme volatility and significant fluctuations in its market value. Kiyosaki is well-known for his financial philosophies and predictions based on historic economic patterns. His insights on Bitcoin are shaped by his past experiences during economic downturns, especially evident during the 2008 financial crisis when he began advocating for investment in tangible assets versus reliance on government-backed currencies.
In summary, Robert Kiyosaki views the recent plunge in Bitcoin’s price as a prime opportunity for investment, reinforcing the notion that downturns in the market can be advantageous for savvy investors. His forecasts for Bitcoin’s future value reflect his confidence in the cryptocurrency as a viable asset amidst concerns over traditional market stability and currency reliability. Kiyosaki’s perspective encourages a proactive investment posture during economic challenges, aiming to capitalize on potential future gains.
Original Source: u.today
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