Robert Kiyosaki, the well-known author of the best-selling book Rich Dad Poor Dad, claims that he is watching for the price of bitcoin to reach the $1,100 mark. If the price of the cryptocurrency rises over that point, he added, he would purchase more.
Test $1,100 for Bitcoin by Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad Poor Dad, is back with a fresh take on bitcoin. Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 languages more than 109 countries.
On Monday evening, the well-known author tweeted a “Rich Dad lesson.” He said that “winners learn from their losses,” but “losers leave when they lose.” He said that “Bitcoin losers are quitting,” adding that he is waiting for BTC to test $1,100 and that if the cryptocurrency rebounds, he would purchase more. If not, he continued, “I will wait for losers to “capitulate” and quit before buying more.”
On Twitter, many individuals disagreed with Kiyosaki’s prediction that bitcoin would ever reach $1,100. Some believed that the author of Rich Dad Poor Dad mistyped and meant $11,000.
The renowned investor has been predicting that when bitcoin’s price bottoms out, he will purchase more of the digital currency.
He began predicting that Bitcoin will bottom out at $20K when it started to decline significantly in recent months. He repeatedly updated his predicted bottom price when BTC’s price fell further.
Kiyosaki suggested that the bottom for BTC may be $9,000 in May. At the time, the cost of one bitcoin was circling about $30,000.
He defended his continued bullishness on bitcoin by stating that he believes the Federal Reserve and the Treasury Department to be corrupt institutions. As he noted that “Crashes are the finest moments to make rich,” he added that once he knows that the bottom is in, he will “back up the truck.”
Kiyosaki has offered some gloomy forecasts regarding the American economy. He predicted a slump and public turmoil last month, claiming that the stock and bond markets are collapsing. He asserted that hyperinflation had arrived in April. He advised investors to purchase bitcoin, ethereum, and solana in March, claiming that the U.S. currency is poised to collapse.
At the time of writing, the price of bitcoin is $20,277, down nearly 3% over the last 24 hours and 30% over the previous 30 days.