The sentiment in the crypto market is not exactly something to write home about at the moment. Bitcoin (BTC) dropped significantly yesterday, below $30,000, and many investors panicked. The author of the wildly popular book Rich Dad, Poor DadRobert Kiyosaki, however, shared some wise words for investors who may be seeing things today.
Robert Kiyosaki.
The legendary investor and writer took to Twitter to say that he isn’t too worried right now. According to him, there is a good chance that the bitcoin price will drop further in the near future. He will only buy around $20,000 and does not rule out the possibility that bitcoin could fall to $17,000.
As soon as there is confirmation for Kiyosaki that the bottom has been reached, he will start stocking bitcoin on a large scale. According to him, that is the moment when you can become really rich. Not during a bull market, but during a crash.
“BITCOIN CRASHES. Great news. As said in previous Tweets I am waiting for Bitcoin to crash to 20k. Will then wait for the test of the bottom which could be $17k. As soon as I know that the bottom has been reached, I will continue again. Crashes are the best times to get rich.”
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. Take care.
— therealkiyosaki (@theRealKiyosaki) May 12, 2022
Kiyosaki expects bitcoin to rise seriously again after hitting a bottom around USD 20,000. He mentioned this a few months ago. In January of this year, he already indicated that he was only ready to buy again around $20,000.
Bitcoin is going to win
In the long run, Kiyosaki expects bitcoin to prevail without a doubt. According to him, this is due to the fact that the United States is run by “ignorant people.” These fools are President Joe Biden, Secretary Janet Yellen and FED Chairman Jerome Powell, according to Robert Kiyosaki.
Q: Why will BITCOIN win? A: BITCOIN will win because America is led by the 3 STOOGES. Stooge #1 President Biden. Stooge #2 Secretary of Treasury Yellen. Stooge #3 Fed Chairman Powell. I trust BITCOIN not the 3 Stooges.
— therealkiyosaki (@theRealKiyosaki) May 11, 2022
Kiyosaki states that he has no faith in these people at all. What he does have faith in, on the other hand, is bitcoin. For that reason, he has been calling on his followers to buy bitcoin for some time.
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