Rich Dad Predicts Bitcoin to $1,100. Mistake Or?

Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” has revealed that he is waiting for Bitcoin to test $1,100 so that he can buy the dip.

Kiyosaki Wants Cheap Bitcoins

The author and investor took to Twitter to comment on the recent market crash, noting that some people who invested in Bitcoin are quitting while others are “committing suicide” because of the massive drop in prices. 

Kiyosaki added that while these people are quitting perhaps because they think bitcoin is dead, he is waiting for the leading cryptocurrency to crash to as low as $1,100 so he can add more BTC to his portfolio.

Although a $1,100 Bitcoin price is near impossible, Kiyosaki’s latest comments sparked reactions from his followers who seemed surprised by his prediction.

One Twitter user called Nandomoredia responded to the author in disbelief, saying that Bitcoin is not going to hit such low levels although a little below $8,000 is a possibility. 

Some followers believe the $1,100 was a typo and that Kiyosaki must have meant $11,000.

Kiyosaki Remains Bullish on Bitcoin

Kiyosaki is a Bitcoin believer, who has always been vocal about his opinions on crypto assets. In 2020, he described the leading cryptocurrency as the “people’s money and urged his followers to accumulate as much BTC as they could. Bitcoin was trading slightly above $9,000 at the time. 

Last month, the author said that he is waiting for bitcoin to crash to $20,000 and bottom at $17,000 before buying, noting that crashes are the best times to get rich.

Meanwhile, Kiyosaki’s most recent prediction comes at a time when the crypto market is facing major turbulence with Bitcoin losing more than 50% of its value from its November all-time high of $69,000. At the time of writing, the cryptocurrency was trading at $21,055.