As Bitcoin has just recaptured $30,000 amid a tumultuous market where many experts and investors are uncertain as to where Bitcoin will travel next, one prominent investor s interested in purchasing more Bitcoin, but only at a specific price level.
Author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, took to Twitter on May 12 to discuss his thought on the current situation in the crypto market. Kiyosaki, a Bitcoin proponent, views the cryptocurrency as a hedge against inflation and also values it for its decentralized properties.
The finance author remarked that it’s good news that Bitcoin’s price is plunging and that he is ready to wait to purchase the dip around $17,000, which is where he expects Bitcoin to bottom after originally crashing to $20,000 he tweeted.
Picked for you
“BITCOIN CRASHING. Great news. As stated in previous Tweets I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are best times to get rich.”
Notably, Kiyosaki expects Bitcoin to rebound after the crash as he stressed “crashes are the best time to get rich.” In January, the Rich Dad Poor Dad author had said he would buy more Bitcoin “if and when BTC tests $20K.”
Kiyosaki says Bitcoin will win.
Earlier in the week, he went on to explain why he believes “Bitcoin will win because America is led by the 3 stooges,” adding that President Joe Biden is the first of the three stooges. The second stooge is the Secretary of the Treasury, Janet Yellen, and the third stooge is the Chairman of the Federal Reserve, Jerome Powell. The well-known author said, “I trust Bitcoin, not the 3 Stooges.”
Kiyosaki’s criticism of the Biden administration, Wall Street, and the Federal Reserve isn’t the first time he’s made such comments. For a long time, he has been advising investors to purchase Bitcoin.
Earlier this month, the well-known author predicted that the largest bubble in history would explode. A “thief” was his epithet for those in power on Wall Street and at the Federal Reserve. He also predicted hyperinflation and despair, advising investors to stockpile precious metals and digital currencies like Bitcoin.