- The price of Bitcoin dropped on Monday, reaching a low of $58,400 on Binance. Since the start of the month, the price of bitcoin has dropped by 11%. The author of “Rich Dad, Poor Dad,” Robert Kiyosaki, views this as an opportunity to grow his holdings despite the negative trend.
- Although Kiyosaki agreed that many traders may profit at favorable times, there are tax ramifications when trading for short-term capital gains. He likes to make long-term asset purchases and keep them.
- The selling pressure from Mt. Gox contributed to the latest Bitcoin fall. The trustee of the now-defunct exchange disclosed plans on Monday to pay back its creditors in July. Creditors will be repaid in Bitcoin and Bitcoin Cash under the rehabilitation plan, with a total estimated value of nearly $9 billion.
Source:
cryptobriefing
