Rich Dad Poor Dad"s Robert Kiyosaki Says He"s Waiting for Bitcoin to Test $1,100 to Buy More
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. He added that he will buy more if the cryptocurrency recovers from that price level. Robert Kiyosaki on Bitcoin Testing $1,100
The author of Rich Dad Poor Dad, Robert Kiyosaki, has returned with a new bitcoin outlook. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 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 people on Twitter disagreed with Kiyosaki that bitcoin will ever see $1,100. Some suspected that the Rich Dad Poor Dad author made a typo and he actually meant $11K.
The famed investor has been saying for several months that he will buy more bitcoin when its price bottoms out. When BTC began declining heavily in recent months, he started saying that the crypto could bottom out at $20K. When BTC continued to fall, he revised his bottom price forecast several times.
In May, Kiyosaki indicated that BTC could bottom out at $9,000. The price of bitcoin was hovering around $30,000 at the time.
He explained that he was still bullish on bitcoin because he sees the Federal Reserve and the Treasury Department as corrupt organizations. 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 also made some dire predictions about the U.S. economy. Last month, he said the stock and bond markets are crashing, predicting a depression and civil unrest. In April, he claimed that hyperinflationis here. In March, he warned that the U.S. dollar is about to implode, advising investors to buy bitcoin, ethereum, and solana.
At the time of writing, bitcoin is trading at $20,277, down almost 3% over the past 24 hours and 30% over the last 30 days. Tags in this story Bitcoin, Bitcoin Predictions, Hyperinflation, inflation, Recession, Rich Dad Poor Dad, rich dad poor dad author, robert kiyosaki, robert kiyosaki bitcoin, Robert Kiyosaki bitcoin predictions, robert kiyosaki crypto, robert kiyosaki cryptocurrency, Robert Kiyosaki recession
What do you think about the comments by Rich Dad Poor Dad author Robert Kiyosaki? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Billionaire Seth Klarman: I Can"t See the Point of Crypto — Nobody Needs to Own It MARKETS AND PRICES | 6 days ago Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months MARKETS AND PRICES | Jun 21, 2022
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBook by Nigerian Author Reminds New Adopters Why Bitcoin Was Created Next article400+ Crypto Advertisements Violate Guidelines in India — ‘Some Influencers Talk About Crypto Without Understanding It’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms