The author of the bestseller "Rich Dad, Poor Dad" and entrepreneur Robert Kiyosaki, in the context of the bitcoin downturn, stated that "most people should sell."
Bitcoin is crashing. Most people should sell. I am waiting to buy more.
All markets go up and down. Many people make a lot of money “trading”
markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term”…
"Some people earn a lot of money by "trading" in the markets, this means buying at the bottom and, hopefully, selling at the bottom," the businessman shared his thoughts.
In his opinion, the main problem with "trading" any assets is taxes, especially "short-term" capital gains.
Kiyosaki said that his strategy in the market is similar to the approach of billionaire Warren Buffett — "buy and hold forever."
At a time when Kiyosaki is not trading, he devotes time to "creating new assets," so he considers himself a "serial entrepreneur." He is currently working on "two new startups."
"If corrections scare you, sell and hold on to your job tightly, which is what most "employees" should do. Simply put, entrepreneurs and employees are opposite sides of the same coin," the bestselling author added.
Summing up, he predicted the beginning of "difficult times" and advised "to do the best for yourself."
Earlier, Kiyosaki once again called for buying the first cryptocurrency in order not to experience the syndrome of lost profits in the future.
Recall that in March, the entrepreneur predicted the growth of bitcoin to $ 300,000 this year. In April, he called the United States bankrupt.
In June, the investor announced that the first cryptocurrency would reach the $300,000 mark by August 25. According to him, digital gold is the easiest way to become a millionaire.