Robert Kiyosaki, the famous author of the best-selling book “Rich Dad, Poor Dad,” believes that bitcoin could collapse to $17K. However, he also believes that cryptocurrency will “win” because America is led by three statues. He recommends bitcoin to investors along with gold and silver.
Kiyosaki thinks bitcoin could test the bottom at $17K
“Rich Dad, Poor Dad” author Robert Kiyosaki shared his latest predictions about the price and future of bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It was on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in 51 languages in more than 109 countries.
On Thursday, Kiyosaki tweeted that bitcoin was collapsing and he was waiting for the price of the cryptocurrency to fall to the $20K level. He explained that he would then wait for BTC to test a bottom, which could be at the $17K level, before he starts buying. “Collapses are the best time to get rich,” he advised.
In January, the author of “Rich Dad, Poor Dad” said he would buy more bitcoin “if and when BTC crosses the $20K mark.”
Kiyosaki’s tweet came at a time when the cryptocurrency market lost billions to the terrausd (UST) fiasco. As of this writing, bitcoin is trading at $29,289, down 2% in the last 24 hours, 20% in the last seven days and 27% in the last month.
Kiyosaki also believes that “bitcoin will win”
Despite the fall Kiyosaki believes “bitcoin will win.” On Wednesday, he tweeted, explaining why. “Bitcoin will win because America is led by 3 statues,” he wrote, adding that the first is President Joe Biden. The second statue, he said, is Treasury Secretary Janet Yellen, and the third is Federal Reserve Chairman Jerome Powell. The famous author affirmed, “I trust Bitcoin, not the 3 statues.”
This is not the first time Kiyosaki has expressed distrust of the Biden administration, Wall Street and the Fed. He has also been recommending that investors buy bitcoin for quite some time.
Last month, the famous author said that the bursting of the biggest bubble is coming. He called the government, Wall Street and the Federal Reserve “thieves.” He also said that hyperinflation and depression were already here and recommended that investors buy gold, silver and bitcoin.
In March, Kiyosaki said the U.S. dollar was about to burst, accusing President Biden of triggering inflation. At the time, he recommended gold, silver, bitcoin (BTC), ethereum (ETH) and solana (SOL) as investments.
However, Kiyosaki’s prediction for cryptocurrencies is not all smooth sailing. The famous author also warned that eventually the government would confiscate all cryptocurrencies and merge them into a state-owned cryptocurrency. Nevertheless, he later said that the war between Russia and Ukraine “makes cryptocurrencies a safer safe haven than state fake fiat money.”
Image Credits: Shutterstock, Pixabay, Wiki Commons