The well-known writer of the best-selling e-book Rich Dad Poor Dad, Robert Kiyosaki, has defined why he’s nonetheless bullish about bitcoin. He’s ready for the cryptocurrency to check a brand new backside earlier than getting in, which he indicated could possibly be as little as $9K.
Kiyosaki Believes the Price of Bitcoin Could Fall to $9K
The writer of Rich Dad Poor Dad, Robert Kiyosaki, remains to be bullish about bitcoin. He’s ready for the value of BTC to check a brand new backside earlier than getting in.
Rich Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 international locations.
Kiyosaki tweeted Wednesday, “I stay bullish on bitcoin’s future.” He added that he’s ready for bitcoin to check a brand new backside, suggesting that it could possibly be $20K, $14K, $11K, and even $9K.
The well-known writer proceeded to elucidate why he’s nonetheless bullish about bitcoin. The Federal Reserve and the Treasury Department are corrupt organizations and they’ll self-destruct earlier than they regain honesty, integrity, and ethical compass, Kiyosaki described.
Last week, Kiyosaki tweeted that he’s waiting for the bottom earlier than entering into bitcoin. At the time, he anticipated the underside to be round $17K however later stated that it may even be decrease, at $11K.
This was additionally not the primary time Kiyosaki has expressed his mistrust in the direction of the Biden administration, the Treasury, and the Fed. The well-known writer has additionally been recommending bitcoin to traders for fairly a while.
In March, Kiyosaki stated the U.S. greenback was about to implode, blaming President Biden for inflicting inflation. He really helpful gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL) as investments on the time.
However, Kiyosaki additionally beforehand warned that crypto will not be with out its drawback. He cautioned that ultimately, the federal government will seize all cryptocurrencies and fold them right into a authorities crypto. Nonetheless, he stated that the Russia-Ukraine conflict is “giving rise to crypto as a safer haven than authorities faux fiat cash.”
What do you concentrate on Robert Kiyosaki’s feedback? Let us know within the feedback part beneath.