Renowned financial educator Robert Kiyosaki shares his perspective on a potential Bitcoin crash, expressing confidence in buying opportunities during market turmoil. Kiyosaki believes in Bitcoin's resilience and sees market crashes as chances to acquire assets on 'sale.'
Iconic financial guru and the acclaimed author behind the bestselling personal finance masterpiece ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has shared an unexpected take on the potential downturn of Bitcoin (BTC).
Notably, Kiyosaki stands as one of the prominent supporters of Bitcoin, asserting that the cryptocurrency could witness substantial growth in the future, despite concerns in some quarters that it might face a catastrophic collapse.
In an X (formerly Twitter) post on February 24, Kiyosaki addressed a recurring query regarding the potential repercussions of a Bitcoin crash, drawing parallels with other precious assets such as gold and silver.
Kiyosaki articulated his thoughts on the hypothetical scenario of a Bitcoin crash, expressing his readiness and enthusiasm to acquire more of the pioneering cryptocurrency once the market turbulence subsides. He reiterated his unwavering confidence in Bitcoin's ability to rebound even if it experiences a temporary devaluation.
The financial educator elaborated on his perspective by framing market crashes as lucrative opportunities for savvy investors. In his view, all market crashes represent assets going on "sale," a sentiment underscored in his concluding statement.
"I am frequently asked, 'What happens if Bitcoin crashes?' My response remains the same for Bitcoin, gold, or silver. I would be delighted and would acquire more once the downturn concludes. All market crashes are simply assets going on sale, which happens to be my favorite four-letter word," Kiyosaki remarked.
Kiyosaki’s Optimistic Outlook on Bitcoin
This perspective aligns seamlessly with Kiyosaki’s longstanding commitment to financial education and seizing opportunities amidst market fluctuations.
It is noteworthy that Kiyosaki has consistently predicted an all-time high for Bitcoin in 2023, citing factors such as the diminishing value of the United States dollar. For instance, as previously reported by Finbold, the author envisions Bitcoin reaching $100,000 by June 2024.
This stance comes as the investor continues to caution against a potential stock market collapse while advocating for Bitcoin, gold, and silver as the optimal choices in such uncertain times, emphasizing their inherent resilience.
In addition, Kiyosaki has attributed the current economic situation to the Federal Reserve, urging investors to look beyond the institution. Instead, he has persistently advocated for ongoing investments in Bitcoin and precious metals.