Bitcoin

Dogecoin

Reserve

<div class="finbold">
 <p class="paragraph">Renowned financial educator and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad,’ </em>Robert Kiyosaki, has expressed an unexpected perspective on the potential crash of Bitcoin (BTC).&nbsp;</p>
 <p class="paragraph">Notably, Kiyosaki ranks among the notable backers of Bitcoin, maintaining that the asset can record significant gains in the future despite a section of the market stressing that the cryptocurrency has the potential to plunge to zero.&nbsp;</p>
 <p class="paragraph">In this line, in an X (formerly Twitter) post on February 24, Kiyosaki addressed the common question he receives about the possible consequences of a Bitcoin <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>, drawing parallels with other precious assets like gold and silver.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies to avoid trading next week <span class="self-center text-xs text-slate-500">50 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    AVAX sell-off alert: Avalanche suffers major outage <span class="self-center text-xs text-slate-500">20 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Dogecoin competitor threatens 100% bullish breakout <span class="self-center text-xs text-slate-500">22 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Early backers fund Flare, reducing liquidity and fueling increased investment in the ecosystem <span class="self-center text-xs text-slate-500">22 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Kiyosaki shared his thoughts on the hypothetical scenario of a Bitcoin <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>, stating that he would be <a rel="noopener noreferrer nofollow" title="happy" href="https://thebittimes.com/tag/happy.html">happy</a> and ready to purchase more of the maiden cryptocurrency once the market turmoil settles. He emphasized his steadfast confidence in the resilience of Bitcoin to rally again in the event it loses its value.&nbsp;</p>
 <p class="paragraph">The financial educator further explained his viewpoint by framing market crashes as opportunities for savvy investors. According to him, all market crashes are essentially assets going on “sale,” a sentiment reflected in his concluding statement.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I am often asked “What&nbsp; happens if Bitcoin <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>es?” My reply is the same for Bitcoin, gold, or silver. My reply is “I would be <a rel="noopener noreferrer nofollow" title="happy" href="https://thebittimes.com/tag/happy.html">happy</a> and I would buy more, once the <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>ing stops.” All market <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>es are, are assets going on and “sale” is my favorite four letter word,” Kiyosaki said.&nbsp;</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-kiyosaki-s-bet-on-bitcoin-nbsp">Kiyosaki’s bet on Bitcoin&nbsp;</h2>
 <p class="paragraph">This perspective aligns with Kiyosaki’s long-standing belief in financial education and seizing opportunities during market fluctuations.</p>
 <p class="paragraph">It is worth noting that Kiyosaki has maintained that Bitcoin is slated for an all-time high in 2023, citing driving factors such as the diminishing value of the United States dollar. For instance, as reported by Finbold, the author believes that Bitcoin will likely trade at $100,000 by June 2024.&nbsp;</p>
 <p class="paragraph">This comes as the investor continues to caution about a possible collapse of the stock market while maintaining that assets such as Bitcoin, gold, and silver are the best bets in such an event, stressing their resilience.&nbsp;</p>
 <p class="paragraph">Additionally, Kiyosaki has blamed the Federal Reserve for the current economic situation while urging investors not to focus on the institution. Instead, Kiyosaki has, in the past, advocated for continued investment in Bitcoin and precious metals.&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/robert-kiyosaki-explains-why-he-would-be-happy-if-bitcoin-crashes-tbt80712.html">https://thebittimes.com/robert-kiyosaki-explains-why-he-would-be-happy-if-bitcoin-crashes-tbt80712.html</a></p>

Robert Kiyosaki explains why he ‘would be happy’ if Bitcoin crashes

Table of Contents

TheBitTimes

Other articles published on Feb 24, 2024

Web3 decentralized streaming DeeStream (DST) presale hits home for Cardano (ADA) & Bitcoin (BTC) ...

Bitcoin’s Recent Rally Triggers Increase in Millionaire Investors

Sponge Token Staking Surpasses $10 Million, Anticipation Builds For V2 Release

Top Trending Crypto Coins on Solana Chain Today – KIN, ORCA, Zebec

Top Trending Crypto Coins on Solana Chain Today – KIN, ORCA, Zebec

Zoniqx Joins Forces with Ripple to Streamline Tokenization on the XRPL

Join our free newsletter for daily crypto updates!