‘Don’t Be a Loser!’ Robert Kiyosaki Dismisses High Prices as a ‘Bad Excuse’ for Retail Investors to Miss Bitcoin.
Famous financial expert and author of the book “Rich Dad Poor Dad” Robert Kiyosaki has once again made headlines in the crypto world for his harsh views on Bitcoin (BTC). Kiyosaki calls on those wondering whether Bitcoin’s current price is a valid investment entry, “Don’t be a loser.” While retail investors debate whether to stay away from Bitcoin, Kiyosaki completely rejects the idea. He says this is just a “lame excuse” not to invest, which could deprive investors of a life-changing opportunity.
Don’t miss:
Kiyosaki’s bold words came in response to retail investors remaining skeptical of Bitcoin’s price action. This fear stems from the fact that Bitcoin has been stuck in a period of unstable consolidation since its all-time highs in March. The longer Bitcoin stays here, the more hesitant retail investors become and fear a pullback. Kiyosaki insists this fear is unfounded and says the reason most investors fail is to influence market sentiment.
Kiyosaki’s investment philosophy is based on strategic risk taking and market trend analysis. He argues that successful investments are made by taking advantage of the fear and greed of the market, rather than bowing to it. Kiyosaki distinguishes himself with his unique investment strategy by considering deflationary assets such as Gold, Silver and Bitcoin as “sold” when prices are low. Instead of giving in to the market’s fear when prices are low, it looks for investment inflows at these oversold prices. Asset belief, which indicates confidence that prices will rise to all-time highs, plays a vital role in generating profits.
Synonymous with his strong belief in fixed-supply assets, Kiyosaki is committed to inflationary assets such as the US dollar. He has long been critical of holding fiat currencies – in a post on he exclaimed. Twitter) from 2023. This position is rooted in the ability of governments to print more supply and expose fiat currencies to inflation. Bitcoin, by contrast, has a fixed supply of 21 million tokens on its blockchain, allowing price to be directly correlated with demand.
Trend: Owning 6 Ethereum (ETH) can make you a millionaire, according to Cathie Wood, here’s why it might be true.
In another post on X, Kiyosaki mocks the average, financially uneducated person and insists, “Workers and savers are the losers.” This further reinforces his stance that the traditional practice of savings is an inferior method of preserving assets than a strategic investment.
The story continues
We all face the psychological struggle of owning volatile investments, and it can be helpful to remind ourselves of prestigious ideas. Kiyosaki’s price prediction for Bitcoin is nothing but bullish. In early June, Kiyosaki appealed to X again, saying, “I am sure that Bitcoin will reach $350,000 in 2024.” Despite recent fluctuations, his optimistic outlook on Bitcoin gives hope to many crypto investors who are questioning their assets.
In summary, Kiyosaki’s message is clear: High prices should not be an excuse for inaction. It is very important to look at more important factors such as market trends and invest for the long term rather than trying to make a quick profit. Kiyosaki transparently accumulates top cryptocurrencies like Bitcoin, Ethereum (ETH), and Solana (SOL) on every bearish opportunity and advises you to do the same.
Read Next:
“THE SECRET WEAPON OF ACTIVE INVESTORS” Boost Your Stock Market Game with the #1 “news and everything else” trading tool: Benzinga Pro – Click here to start your 14-Day Trial Now!
Want to get the latest stock analysis from Benzinga?
This article ‘Don’t Be a Loser!’ Robert Kiyosaki Dismisses High Prices as a ‘Bad Excuse’ for Retail Investors to Miss Bitcoin. appeared first on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.