“Bitcoin Is Crashing”: Why Most People Should Sell Their BTC – Robert Kiyosaki

The author of “Big Dad, Poor Dad” addressed the ongoing issues in the crypto market as the price of Bitcoin dropped again to $61k. He acknowledged the price decline saying “Bitcoin is Crashing” mentioning that most people should consider selling their BTC assets so he can get more chances to increase his Bitcoin positions. 

Long-Term Holding vs. Active Trading

The best-selling author talked about the cyclical nature of markets, saying all assets experience ups and downs. Because of this many people employ strategies that will allow them to buy low and sell high. However, Kiyosaki thinks this strategy is also not tax-friendly, frequent trading could make tax costs pile up.

Drawing a parallel to Warren Buffett’s investment philosophy, Kiyosaki expressed his preference for a “buy and hold forever” strategy. This approach aligns with his focus on building new assets rather than actively trading existing ones.

Kiyosaki shared that he currently identifies as a “serial entrepreneur,” working on two new startup ventures. This revelation highlights his commitment to creating value through business development rather than relying solely on market fluctuations.

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Advice for Different Investor Profiles

The author offered tailored advice for different types of investors:

  1. For those easily unnerved by market volatility: Kiyosaki suggested selling assets and focusing on job security.
  2. For employees: He recommended holding onto their jobs, implying that steady employment might be a safer option during turbulent economic times.
  3. For entrepreneurs: Kiyosaki made a comparison between the mindset of an entrepreneur and that of employees, describing them as “opposite sides of the same coin.”

The financial guru acknowledged the tough times in the crypto market and urged investors to make decisions based on their circumstances and how well they can handle risks.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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