R Kiyosaki unveils his strategy for trading Bitcoin
Renowned investor and finance author Robert Kiyosaki has revealed his trading strategy for Bitcoin (BTC), emphasizing the importance of buying when the price is low and holding onto it indefinitely. Despite the current market downturn, Kiyosaki believes in the cyclical nature of markets and is waiting to buy more Bitcoin. He also highlighted the issue of short-term capital gains taxes associated with trading assets, which is why his approach aligns with Warren Buffett’s “buy and hold” strategy. Instead of selling, Kiyosaki is focusing on building new assets and working on two new start-ups. He advised individuals who are afraid of market crashes to hold onto their jobs, emphasizing the importance of doing what is best for oneself.
Kiyosaki has consistently advocated for investing in Bitcoin and other cash-flowing assets like gold and silver as a means of protecting against inflation and potential economic downturns. He believes that crashes present opportunities for wealth accumulation, as bargains emerge during these periods. He also supports the prediction made by Cathie Wood, the CEO of ARK Invest, who believes that Bitcoin could reach $2.3 million per coin.
As of now, Bitcoin is trading at $60,619, experiencing a 2.90% decline in the past 24 hours, a 7.66% decrease over the past week, and a 12.36% loss on its monthly chart. It is important to note that this information should not be considered investment advice, as investing always carries risks.
