The well-known creator of the best-selling e-book 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 May Fall to $9K
The creator 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 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Record for over six years. Greater than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 nations.
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 creator proceeded to elucidate why he’s nonetheless bullish about bitcoin. The Federal Reserve and the Treasury Division are corrupt organizations and they’ll self-destruct earlier than they regain honesty, integrity, and ethical compass, Kiyosaki described.
Final week, Kiyosaki tweeted that he’s ready for the underside earlier than moving into bitcoin. On the time, he anticipated the underside to be round $17K however later stated 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 creator has additionally been recommending bitcoin to traders for fairly a while.
In March, Kiyosaki stated the U.S. greenback was about to implode, blaming President Biden for inflicting inflation. He beneficial gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL) as investments on the time.
Nevertheless, Kiyosaki additionally beforehand warned that crypto is just not with out its downside. He cautioned that finally, the federal government will seize all cryptocurrencies and fold them right into a authorities crypto. Nonetheless, he stated that the Russia-Ukraine conflict is “giving rise to crypto as a safer haven than authorities faux fiat cash.”
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