Robert Kiyosaki says profit is not made when you sell but when you buy: Bitcoin

The famous author of Rich Dad Poor Dad shared his point of view on the current situation of this market of Crypto, in particular Bitcoin volatility. 

Robert Kiyosaki is a famous personality in the crypto and non-crypto sector as an investor. Through the book ” Rich Dad Poor Dad”, Robert grabbed huge popularity and also revenue in the past. Robert didn’t only teach the whole world with his book but also used the same things for himself to increase his wealth and earnings. 

In the latest, he shared his point of view on the current situation of Bitcoin. Robert said that it is good news for those for him and other people who are like him. But it is going to be bad news for boomers. 

“So (a market meltdown is) good news for us, but it’s bad news for the boomers. Very bad news.”

Robert further explained how it is good news for him. He said that people will make a profit when they buy at a low price, not at a high price. 

“So as my rich dad said to me, ‘A profit is not made when you sell but when you buy” 

So basically he took the reference of a line of his book and explained that investors needed to invest wisely instead of investing in any asset blindly at any price. 

Further, Robert said that he doesn’t care about the price of Bitcoin because his entry price in Bitcoin is $6,000. 

“So Bitcoin going up and down – I don’t really care because my entry point (was)$6,000. It’s always your entry point and how many… coins do you have.”

Robert also reminded that Bitcoin and Ethereum are outside of the Federal Reserve system but still these can be halted, example is China. 

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