Robert Kiyosaki, author of the book “Rich Dad, Poor Dad”, evaluated the declines in Bitcoin yesterday. Stating that many people should sell but he will continue to buy, Kiyosaki also said that he does not buy and sell.

“If crashes terrify you, sell!”

Commenting on yesterday’s declines on X, the famous author stated that instead of trading during such periods of decline, he focused on other initiatives and worked on them:

“Bitcoin is crashing. Most people should sell. I am waiting to buy more. All markets go up and down. Many people make a lot of money “trading” markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term” capital gains taxes. My strategy is similar to Warren Buffets “buy and hold on forever.” What am I doing if not trading assets? I spend my time building new assets, which is why I am a “serial entrepreneur”. Currently I am working on two new “ start-ups.” If crashes terrify you, sell and hang on tight to your job, which is what most “employees” should do. Simply said entrepreneurs and employees are opposite sides of the same coin. Take care. Rough times ahead. Do what is best for you.”

Kiyosaki has been saying for many years that the world is heading for a major financial crisis and that everyone should buy gold, silver and Bitcoin.