Renowned financial educator and author of the personal finance bestseller “Rich Dad Poor Dad,” Robert Kiyosaki, has offered an unexpected perspective on Bitcoin’s (BTC) potential crash.
Notably, Kiyosaki is among Bitcoin's notable supporters and claims that the asset can see significant gains in the future, despite a section of the market emphasizing that the cryptocurrency has the potential to fall to zero.
With this in mind, in an X (formerly Twitter) post on February 24, Kiyosaki addressed the frequently asked question about the possible consequences of a Bitcoin crash, drawing parallels to other valuable assets such as gold and silver.
Kiyosaki shared his thoughts on the hypothetical scenario of a Bitcoin crash, stating that he would be happy and ready to buy more of the first cryptocurrency once the market turmoil subsides. He emphasized his unwavering confidence in Bitcoin's resilience to bounce back if it loses value.
The financial educator further explained his point by describing market crashes as opportunities for smart investors. According to him, all market crashes are essentially assets going for “sale,” a sentiment reflected in his final statement.
“I am often asked, “What happens if Bitcoin crashes?” My answer is the same for Bitcoin, gold or silver. “My answer is, 'I would be happy and buy more once the crash stops.' All market crashes are about assets, and 'sell' is my favorite four-letter word,” Kiyosaki said.
Kiyosaki's bet on Bitcoin
This perspective is consistent with Kiyosaki's long-standing belief in financial literacy and seizing opportunities during market fluctuations.
It is worth noting that Kiyosaki has claimed that Bitcoin is set to reach an all-time high in 2023, citing driving factors such as the declining value of the US dollar. For example, as Finbold reports, the author believes that Bitcoin will likely trade at $100,000 by June 2024.
This comes as the investor continues to warn of a possible collapse in the stock market, while claiming that assets such as Bitcoin, gold and silver are the best bets in such an event, highlighting their resilience.
Additionally, Kiyosaki blamed the Federal Reserve for the current economic situation and urged investors not to focus on the institution. Instead, Kiyosaki has in the past advocated for further investments in Bitcoin and precious metals.
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