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The well-known author of the very popular book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the rate of bitcoin to test $1,100. He included that he will buy more if the cryptocurrency recuperates from that rate level.

Robert Kiyosaki on Bitcoin Testing $1,100

The author of Rich Dad Poor Dad, Robert Kiyosaki, has actually returned with a brand-new bitcoin outlook. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has actually been on the New York Times Best Seller List for over 6 years. More than 32 million copies of the book have actually been offered in over 51 languages throughout more than 109 nations.

The well-known author tweeted a “Rich Dad lesson” Monday night. He described that “losers stopped when they lose,” however “winners gain from their losses.” Asserting that “Bitcoin losers are stopping,” he stated he is waiting for BTC to test $1,100, including that he will buy more if the crypto recuperates. “If it does not, I will wait for losers to ‘capitulate’ give up then buy more,” he even more mentioned.

Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More

Many individuals on Twitter disagreed with Kiyosaki that bitcoin will ever see $1,100. Some thought that the Rich Dad Poor Dad author made a typo and he in fact suggested $11K.

The renowned financier has actually been stating for numerous months that he will buy more bitcoin when its rate bottoms out. When BTC started decreasing greatly in current months, he began stating that the crypto might bottom out at $20K. When BTC continued to fall, he modified his bottom rate projection numerous times.

In May, Kiyosaki suggested that BTC might bottom out at $9,000. The rate of bitcoin was hovering around $30,000 at the time.

Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More

He described that he was still bullish on bitcoin since he sees the Federal Reserve and the Treasury Department as corrupt companies. He also stated that when he understands that the bottom remains in, he will “back up the truck,” keeping in mind that “Crashes are the very best times to get rich.”

Kiyosaki also made some alarming forecasts about the U.S. economy. Last month, he stated the stock and bond markets are crashing, forecasting an anxiety and civil discontent. In April, he declared that run-away inflation is here. In March, he cautioned that the U.S. dollar has to do with to implode, encouraging financiers to buy bitcoin, ethereum, and solana.

At the time of composing, bitcoin is trading at $20,277, down nearly 3% over the previous 24 hr and 30% over the last 1 month.

What do you consider the comments by Rich Dad Poor Dad author Robert Kiyosaki? Let us understand in the comments area below.

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