- Robert Kiyosaki, the well-known writer of the best-selling book Rich Dad Poor Dad, claims that he is monitoring the price of bitcoin to reach the $1,100 mark. If the price of the virtual currency rises over that point, he would purchase further.
Rich Dad Poor Dad’s author brings a new outlook on Bitcoin
On Monday evening, the well-known author tweeted a “Rich Dad lesson.” He said that “winners learn from their losses,” but “losers quit when they lose.” He wanted to say that Bitcoin price slump victims are abandoning the currency. He is expecting BTC to reach $1,100 and if the cryptocurrency rebounds, he would purchase more of it. If not he will watch for victims to succumb and withdraw before buying more.
The renowned entrepreneur has been predicting the bitcoin price slump for quite some time now. On Twitter, many individuals objected to Kiyosaki’s prediction claiming bitcoin would never reach $1,100. Some believed that the author of Rich Dad Poor Dad mistyped and intended to write $11,000.
Robert Kiyosaki suggested in May that the bottom for BTC maybe $9,000. At the time, the cost of one bitcoin was circling about $30,000.
Some other relevant predictions by Kiyosaki
Kiyosaki has offered some gloomy forecasts regarding the American economy. He predicted a slump and public turmoil last month, claiming that the equities and bonds industries are collapsing. He asserted that high inflation had arrived in April. He advised people to trade Bitcoin, Ethereum, and Solana in March, claiming that the U.S. currency is destined to collapse.
At the time the price of bitcoin is approximately $20,277, down nearly 3% over the last two days and 30% over the past 30 days.