The current era is the one in which to become richer, according to Robert Kiyosaki, author of “Rich Dad, Poor Dad” one of the most well-known business books of our time.
He ended his 2013 book “Rich Dad Prophecy” which forecasted a market crash worse than the global financial crisis of 2008, with this assertion. Cryptocurrencies have since entered this market.
The author claims that you ought to become wealthy rather than one of them. According to Kiyosaki’s earlier assertion, maintaining your sanity and maintaining a level head are prerequisites for avoiding financial ruin.
It is difficult to disagree with Robert Kiyosaki when he says that the greatest moment to buy is when markets are rife with “blood,” also quoting Warren Buffett, who, ironically, is a well-known opponent of cryptocurrencies.
Monday has come and gone. The S&P500 index of stocks, which represents the stock market, continues to fall downward after recovering from the $4,000–$3,950 support level.
Additionally, Bitcoin dropped to the $19,500-$19,000 block and received buying interest. The fact that cryptocurrencies are now so closely associated with conventional financial markets is undoubtedly upsetting to many crypto fans, but as Arthur Hayes stated, Bitcoin is now a sort of “real-time smoke alarm” for markets.
Thus, we are keeping an eye out for further price movement from the current levels. It is important to note that many Bitcoin exchanges have negative funding rates. This indicates that the majority of traders are selling short.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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