Robert Kiyosaki Will Buy More Bitcoins When Prices Drop

Robert Kiyosaki will buy more Bitcoin when the price drops (Photo; Doc. Unpluggedwithngl)

JAKARTA - Robert Kiyosaki, a well-known investor and author of the best-selling book Rich Dad Poor Dad, revealed that he was waiting for the price of Bitcoin to drop further to buy more of these digital assets. On Monday, Kiyosaki said that panic sales currently reflect the mentality of employees.

Quoted from CryptoPotato, via the X account (formerly Twitter), Kiyosaki stated that he would not be involved in selling when the market was volatile. "Bitcoin is falling. Most people have to sell. I'm waiting to buy more," Kiyosaki wrote. If market collapses are scary for you, sell and hold your job, it's something most employees'' should do.

On the same day, the price of Bitcoin fell to its lowest level in recent months, reaching 58,500 US Dollars (approximately Rp960 million) after previously opening at a price of 61,000 US Dollars (approximately Rp1 billion). Kiyosaki continues to praise Bitcoin as a rare and limited asset, similar to precious metals such as gold and silver, which makes it resistant to inflationary pressures from fiat currencies such as dollars.

Kiyosaki opposes a short-term approach in investing, especially in digital assets like Bitcoin. "The problem with any asset 'trade' is taxes, especially short-term capital profit taxes," he said on Monday. My strategy is similar to Warren Buffet, which is buy and last forever

In March, Kiyosaki called government bonds the "biggest lie" sold by financial planners to ordinary investors as safe investments'. Instead, he called gold, silver, and Bitcoin a real asset' that is ready to explode in value. This month, Kiyosaki even predicted Bitcoin would reach 350,000 US Dollars (approximately IDR 5.7 billion) per coin in August 2024, driven by irresponsible monetary and fiscal policies.

The drop in Bitcoin prices on Monday was triggered by news that Mt. Gox will start returning Bitcoin to its customers next month, after nearly ten years of bankruptcy. A total of 141.686 BTC collected by rehabilitation guardians is now worth more than 8 billion US Dollars (approximately Rp131 trillion), sparking fears that Mt customers. Gox could overwhelm the market with selling pressure after accepting their payments.

Bitcoin prices continued to consolidate below $59,000 on Monday, with a sharper decline than many altcoins. According to CoinGlass, there has been liquidation in the crypto market worth more than 373 million US Dollars (approximately IDR 6.1 trillion) in the last 24 hours.