Renowned writer of the bestselling book Rich Dad Poor Dad, Robert Kiyosaki, says he is waiting for the price of bitcoin to test $1,100. He added that he will buy more if digital money recovers from that cost level.
Robert Kiyosaki on Bitcoin Testing $1,100
Rich Dad Poor Dad creator Robert Kiyosaki is back with a new take on bitcoin. Rich Dad Poor Dad is a 1997 book co-written 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 more than 51 languages in more than 109 countries.
The popular creator tweeted a “rich dad illustration” on Monday night. He said that “losers quit when they lose”, but “victors win with their misfortunes”. Stating that “Bitcoin flops are stopping,” he said that he is confident BTC will test $1,100, adding that he will buy more if the crypto recovers. “In the event that it does not, I will trust that the faults ‘give up’ and then buy more,” he also expressed.
Many people on Twitter couldn’t help but contradict Kiyosaki that bitcoin will see $1,100 at some point. Some thought that the creator of Rich Dad Poor Dad made a grammatical error and that it really involved $11K.
The renowned financier has long said that he will buy more bitcoin when its cost drops as low as possible. At the time when BTC began to decline vigorously of late, he began to say that the crypto could go as far as it can go to $20K. As BTC continued to fall, it revised its base cost figure multiple times.
In May, Kiyosaki showed that BTC could go as low as $9,000. The cost of bitcoin was hovering around $30,000 at the time.
He hinted that he was still bullish on bitcoin on the basis that he sees the Federal Reserve and the Treasury Department as bad partners. He also said that once he realizes the base is in, he’ll “back the truck,” noting that “accidents are the best times to get rich.”
Kiyosaki also made some critical expectations about the US economy. Last month, he said the stock and bond markets are in decline, anticipating a decline and common angst. In April, he claimed that excessive inflation is here. In March, he warned that the US dollar was going to crash, prompting financiers to buy bitcoin, ethereum and Solana.
At the time of writing this article, bitcoin is trading at $20,277, down almost 3% in the last few hours and 30% in the last few days.
