Bitcoin’s price may be falling, but renowned investor Robert Kiyosaki isn’t fazed. In fact, he’s taking advantage of the dip to buy more Bitcoin and gold. Kiyosaki, the author of the famous book “Rich Dad Poor Dad,” recently shared his perspective on why he believes holding Bitcoin and gold is a smarter and safer choice than hoarding cash.
In a tweet, Kiyosaki explained his reasoning, stating that owning gold and Bitcoin offers more security compared to saving dollars. This statement sparked a debate among his followers, with some suggesting alternative investments like Litecoin, referred to as “digital silver,” and others pointing out perceived flaws in Bitcoin’s value being tied to the US dollar.
Despite Bitcoin’s recent 4.25% drop in price, currently trading at $96,145, Kiyosaki remains confident in the cryptocurrency’s long-term potential. He sees the price decline as a buying opportunity and views Bitcoin, silver, and gold as being “on sale,” presenting a chance to accumulate more assets.
In other news, several US states are making significant strides in the crypto space. Utah recently passed a bill allowing public funds to be invested in cryptocurrencies, marking a historic move. Following Utah’s lead, states like Kentucky and Maryland are also considering similar initiatives to incorporate Bitcoin investments into their financial strategies.
Maryland has introduced a bill to establish a Bitcoin strategic reserve, funded through gambling violation enforcement revenue, mirroring a proposal by Senator Cynthia Lummis. Additionally, Kentucky has put forth two bills that would enable state retirement funds to invest in digital asset exchange-traded funds (ETFs), further solidifying the state’s commitment to embracing cryptocurrencies.
As the crypto landscape continues to evolve, it’s essential to stay informed and ahead of the latest developments. By keeping up with breaking news, expert analysis, and real-time updates on Bitcoin, altcoins, DeFi, NFTs, and more, investors can make informed decisions and navigate the ever-changing world of cryptocurrencies effectively.