Robert Kiyosaki, famous author of the best-selling book “Rich Dad, Poor Dad,” said he is waiting for bitcoin price to test $1100. He added that if the cryptocurrency recovers from that price level, he will buy more.
Robert Kiyosaki on bitcoin testing $1,100
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” is back with a new bitcoin outlook. Rich Dad, Poor Dad was co-authored by Kiyosaki and Sharon Rector in 1997. It has been on the New York Times bestseller list for more than six years. The book has sold more than 32 million copies in over 109 countries and 51 languages.
The famed author tweeted “Lessons from Rich Dad” Monday night. He explained that “losers quit when they lose,” but “winners learn from their losses.” Claiming that “Bitcoin losers quit,” he said he is waiting forBTCto test $1,100, adding that if the crypto recovers, he will buy more.” If not, I will wait for the losers to ‘capitulate’ quit and then buy more.” He further stated.
Many on Twitter disagreed with Kiyosaki’s opinion that Bitcoin will never see $1,100. Some suspected that the author of Rich Dad, Poor Dad made a typo and actually meant $11K.
A well-known investor has been saying for months that he would buy more bitcoin when its price bottomed out.31} When BTCbegan to fall significantly in recent months, he began saying that the crypto could bottom out at $20K.33} When 34} continued to fall, he revised his bottoming estimates several times.
In May, Kiyosakinoted that BTCcould bottom at $9,000. At the time, the price of bitcoin was hovering around $30,000.
He explained that he is still bullish on bitcoin because he views the Federal Reserve and Treasury as corrupt institutions. He also noted that if he knew the bottom was in, he would “back the truck” and that “the crash is the best time to get rich.”
Kiyosaki also made dire predictions about the U.S. economy. Last month, he said the stock and bond markets were crashing, predicting depression and civil unrest; in April, he claimed hyperinflation was coming; in March, he warned that the US dollar was about to collapse and advised investors to buy bitcoin, ethereum, and solana.
At the time of this writing, bitcoin is trading at $20,277, down about 3% in the past 24 hours and 30% in the past 30 days.
Image credits: Shutterstock, Pixabay, Wiki Commons