Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

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

Cryptocurrency Jun 29, 2022 09:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
‘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 (NYSE:TWTR) 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.

Continue reading on DailyCoin

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

Related Articles

Bitcoin Miners in Trouble due to Market Crash
Bitcoin Miners in Trouble due to Market Crash By DailyCoin - Aug 16, 2022

However, the situation for miners in Texas could improve as the difficulty of mining cryptocurrencies decreases. Bitcoin miners are facing financial difficulties amid an...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email