As the author of the best-selling book “Rich Dad Poor Dad,” I have always had a unique perspective on market crashes. In these turbulent times, the brave get richer and the cowards get poorer.
Recently, I took to X to share my thoughts on the current market situation. Let me tell you, I’m excited about the market crash. It’s an opportunity to buy more Bitcoin (BTC/USD -9.18%), gold, and silver. I urge investors to stay calm and invest when others are quitting
Crashes are when the brave get richer and the cowards get poorer because they sell or do nothing. The world is filled with poor cowards. Be smart. Grow some balls, stay calm, and invest when the cowards are quitting. Take care.
Here is a picture of my feather-ruffling tweet:
Just a few days ago, I described the recent stock market declines as an opportunity for wealth accumulation, echoing the teachings of ‘Rich Dad.’
However, the market downturn has been a cause for concern for other financial experts. The global stock market selloff, which began in the U.S., has now spread to Japan, leading to a significant drop in the Nikkei 225 and Topix.
Meanwhile, the cryptocurrency market has also been in turmoil, with major coins experiencing their worst intraday decline of 2024. Bitcoin hit an intraday low of $52,559, a level not seen since late February, and Ethereum (ETH/USD -16.3%) hit an intraday bottom of $2,152, recording its steepest drop since December 2022, as fears of a recession and a war grip investors.
Remember, crashes are opportunities. Invest when the cowards are quitting.
To your riches,
Robert Kiyosaki
Contributor, Freedom Financial News
