Kiyosaki said he applies Warren Buffett’s strategy to BTC.
Author of the book personal financial management “Rich Dad Poor Dad”Robert Kiyosaki, a Bitcoin advocate and investor, revealed his current Bitcoin strategy on his X account.
According to Kiyosaki, the best time to buy an asset is when it is in trouble. He tweeted that, “Bitcoin is collapsing, I’m waiting to buy more,” amid Bitcoin price falling below $63,000 on Monday.
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”…— Robert Kiyosaki (@theRealKiyosaki) June 24, 2024
The financial expert warned his community that because Bitcoin is currently falling in price and many people are selling he is preparing to buy more BTC.
He tweeted that, “All markets go up and down, and now they’re going down.” Kiyosaki prefers to apply the investment strategy of Warren Buffett into Bitcoin – “Buy and keep forever.
In the second part of the tweet, Kiyosaki warned the 2.5 million viewers on X that “hard times are ahead.” Previously, he mentioned that he owned a gold mine and also wanted to buy an oil well. Not only does he like to invest in Bitcoin, but he also actively buys and holds gold and silver.
Financial experts believe that all three are safe haven assets worth hoarding.
Recently, Kiyosaki made a prediction that he expects Bitcoin to reach $300,000 by September.
Robert Kiyosaki advises buying Bitcoin before the price explodes
