Question #314 ·
What have Bitcoin advocates like Michael Saylor and Robert Kiyosaki said about Bitcoin’s potential during recent market downturns?
- They have warned that Bitcoin will never recover advising sale of holdings
- They have focused on Bitcoin mining hardware improvements rather than investment advice
- They have promoted Bitcoin as a long store of value hedging asset Right answer
- They have urged investors to ignore Bitcoin promoting alternative cryptocurrencies for profit
Why is this the correct answer?
This is correct because both Michael Saylor and Robert Kiyosaki emphasize Bitcoin’s role in preserving wealth over time. Beginners should note they view short-term price drops as buying opportunities and highlight Bitcoin’s scarcity and potential to protect against inflation.