Best-selling author “Rich Dad, Poor Dad” Robert Kiyosaki took to Twitter on Sunday to be excited about Bitcoin’s (BTC) decline, which has seen renewed pullbacks over the past few days. This is the ideal time to buy for the investor. BTC was nearing the $33,000 support on Monday, at the time of writing.
Profits are made on buying, not selling.” The bitcoin price drop is good news. I bought at 6,000 and 9,000. I will buy more if I test $20,000, he said.
WOW: words of wisdom. “Your profits are made when you buy, not when you sell.” Bitcoin’s price plummets. Great news. I bought BC for $6,000 and 9,000. I will buy more when BC tests $20k. The time to get richer is coming. Silver the best bargain today. Silver still 50% below high.
to???? therealkiyosaki (@theRealKiyosaki)Â January 24, 2022
A day earlier, in another post, the controversial Kiyosaki made it clear that his “bullish appetite” and investment advice on buying BTC and other assets would not get in the way of debates about the direction of the market:
words of wisdom. 1: “Don’t teach pigs to sing. It wastes your time and annoys the pig.” 2: “If you argue with one idiot, there are two idiots.” 3: “Wisdom is scarce. Stupidity is infinite.” This is no time to argue with pigs. Be careful. Buy gold, silver and bitcoin.
Earlier this month, Robert also commented again on the Federal Reserve’s (Fed’s) currency printing, implying that the “market crash” is the result of a bubble created by the United States government last year, but that brings opportunities:
Good news. The NASDAQ is down 2%. Gold fell 0.2%. Bitcoin is down 1.4%. Silver up 0.01%. The SP fell 1.6%. The markets break. The Fed will not print counterfeit money. Good news. The market crash is the best time to get rich. Shop when Walmart and the Financial Markets are on sale.
In December last year, Robert Kiyosaki accused President Joe Biden’s administration of artificially dragging the economy into the red to encourage the liquidation of assets, including BTC, to help the wealthiest.
Binance founder Changpeng Zhao, CZ, gave similar advice to Kiyosaki in an interview with InfoMoney late last year. At the time, the CEO of the world’s largest cryptocurrency exchange said he believed the money the Fed pumped into the economy in 2021 had not yet been diluted by the market. “Just buy and hold,” CZ said, is favored by the dilution of that capital, which, according to him, is still concentrated in the hands of large investors.