Robert Kiyosaki, the famous author of the best-selling book “Rich Dad Poor Dad,” said he is waiting for Bitcoin’s price to test $1,100. He added that he will buy more if the cryptocurrency recovers from this price level.
Robert Kiyosaki on Bitcoin testing $1,100
“Rich Dad Poor Dad” author Robert Kiyosaki returns with a new Bitcoin prospect. Rich Dad Poor Dad is a 1997 book by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages in over 109 countries.
The famous author tweeted “Rich Dad Lesson” Monday night. He explained that “lose losers get out” but “winners learn from their losses”. He asserted that “Bitcoin losers are exiting,” saying he is waiting for BTC to test $1,100, adding that he will buy more if the cryptocurrency recovers. “If not, I’ll wait for the loser to ‘surrender’ to exit and buy more,” he further said.
Many people on Twitter disagreed with Kiyosaki that Bitcoin would hit $1,100. Some people suspect that the author of Rich Dad Poor Dad made a typo when he actually meant $11,000.
The well-known investor has been saying for months that he will buy more bitcoin when the price bottoms out. When BTC started to drop sharply in recent months, he started saying that the cryptocurrency could bottom out to $20,000. He revised his bottom price prediction several times as BTC continued to fall.
In May, Kiyosaki said that BTC could bottom out to $9,000. The price of Bitcoin was hovering around $30,000 at the time.
He explained that he remains bullish on Bitcoin because he sees the Federal Reserve and Treasury as corrupt organizations. He also said he would “reverse the car” once he knew he had bottomed, noting that “crash is the best time to get rich.”
Kiyosaki also made some dire predictions about the U.S. economy. Last month, he said stock and bond markets were collapsing, heralding a recession and civil unrest. In April, he claimed that hyperinflation is here. In March, he warned of an impending collapse in the dollar, advising investors to buy bitcoin, ethereum and solana.
At the time of writing, Bitcoin is trading at $20,277, down nearly 3% in the past 24 hours and 30% in the past 30 days.
What do you think of Rich Dad Poor Dad writer Robert Kiyosaki’s comments? Let us know in the comments section below.
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