American investor and businessman Robert Kiyosaki commented on the fall of the stock and cryptocurrency markets.

According to the billionaire, the time has come when the brave become even richer. The author of the bestseller "Rich Dad, Poor Dad" Robert Kiyosaki took the collapse of the markets positively: "Bitcoin and all markets are collapsing. Hooray! Get ready to buy even more bitcoins, gold and silver. Crashes are the times when the brave become richer and the cowards become poorer because they sell or do nothing."

The entrepreneur added that it is necessary to have courage and be farsighted in order to continue investing in the most valuable assets when stock indices collapse. According to the Coinglass platform, over $1 billion worth of cryptocurrency positions have been liquidated in the last 24 hours. The Bitcoin rate has dropped below $50,000, while the Ethereum price has fallen to $2,200. Earlier, Robert Kiyosaki spoke about the benefits that the Republican candidate Donald Trump's victory in the US presidential election would bring to the first cryptocurrency.

Crypto analysts note that it took Bitcoin more than 15 years to be accepted by about 5% of the world's population, but now the pace can accelerate several times thanks to the support of investors and politicians. In their opinion, the market will most likely never see the Bitcoin rate below $30,000 again if the current level of coin adoption is maintained.