The popular investment advisor is waiting for more corrections in the price of Bitcoin to buy more.
Robert Kiyosaki is a popular author because of his recreation of the book “Rich Dad Poor Dad”. Robert is known to help & suggest people to manage their money perfectly to grab better returns in the future. Robert personally has an investment in Gold, Silver, and many other real-estate sectors. For a few years, Robert is active in the crypto industry and owns investment in Bitcoin.
On 28 June, Robert took to Twitter to share his opinion regarding the recent significant correction in Bitcoin price and noted that few people committed suicide.
Robert said that he is waiting for more losers to quit the Bitcoin investment and for Bitcoin to touch $1100 as an opportunity to buy it.
“Bitcoin losers are quitting some committing suicide.’WINNERs learn from their losses. I am waiting for Bitcoin to “test” $1100. If it recovers I will buy more.”
Robert is ready in almost every situation to see a perfect time to buy and gain without getting into any type of panic of Fomo( fear of missing opportunity).
Recently Toronto-based crypto investment firm Cypherpunk Holding announced that the company sold 205.8209 ETH for proceeds of CAD 293k and 214.7203 BTC for proceeds of CAD 6,086,283. Now the company holds zero Ethereum or bitcoin funds.
Jeff Hao, chief executive officer of Cypherpunk, said that such decisions have been taken by the company because of the ongoing significant volatility in the crypto market. Also, he said that his company is expecting more downfall in the prices of crypto assets.
Cypherpunk CEO added:
“We continue to see systemic risks propagating throughout the crypto ecosystem and, in our assessment of the risk-reward and opportunity costs involved in holding asset tokens, we believe that the most prudent approach is to sit on the sidelines as we wait for the volatility and illiquidity contagion to come to its logical conclusion.”
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