Famous economist and author of 'Rich Dad Poor Dad', Robert Kiyosaki, shared his insights about the current state of the Bitcoin market, highlighting potential risks for investors.
Kiyosaki's Opinion on Current Market Conditions
After Bitcoin's price surpassed $118,000, Kiyosaki expressed that the market has entered a phase of extreme enthusiasm. In this context, he pointed out that many investors might make impulsive decisions driven by emotions.
Investment Strategies During Market Excitement
Kiyosaki mentioned that his last Bitcoin purchase was at $110,000. He is now in a strategic holding period and advises investors to act patiently, avoiding panic buying driven by FOMO. He believes that real profits are achieved not at the time of sale, but by buying at the right time.
Kiyosaki's Future Predictions
Kiyosaki also believes that a major dollar collapse is imminent in the U.S. He continues to advocate for investments in Bitcoin, gold, and silver as a hedge against economic uncertainties.
Economist Robert Kiyosaki emphasizes the importance of a thoughtful approach to investments amidst market fluctuations and warns against hasty decisions driven by emotions.
