Robert Kiyosaki Bitcoin: Understanding the Financial Guru’s Views on Cryptocurrency
Cryptocurrencies, such as Bitcoin, have become increasingly popular in recent years. As a result, many people are turning to financial experts and celebrities for advice on how best to invest in these digital currencies. One of those experts is Robert Kiyosaki, author of the international bestseller Rich Dad Poor Dad and founder of the educational company Rich Global LLC. In this article we will explore what Robert Kiyosaki has said about Bitcoin and other cryptocurrencies over the years.
What Does Robert Kiyosaki Think About The Potential Of Cryptocurrencies?
When asked about his opinion on cryptocurrency during an interview with RT News in 2019, Robert Kiyosaki responded that he believes “crypto is real” but warned potential investors to be cautious due to its volatile nature. He also stated that he believed there was a place for both traditional fiat currency and crypto within our economy going forward, stating that it may take up to five or ten years before they become widely accepted by mainstream society.
What Are His Tips For Those Investing In Crypto?
In addition to cautioning against investing large amounts of money into crypto without first doing thorough research into its volatility rate, Robert Kiyosaki provided some further tips for potential investors interested in getting involved with cryptocurrency markets:
• Take time to educate yourself – It’s important not only understand what makes each type of coin unique (such as bitcoin vs ethereum), but also stay informed about current market trends;
• Diversify your investments – Don’t put all your eggs into one basket when it comes to any investment;
• Make sure you have enough funds available if needed – Only invest an amount which you can afford should you need access at short notice;
• Understand tax implications – Ensure you know what taxes apply if any when trading in different countries or jurisdictions;
• Consider using stop-loss orders – This allows traders set predetermined points below their entry prices where trades will automatically close out should prices fall too low.
Conclusion
Robert Kiyosaki recognizes that cryptocurrencies remain risky investments due their extreme volatility compared with more established assets like stocks or bonds but is nonetheless optimistic regarding their long term potential within our global economy going forward. By following his advice outlined above anyone looking get involved with cryptocurrency markets should be well placed make informed decisions based upon reliable information sources while minimizing risk exposure wherever possible.”
