Robert Kiyosaki (the famous author Rich Dad Poor Dad) has revealed why he remains bullish about Bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K.
Kiyosaki Thinks Bitcoin Price Could Drop to $9K
Robert Kiyosaki is still bullish on Bitcoin, as the author of Rich Dad Poor Dad. He’s waiting for the price of BTC to test a new bottom before getting in.
Rich Dad Poor Dad, a book by Sharon Lechter (1997). The New York Times Best Seller List has had it for six years. It has been downloaded more than 32,000,000 times in 51 languages and in 109 other countries.
Kiyosaki tweeted Wednesday, “I remain bullish on bitcoin’s future.” He added that he’s waiting for bitcoin to test a new bottom, suggesting that it could be $20K, $14K, $11K, or even $9K.
The famous author proceeded to explain why he’s still bullish about bitcoin. According to Kiyosaki, the Federal Reserve and Treasury Department are both corrupt and will eventually collapse before they can regain their honesty, integrity and moral compass.
Last week, Kiyosaki tweeted that he’s waiting for the bottom before getting into bitcoin. He initially expected that the bottom would be $17K, but he later stated that it might be even lower at $11K.
Kiyosaki also expressed disapproval of the Biden administration as well as the Treasury and Fed. For a long time, the famous author also recommended bitcoin to investors.
Kiyosaki claimed that the U.S. Dollar was on the verge of collapsing and blamed President Biden for inflating it. As investments, Kiyosaki recommended silver, gold, and bitcoin (BTC), along with ethereum(ETH) and solana.
Kiyosaki warned previously that cryptocurrency isn’t without problems. Kiyosaki warned that the government would eventually seize all cryptocurrency and make them into government crypto. Nonetheless, he said that the Russia-Ukraine war is “giving rise to crypto as a safer haven than government fake fiat money.”
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