The recent decline in the cryptocurrency market has caused precipitous price drops, and Bitcoin fell to $85,000, a 22% drop from its high in January. Others see corrections like these as the best time to invest, purchasing into the market at lower prices. Robert Kiyosaki, author of “Rich Dad Poor Dad,” remains optimistic about Bitcoin, seeing the drop as an opportunity to buy more, hearing warnings about the global monetary system but not Bitcoin.
However, caution has to be exercised; the unpredictability of the crypto market means prices may dip further before stabilizing. Investors need to test their risk appetite and research for themselves before profiting from such market downturns.
