Investors are concerned about a possible Bitcoin price drop, yet Robert Kiyosaki, author of 'Rich Dad Poor Dad', sees this as an opportunity.
Kiyosaki's Strategy on Bitcoin
Kiyosaki believes that falling Bitcoin prices might present an excellent chance to increase his investments in this currency. According to him, the panic around price drops is spread to scare off short-term investors. Kiyosaki has long viewed Bitcoin as a hedge against inflation and the depreciation of traditional currencies. At the time of writing, Bitcoin is trading at $108,062, up 0.53% in the last 24 hours. He hopes crypto prices drop so he can buy more.
Support from the Bitcoin Community
Kiyosaki is not alone in his support for Bitcoin. He referenced Michael Saylor, who predicts much higher future prices. Saylor believes Bitcoin could reach $13 million in the next ten years, and $21 million by the mid-2040s. These bold predictions bolster Kiyosaki's confidence that Bitcoin will increase in value due to its decentralized nature and limited supply.
Kiyosaki Against Dollar Depreciation
Kiyosaki's support for Bitcoin is closely tied to his concerns about traditional paper money, especially the US dollar, which he sees as losing its value. He attributes this to central banks' continuous money printing during economic crises, leading to inflation. In this light, Kiyosaki views Bitcoin as a more effective means of protecting wealth, given its fixed supply.
Thus, Robert Kiyosaki asserts that potential price drops in Bitcoin create opportunities for investors to expand their portfolios, while emphasizing the importance of cryptocurrency as a hedge against inflation and a means to build future wealth.
