The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. According to him, he’ll buy more cryptocurrency if it reaches that level.
Robert Kiyosaki: Bitcoin Testing $1.100
Robert Kiyosaki is back with a fresh outlook on bitcoin. He was the author of Rich Dad Poor Dad. Rich Dad Poor Dad was co-authored in 1997 by Sharon Lechter and Kiyosaki. The New York Times Best Seller List has had it for six years. It has been sold more than 32,000,000 copies in 51 languages and in 109 different countries.
The famous author tweeted a “Rich Dad lesson” Monday night. He explained that “losers quit when they lose,” but “winners learn from their losses.” Asserting that “Bitcoin losers are quitting,” he said he is waiting for BTC to test $1,100, adding that he will buy more if the crypto recovers. “If it does not, I will wait for losers to ‘capitulate’ quit then buy more,” he further stated.
Many Twitter users disagreed with Kiyosaki’s assertion that bitcoin would ever reach $1,100. There was some speculation that Rich Dad Poor Dad had made an error and meant $11K.
Famous investor, he has said for many months that he will continue to buy bitcoin until its prices drop. He began to predict that bitcoin could reach $20K when it started falling in the recent months. After BTC began to decline, he estimated that the bottom price would be $20K.
Kiyosaki suggested that bitcoin could reach $9,000. At the time, bitcoin’s price was around $30,000
He said that bitcoin was his favorite asset, but he still believes in it because the Federal Reserve Bank and Treasury Department are corrupt. He also said that once he knows that the bottom is in, he will “back up the truck,” noting that “Crashes are the best times to get rich.”
Kiyosaki has also predicted dire things for the U.S. Economy. Kiyosaki predicted that bond and stock market crashes would lead to depression and unrest. He claimed in April that hyperinflation was here. He warned in March that hyperinflation was imminent and advised investors to invest in bitcoin, ethereum and solana.
As of this writing bitcoin trades at $20,277. That’s almost 3% lower than the 24 hour average and 30 percent less over the last 30 day.
Are you a Rich Dad Poor Dad author? What are your thoughts about Robert Kiyosaki’s comments? Please leave your comments below.
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