when

<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p lang="en-GB" xml:lang="en-GB">Vocal Bitcoin supporter and investor <a href="https://u.today/rich-dad-poor-dad-reveals-important-nuance-about-bitcoin-btc">Robert Kiyosaki</a>, widely known for his personal finance management book “Rich Dad Poor Dad,” has taken to X (formerly known as Twitter) account to reveal his current Bitcoin strategy.</p>
<p lang="en-GB" xml:lang="en-GB">His main point is that the best time to buy an asset is when it crashes.</p>
<h2 id="bitcoin-is-crashing-i-m-waiting-to-buy-more">"Bitcoin is crashing, I'm waiting to buy more"</h2>
<p lang="en-GB" xml:lang="en-GB">Kiyosaki tweeted that the Bitcoin price is currently seeing a massive crash as it went down below $63,000 on Monday. The financial guru warned his community that since Bitcoin is crashing now and many people are selling, he is preparing to buy more BTC.</p>
<blockquote>
 <p lang="en" dir="ltr">Bitcoin is crashing. Most people should sell. I am waiting to buy more.All markets go up and down. Many people make a lot of money “trading”markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term”…</p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1805259580835799500?ref_src=twsrc%5Etfw">June 24, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">Kiyosaki also shared some crucial observations about trading in the current state of financial markets. “All markets go up and down,” he tweeted, and now they are going down. Still, traders always trade assets, he said. However, according to Kiyosaki, the big problem with trading any asset is that traders have to pay taxes and, in particular, they must pay short-term capital gains taxes on their profits from trading.</p>
<p lang="en-GB" xml:lang="en-GB">While they are doing that, Kiyosaki prefers to apply Warren Buffett’s favorite investment strategy to Bitcoin – “buy and hold on forever.” It is worth noting here that Buffett is a rigorous Bitcoin critic, and in 2018 he called BTC “rat poison squared” during the annual shareholder meeting of his investment company, Berkshire Hathaway. His opinion on the flagship cryptocurrency has not changed since then.</p>
<h2 id="rough-times-are-ahead">"Rough times are ahead"</h2>
<p lang="en-GB" xml:lang="en-GB">In the second part of his tweet, <a href="https://u.today/rich-dad-poor-dad-author-names-easiest-way-to-become-a-millionaire">Kiyosaki warned</a> his 2.5 million X audience that “rough times are ahead.” He explained that he prefers not to trade assets but to build new assets. For this reason, he refers to himself as a “serial entrepreneur”; at the moment, Kiyosaki revealed, he is building two new start-ups, without specifying the sphere they are in.</p>
<p lang="en-GB" xml:lang="en-GB">Previously, Kiyosaki mentioned that he owned a gold mine and was looking to buy an oil well, too. He prefers to invest not only in Bitcoin, but he also actively buys and holds gold and silver. The financial guru believes all three to be safe haven assets, which are worth stacking.</p>
<p lang="en-GB" xml:lang="en-GB">Recently, Kiyosaki made a prediction that he expects Bitcoin to reach $300,000 by September.</p>

‘Rich Dad Poor Dad’ Author Waits to Buy More Bitcoin: 'Rough Times Ahead'

Inhaltsverzeichnis

U_Today

Weitere Artikel, die am 25. Juni 2024 veröffentlicht wurden

ETH: How Much for Crypto Millionaire by 2025

Meme Coin Mania: Top Meme Coins Signal 2x Surge In July

Dogecoin Attracts Nearly $21 Million in Accumulation Amid Market Decline: Can Bulls Spark a DOGE ...

Bitcoin defi tool developer ALEX Lab says Lazarus Group likely behind $4m hack

Bitcoin ETFs begin third week of outflows amid market-wide FUD

Ripple Faces Challenges in Maintaining Stable Price

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!