- As the terra USD (UST) crisis unfolded, Kiyosaki’s post occurred at a moment when the crypto market had lost billions. Bitcoin is currently trading at $29,289, down 2% in the last 24 hours, 20% in the last seven days, and 27% in the last month.
- Kiyosaki tweeted that bitcoin is collapsing and that he is waiting for the price to drop to $20,000. He explained that he will wait for BTC to test the bottom, which he believes will be around $17,000, before starting to buy. The best moments to get money are during crashes, he recommended.
- However, Kiyosaki’s view of cryptocurrency is not entirely positive. The acclaimed author also predicted that the government would eventually take all cryptocurrencies and merge them into a single government cryptocurrency.
Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad, expects bitcoin will drop to $17,000. He does believe, though, that the cryptocurrency will win because America is led by the three stooges. Along with gold and silver, he has been pushing bitcoin to investors.
Bitcoin Can Hit The Bottom At $17,000, According To Kiyosaki
Robert Kiyosaki, the author of Rich Dad, Poor Dad, has updated his bitcoin price prediction and perspective. Kiyosaki and Sharon Lechter co-composed Rich Dad Poor Dad in 1997. For nearly six years, it has been on the New York Times Best Seller List. The book has been sold in more than 109 countries and has been translated into 51 languages.
On Thursday, Kiyosaki tweeted that bitcoin is collapsing and that he is waiting for the price to drop to $20,000. He explained that he will wait for BTC to test the bottom, which he believes will be around $17,000, before starting to buy. The best moments to get money are during crashes, he recommended. The author of Rich Dad, Poor Dad announced in January that he would buy additional bitcoin if and when BTC tests $20K.
As the terra usd (UST) crisis unfolded, Kiyosaki’s post occurred at a moment when the crypto market had lost billions. Bitcoin is currently trading at $29,289, down 2% in the last 24 hours, 20% in the last seven days, and 27% in the last month.
Despite the declining value of Bitcoin, Kiyosaki believes that Bitcoin will win. He explained why on Twitter on Wednesday. Bitcoin will win because America is headed by the three stooges, he said, naming President Joe Biden as the first. He claims Treasury Secretary Janet Yellen is the second stooge, and Federal Reserve Chairman Jerome Powell is the third. I trust Bitcoin, not the Three Stooges, the famed author declared.
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Kiyosaki has already stated his disdain for the Biden administration, Wall Street, and the Federal Reserve. He has also been advising investors to purchase bitcoin for quite some time.
Bitcoin Should Win According To Kiyosaki
The acclaimed author predicted the largest bubble implosion last month. The government, Wall Street, and the Federal Reserve were all referred to as thieves by him. He also predicted hyperinflation and depression, advising investors to purchase gold, silver, and bitcoin. In March, Kiyosaki predicted that the US dollar will disintegrate, blaming inflation on President Biden. At the time, he advised investing in gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL).
However, Kiyosaki’s view of cryptocurrency is not entirely positive. The acclaimed author also predicted that the government would eventually take all cryptocurrencies and merge them into a single government cryptocurrency. Despite this, he later stated that the Russia-Ukraine conflict is leading to the emergence of crypto as a safer sanctuary than government false fiat money.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/05/13/robert-kiyosaki-says-hell-buy-bitcoin-when-the-bottom-falls-out-at-around-17000/