As the majority of assets in the cryptocurrency market are witnessing a major dip in price, its representative, Bitcoin (BTC), is no exception, but popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki sees the decline as a golden opportunity.
Specifically, Kiyosaki has identified the current market crash as the time to stock up on the assets that are declining, including Bitcoin, gold, and silver, arguing that moments such as this one are the time to be brave when others are cowering, according to his X posts on August 5.
Bitcoin price 7-day chart. Source: Finbold
All things considered, Kiyosaki may have a point in his most recent observations, especially considering the fact that most crypto experts share a view that Bitcoin will recover from its current losses and continue upwards in the years to come, perhaps even hitting the $95,000 target this year.
That said, trends in the crypto market can sometimes change on a whim, so doing one’s own due diligence and careful research, as well as keeping up with any Bitcoin news, prediction pieces, and relevant developments, is critical when investing large sums of money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
