Robert Kiyosaki Shares His Bitcoin Strategy Amid the Dip
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has once again shared his insights on Bitcoin investment strategies.
In his latest tweet, Kiyosaki spoke about the recent Bitcoin crash and what he is doing during this dip.
Key points:
- Kiyosaki views market crashes as buying opportunities
- He advocates for a “buy and hold” strategy similar to Warren Buffett’s approach
- The author emphasizes building new assets rather than trading existing ones
- Kiyosaki encourages buying Bitcoin in small, affordable amounts regularly
Kiyosaki stated that while the majority enters panic mode and sells during the crash, he is waiting to buy more.
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Kiyosaki’s Bitcoin strategy is similar to Warren Buffet
Kiyosaki draws parallels between his investment strategy and that of Warren Buffett. He stressed that his strategy is similar to that Buffet’s “buy and hold forever” approach.
Rich Dad Poor Dad author distinguishes this strategy from short-term trading. He also highlighted the tax implications of frequent transactions, particularly the burden of short-term capital gains taxes.
In one of his earlier tweets, Kiyosaki confronts the thought that Bitcoin is “too expensive.” He highlighted this perception by stating one of his fundamental investment principles: “Your profit is made when you buy… Not when you sell.”
Kiyosaki advocates for a gradual approach to Bitcoin investment. He encourages people to buy small, affordable amounts consistently over time. Kiyosaki’s latest tweet comes amidst the recent dip in the price of Bitcoin.
Various incidents triggered the price of BTC to plunge below $60,000 for a brief period of time. While the overall market, including meme coins, is showing signs of reversal, Bitcoin and Ethereum still look bearish with no major movements.
