Robert KiyosakiThe author known for his best-selling book “Rich Dad, Poor Dad” has identified bitcoin as a real-world asset, urging investors and the broader crypto community to shift their approach from stock investments and prioritize bitcoin accumulation.
Buy more bitcoin before it's too late
In a recent post on X (formerly Twitter), Kiyosaki advised Investors will be focused on accumulating more bitcoin now more than ever. Citing the dilemma China's stock market currently faces, the financial expert has suggested that Investors take the opportunity to buy the largest amount of bitcoin. as they can afford it before “the biggest bubble in history bursts.”
Kiyosaki has claimed that China is in “trouble” because the government had borrowed funds to buy more shares to potentially inflate the stock market artificially and stabilize the country's economic challenges. The financial author criticized China's decision, calling it a “foolish” and “desperate” attempt.
According to the author, the root of the problem is the global decline in consumer spending. He advised against investing in stocks and bonds at this crucial time. arguing that the stock market was ready to crash and the current economic situation was not conducive to traditional investments.
Instead, he recommends investing in real assets like gold, silver, and bitcoin, which are historically considered safe havens in times of economic uncertainty.
Supporting the statement of buy more btcpopular crypto analyst and btc enthusiast, michael van de poppe He accepted Kiyosaki's advice, although with a two-year deadline. poppe revealed that after the expected crypto bubble, debt normally collapses and liquidity returns to the dollar and other fiat currencies.
This scenario often leads to a Devaluation of currency and a subsequent rise in the stock market. He suggests that investors take advantage bitcoin's Current Bullish Momentum acquiring more cryptocurrencies. However, he also underscored the value of diversifying investments in the stock market as bitcoin's bullish trends fade.
Finance guru praises fixed btc supply
In another X post, Kiyosaki praise praised for bitcoin, describing the cryptocurrency as a unique investment opportunity due to its fixed supply. As a popular bitcoin advocate, Kiyosaki is known for his preference for investing in tangible assets such as gold, silver, and btc.
According to the finance guru, there were certain drawbacks involved in invest in gold and silver, noting that as the prices of these assets grow, their supply also increases. However, the opposite occurred for bitcoinsince the cryptocurrency has a default maximum supply of 21 million coins.
This scarcity is a key factor driving Kiyosaki's appreciation for the world's largest cryptocurrency, as it implies that no matter how crypto-fever-bitcoin-smashes-records-approaching-73000-milestone/” rel=”nofollow noopener” target=”_blank”>bitcoin price rises hightotal supply will remain limited.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin39s-woes-are-far-from-over-as-more-carnage-looms" alt="Tradingview.com bitcoin Price Chart” width=”3286″ height=”1530″/>
btc price at $64,500 | Source: BTCUSD on Tradingview.com
Featured image from Forbes, chart from Tradingview.com
