There are a few who have remained optimistic about the crash, including Robert Kiyosaki. He is best known for his book “Rich Dad Poor Dad” which teaches readers how to invest wisely in real estate and other investments with great success rates.
The Rich Dad Poor Dad author has revealed that he’s prepared to dive into the crypto world. Despite being bullish about cryptocurrency, he recently explained on Twitter that he is only waiting for Bitcoin since it will be “the future of money.”
“BITCOIN CRASHING. Great news,” he said online. “I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are the best times to get rich.”
In November, Bitcoin soared to $68,990, reaching an incredible milestone. Since then it fell into a 57% pullback, dropping to $29,500.
With Kiyosaki set to invest in Bitcoin, prospective investors can follow him by taking note of the following three steps.
- Just Buy It
One of the most common ways to get started in investing is by simply buying bitcoin. The price can be daunting, but there are plenty of exchanges that allow people with low budgets and no experience all it takes will learn how cryptocurrency works–and even invest without having their own computer.
- Get Bitcoin Stocks
With cryptocurrencies like Bitcoin being so popular, more companies are starting to tie themselves with the growth of cryptocurrency. This means that there’s improved potential for shares if you invest in coins rather than just mining them solo or investing through an intermediary such as Coinbase Global (COIN) and Paypal PYPL. However, the power behind these newly emerging markets could be costly.
- Bitcoin Exchange-Traded Funds
With the world increasingly turning to digital currencies, ETFs have become a popular way for investors of all kinds to trade on stock exchanges and Bitcoin. There are several funds available which hold both futures contracts as well as an exchange-traded note (ETN) based in USD that tracks bitcoin’s price movements automatically, making them easier than ever before.