Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, explains why he is still bullish on bitcoin. He is waiting for the cryptocurrency to test a new bottom before entering, which he indicated could go as low as $9K.
Kiyosaki believes bitcoin price near $9K. can fall to
Robert Kiyosaki, author of Rich Dad Poor Dad, is still bullish on bitcoin. He is waiting for BTC price to test a new bottom before entering.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Letcher. It has been on the New York Times best seller list for more than six years. Over 32 million copies of the book have been sold in more than 109 countries in more than 51 languages.
“I am optimistic about the future of bitcoin,” Kiyosaki tweeted on Wednesday. He said that he is waiting for Bitcoin to test a new bottom, suggesting that it could be $20K, $14K, $11K, or even $9K.
The famous author went on to explain why he is still bullish on bitcoin. The Federal Reserve and the Treasury Department are corrupt organizations and will self-destruct before honesty, integrity and moral compass can be achieved, Kiyosaki described.
Last week, Kiyosaki tweeted that he was waiting for a bottom before entering bitcoin. At the time, he expected the bottom to be around $17K, but later said it could go even lower at $11K.
It also wasn’t the first time Kiyosaki has expressed his distrust of the Biden administration, the Treasury and the Fed. Well-known authors have also been recommending bitcoin to investors for quite some time.
In March, Kiyosaki said the US dollar was about to explode, blaming President Biden for causing inflation. He recommended gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL) as investments at the time.
However, Kiyosaki warned earlier that crypto is not without its problems. He cautioned that eventually, the government would confiscate all cryptocurrencies and convert them to a government crypto. Still, he added that the Russo-Ukraine war “is giving rise to cryptocurrency as a safer haven than government counterfeit fiat money.”
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