Kiyosaki believes that the drop in the Bitcoin price indicates that it is a good time to invest and become rich. The investor, who first bought BTC at USD 6,000 and USD 9,000, said gold is currently a bargain.
Robert Kiyosaki, the author of Rich Dad Poor Dad, has said that the drop in the Bitcoin price is excellent news. He recently shared with his more than 1.8 million Twitter followers that profits come when buying, not when selling. He explained that a good income is crucial for investors and suggested that BTC is getting closer.
The American investor recalled he first purchased the pioneering cryptocurrency at USD 6,000 and USD 9,000. He also told his followers that the time to become richer was coming. Concerning silver, he noted that the price is 50% below its all-time high, implying that it is a bargain.
Last year, Kiyosaki stated that BTC, gold, and silver make people smarter, wealthier, and more resistant to the Federal Reserve. It is no wonder that Kiyosaki has such a high opinion about the leading cryptocurrency on the market since he is a Bitcoin HODLer.
New York Mayor Does Not Regret Receiving His First Salary in Bitcoin
Eric Adams, the 110th mayor of New York City, recently received his first Bitcoin payment during epic bearish price action. However, the cryptocurrency advocate said that he did not feel sorry about receiving his first salary in BTC.
He expressed excitement about attracting young people to that new technology, to which they historically did not have any access. Due to US Department of Labor laws, he received the payment in US dollars, which he converted into digital currencies on a cryptocurrency exchange.
The Bank of Korea Completes the First Phase of its CBDC Pilot Project
The central bank of South Korea said that it completed the first phase of its CBDC simulation testing in December. They are currently conducting the second phase, according to local media. The first phase of the pilot project included core functions of the sovereign digital currency, like distribution and issuance.
The financial institution expects the second phase to end in June 2022, after which they intend to establish an official launch and marketing plans.
A Study Reveals that Men Check the Bitcoin Price more often than Women
A recent study by the Journal of Business, Economics, and Finance indicates that 60% of women know little about cryptocurrencies, a critical element that affects investments. Meanwhile, two-thirds of men have a medium and high level of understanding of crypto assets.
According to the analysis, men follow their investments more often than women and take more risks. In the case of women, they try different investment tools due to their lower-income and level of knowledge about cryptocurrencies.
Although many analysts consider that the pioneering cryptocurrency is undergoing a catastrophic crisis, Kiyosaki views it as an opportunity. He agrees with other experts that investors should buy the dip to obtain significant profits in the long term. However, several studies show that the level of knowledge about BTC allows making better decisions.
By Alexander Salazar
