Rich Dad supports Bitcoin: Those warning of a crash just want to scare you
Robert Kiyosaki, the author of the famous financial bestseller (Rich Dad Poor Dad), once again urges investment in Bitcoin ($BTC) and criticizes those who are bearish on Bitcoin.
According to (CoinPost), Kiyosaki posted on July 5, stating that those warning of a Bitcoin price crash are just trying to scare speculators, calling those who issue warnings clickbait losers.
Kiyosaki criticizes those predicting a crash in Bitcoin, stating that their purpose is merely to gain traffic and more attention.
He is very optimistic about Bitcoin's long-term performance and even hopes for a brief crash in Bitcoin so he can buy more Bitcoin.
Source: X Rich Dad supports Bitcoin: Those warning of a crash just want to scare you
Rich Dad: The poor focus on price, the rich focus on quantity
When it comes to Bitcoin assets, Kiyosaki has maintained the idea of holding for the long term. He mentioned in a June post: 'The poor focus on price, the rich focus on quantity,' believing that investors should not let the price fluctuations of Bitcoin affect their emotions, but rather focus on increasing their holdings.
Kiyosaki previously revealed that he started buying Bitcoin consistently since its price fell to 6,000 dollars, hoping to use more fake money (fiat currency) to buy more Bitcoin.
Further reading:
Rich Dad wins again! Reveals he holds 73 Bitcoins: Do 'this thing' and you have a poor mindset
Source: X Rich Dad author: The poor focus on Bitcoin price, the rich focus on quantity
Rich Dad frequently warns of a stock market crash, optimistic about Bitcoin reaching 1 million
Although Kiyosaki criticizes those warning of a Bitcoin crash, he himself often warns that the stock market is about to crash.
(Crypto City) Previous reports indicate that Kiyosaki warned that the U.S. is heading towards an unprecedented economic disaster, and the next economic recession will surpass the Great Depression. He cited his own 2013 publication, (Rich Dad's Prophecy), predicting that the largest market crash in history will occur this summer.
He once predicted that Bitcoin would rise to 1 million dollars by 2030 and suggested that investors shift their funds to Bitcoin, gold, and silver during a market crash, believing that billions of dollars will flow into these assets when the stock, bond, and real estate markets crash.
Among these three assets, he currently favors silver the most, believing it to be the biggest bargain and predicting that silver could triple by 2025. He stated he would personally visit local precious metal dealers to exchange 'fake money' (dollars) for real silver and gold.
Further reading:
Rich Dad or Poor Dad? How did Kiyosaki, who keeps telling everyone to buy Bitcoin, perform in the first half of the year?
This content was compiled and generated by Crypto Agent from various sources, reviewed by (Crypto City), and is still in training, which may contain logical deviations or information errors. The content is for reference only and should not be considered investment advice.
'Rich Dad: Don't listen to those scaring you about a Bitcoin crash! The poor only focus on price, and a crash is a buying opportunity' was originally published in 'Crypto City'
