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‘Rich Dad, Poor Dad’ Author Kiyosaki Expects a Big Discount on Bitcoin (BTC)

Robert Kiyosaki, the author of bestseller ‘Rich Dad, Poor Dad, taught readers an inspiring lesson of never giving up, and expressed his prospects for Bitcoin (BTC) for the near future. The author’s work featured in the New York Times ‘Best Seller’ list for an incredible 6 years, and has been translated into more than 50 languages and sold over 32 million copies worldwide.

The $1,100 BTC Buying Opportunity

Robert Kiyosaki correctly predicted that Bitcoin would test the boundaries of $17,000 at a time when Bitcoin’s (BTC) price was floating around $29,000. This time, the famous author is counting on an extreme fall to $1,100, at which point he intends to invest heavily in the top crypto asset. “I am waiting for Bitcoin to “test” $1100. If it recovers I will buy more. If it does not I will wait for losers to “capitulate”, quit, and then buy more”.

The author and investor made reference to the on-going crypto market panic, for which the Fear & Greed Index stands at 13, symbolizing extreme fear. Despite his seemingly anti-thetical hope, Kiyosaki has expressed his support for Bitcoin (BTC) and cryptocurrencies in general multiple times, pointing out that he sees the “Fed & The Treasury as corrupt organizations”, and holds the view that crypto gives world economics a decentralized alternative.

Perhaps a Typo?

While some crypto enthusiasts on Twitter simply don’t believe that Bitcoin (BTC) will ever see lows of $1,100, others reason that Kiyosaki may simple have made a typo, and what he really meant was $11,000. Ironically, there are quite a few typos in the writer’s tweets, so the scenario is somewhat plausible.

The Downfall of Terra Luna Wasn’t Shocking for Kiyosaki

Another bullseye prediction from Robert Kiyosaki was made in an interview some time ago, where he said that stablecoins were at risk of their counterparts not delivering on their contractual obligations. Just a week later, the notorious Do Kwon and his pet project Terra Luna suffered a shocking crypto massacre, sending Terra (LUNA) and Terra (UST) to the depths of hell. “I was right: ‘Why STABLE COINS are UNSTABLE.’ Just before stable coins crashed I warned they were unstable”, Mr. Kiyosaki boasted.

Bitcoin (BTC) Price Drama Continues

Bitcoin (BTC) is dancing around the $20,000 support line, and though it dipped below to $19,958 for a brief moment, it has since bounced back to trade at $20,080.87 at the time of writing, according to CoinGecko. Despite that, the top crypto asset has seen a 4.4% decrease in value over the last 24 hours. Ultimately, the crypto winter is still taking casualties, and the price of Bitcoin (BTC) itself remains 31.9% lower than one month ago.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.