With major assets such as Bitcoin (BTC) and Ethereum (ETH) continuing to decline for the entire cryptocurrency market, many market participants are wondering what will happen in the long run.
‘Rich Dad, Poor Dad’ author Robert Kiyosaki discussed these important issues with Jeff Wang in the Rich Dad crypto newsletter on his YouTube channel on May 11.
During the discussion, Kiyosaki said, “Everyone says crypto is in a bear market or Bitcoin is in a bear market. But so is the stock market, so is the bond market.”
Similarly, Wang, referring to the correlation between crypto and the stock market and the advantage of crypto over the other, explained:
“Crypto has grown over the years to be highly correlated with the stock market and especially growth stocks. also approached. If you look at the NASDAQ, it’s down 21% year over year. Bitcoin actually outperformed that.”
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