‘Rich Dad Poor Dad’ Author Robert Kiyosaki Sees Market Crashes As Opportunity To Get Richer: ‘Invest When The Cowards Are Quitting’
By Benzinga
Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” has a unique take on market crashes. He believes that these turbulent times are when the brave get richer and the cowards get poorer.
What Happened: Kiyosaki took to X to share his thoughts on the current market situation. He expressed excitement about the market crash, stating that it is an opportunity to buy more Bitcoin (CRYPTO: BTC), gold, and silver. He also urged investors to stay calm and invest when others are quitting.
“Crashes are times 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,” Kiyosaki wrote.
His comments come in the wake of a significant market downturn that has been spreading globally. The situation has sparked concerns among top financial experts, with some warning of a deepening market selloff.
Why It Matters: Kiyosaki’s views on market crashes are in line with his recent statements. Just a few days ago, he described the recent stock market declines as an opportunity for wealth accumulation, echoing his ‘Rich Dad’ teachings.
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 engulfed 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 (CRYPTO: ETH) hit an intraday bottom of $2,152, recording its steepest drop since December 2022, as fears of a recession and a war grip investors.
Image Via Flickr
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
