The well-known writer of the best-selling ebook Wealthy 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 may very well be as little as $9K.
Kiyosaki Believes the Worth of Bitcoin Might Fall to $9K
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, remains to be bullish about bitcoin. He’s ready for the worth of BTC to check a brand new backside earlier than getting in.
Wealthy Dad Poor Dad is a 1997 ebook co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Checklist for over six years. Greater than 32 million copies of the ebook 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 may very well 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 Division are corrupt organizations and they’re going to self-destruct earlier than they regain honesty, integrity, and ethical compass, Kiyosaki described.
Final week, Kiyosaki tweeted that he’s waiting for the bottom earlier than entering into bitcoin. On the time, he anticipated the underside to be round $17K however later mentioned 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 buyers for fairly a while.
In March, Kiyosaki mentioned 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.
Nevertheless, Kiyosaki additionally beforehand warned that crypto just isn’t 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 mentioned that the Russia-Ukraine conflict is “giving rise to crypto as a safer haven than authorities pretend fiat cash.”
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