Famous bestselling author Rich Dad Poor Dad Robert Kiyosaki believes Bitcoin could crash to $17,000. However, he also believes that the cryptocurrency “will win” because America is being run by the three stooges. He has recommended Bitcoin to investors alongside gold and silver.
Kiyosaki believes Bitcoin could test the bottom at $17,000
Rich Dad Poor Dad author Robert Kiyosaki has shared his latest price expectations and future outlook for Bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted on Thursday that Bitcoin is crashing and he is waiting for the cryptocurrency’s price to drop to $20,000. He explained that he will then wait for BTC to test the bottom, which could be around $17,000, before starting buying. “Crashes are the best times to get rich,” he advised.
In January, the Rich Dad Poor Dad author said he would buy more Bitcoin “if and when BTC tests $20,000.”
Kiyosaki’s tweet came at a time when the crypto market has lost billions as the Terrausd (UST) fiasco unfolded. At the time of writing, Bitcoin is trading at $29,289, down 2% over the past 24 hours, 20% over the past seven days, and 27% over the past month.
Kiyosaki Also Believes “Bitcoin Will Win”
Despite falling BTC price, Kiyosaki believes “Bitcoin will win”. He tweeted why on Wednesday. “Bitcoin will win because America is run by the 3 stooges,” he wrote, adding that the first president is Joe Biden. He said the second stooge was Treasury Secretary Janet Yellen and the third was Federal Reserve Chair Jerome Powell. The famous author reiterated, “I trust bitcoin, not the 3 henchmen.”
Nor was this the first time Kiyosaki had voiced his distrust of the Biden administration, Wall Street and the Fed. He has also been recommending investors to buy Bitcoin for quite some time.
Last month the famous author said the biggest bursting of the bubble was imminent. He called the government, Wall Street, and the Federal Reserve “thieves.” He also said hyperinflation and depression are here and advised investors to buy gold, silver and bitcoin.
In March, Kiyosaki said the US dollar was on the verge of imploding and accused President Biden of causing inflation. At the time, he recommended gold, silver, Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) as investments.
However, Kiyosaki’s outlook for crypto is not entirely smooth. The renowned author also warned that the government will eventually confiscate all cryptocurrencies and fold them into a government crypto. Nonetheless, he later said that the war between Russia and Ukraine “is creating crypto as a safer haven than government counterfeit fiat money.”
Do you agree with Robert Kiyosaki on Bitcoin? Let us know in the comment section below.
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