Benzinga - In the face of a significant drop in Bitcoin’s price, “Rich Dad Poor Dad” author Robert Kiyosaki remains unfazed and plans to increase his cryptocurrency holdings.
Currently, Bitcoin (BTC) is seeing a 5.5% drop in the last 24 hours, trading at around $52,300. This represents a 11% decrease within the past week, stirring unease among crypto enthusiasts.
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Despite the market downturn, Kiyosaki expressed his intention to buy more Bitcoin, aligning with investors who view the dip as a buying opportunity. He said on X, "Bitcoin is crashing. Most people should sell. I am waiting to buy more." He also claims his investment strategy mirrors that of Warren Buffett’s "buy and hold forever."
Kiyosaki has consistently advocated for Bitcoin, even amidst claims of the cryptocurrency being overpriced. In March, he even went as far as saying he would continue buying as many as he can, even if the coin falls to $200.
His recent statements further reinforce his stance on buying and holding Bitcoin, regardless of its current market price. The broader crypto industry remains hopeful for a Bitcoin recovery by the end of June, with some predicting a potential value of $100,000.
The recent Bitcoin crash has not only affected its price but also led to a $300 million liquidation spree in the crypto market. As reported by CoinGlass earlier today, $309 million worth of crypto has been liquidated in the past 24 hours alone, with long positions accounting for the majority of these liquidations ($272 million).
Despite the market volatility, Kiyosaki’s bullish stance on Bitcoin could influence other investors to view the dip as an opportunity to increase their holdings. His belief in Bitcoin’s potential for growth, even amidst market crashes, could signal a shift in investment strategies towards long-term holding.
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