Thursday, May 19, 2022

Robert Kiyosaki is planning to add more bitcoins to his portfolio.

The Takeaway:

Robert Kiyosaki, a leading American businessman and author of Rich Dad Poor Dad, recently revealed that he plans to add more Bitcoins to his portfolio.

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Robert Kiyosaki, a leading American businessman and author of Rich Dad Poor Dad, recently revealed that he is planning to enhance his Bitcoin portfolio during the market correction. The founder of Rich Global LLC told his followers that he purchased the crypto asset when it was trading near $6,000 and $9,000. 

 

Kiyosaki is not the only prominent figure who is holding Bitcoin. 

Kiyosaki is not the only well-known figure who is holding Bitcoin. Ray Dalio, the founder of Bridgewater Associates, revealed in May 2021 that he is a holder of the world’s most dominant digital asset. He also called Bitcoin’ digital cash’. BTC crashed by almost 50% in the last two months. However, large holders of the cryptocurrency believe that its fundamentals are strong enough to support its long-term price growth. Kiyosaki said that the latest price crash is a buying opportunity for long-term holders. 

“Your profits are made when you buy, not when you sell. The price of BTC is crashing. Great news. I bought Bitcoin at $6K and 9K. I will buy more if and when BTC tests $20k. Time to get richer is coming. Silver best bargain today. Silver still 50% below high,” he said.

 

Institutional holders increased their Bitcoin holdings.

Despite a massive reduction in its price, institutional holders increased their Bitcoin holdings. One such example is MicroStrategy. Even countries are now buying the BTC dip. As reported earlier, El Salvador, the Central American nation that accepted Bitcoin as legal tender last year, recently acquired 410 BTC in a deal worth $15 million. “It’s important to remember that countries such as El Salvador are paving the way with declaring Bitcoin a legal tender and are introducing new financial instruments such as the Volcano bonds that leverage natural mining resources,” Paxful CEO Ray Youssef, said.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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