Famous economist and author of the book Rich Dad Poor Dad, Robert Kiyosaki, gave striking messages to investors after Bitcoin surpassed the $118,000 level.
Sharing on his social media account, Kiyosaki said that the market has entered a period of extreme enthusiasm and that many people may invest without thinking and with emotional reactions during this period.
Kiyosaki stated that he made his last purchase at $110,000, and that he has now entered a strategic holding period. The analyst claims that investors who act patiently and cautiously, without being swayed by market excitement, will profit in the long run. The experienced investor noted that those who panic-buy due to FOMO (fear of missing out) during this period face a high risk of losses.
Kiyosaki said, “Real profits are achieved not at the time of sale, but by buying at the right time,” and asked investors to look for opportunities during market fluctuations and avoid sudden reactions.
Kiyosaki believes that there will be a major dollar collapse in the US in the near future and has been making statements in favor of Bitcoin, gold, and silver.
*This is not investment advice.