At the moment, Bitcoin is trading near $30,000 dollars, in the midst of a volatile market that has seriously affected cryptocurrencies. However, despite its sharp decline, many investors are interested in acquiring this cryptocurrency at a much lower price than normal.
Among these investors interested in Bitcoin, there is the author of the personal finance book “Rich Dad, Poor Dad”, Robert Kiyosaki. The famous writer took to Twitter this week to discuss his opinion on the current situation of the crypto market.
The writer Kiyosaki, sees cryptocurrencies as a hedge against inflation and also values it for its decentralized properties. Likewise, Kiyosaki said that it is good news that the price of Bitcoin is plummeting and that he is ready to wait to buy in the fall.
“Why are market crashes good? Rich Dad, he taught his son and me: “Your profit is made when you buy, not when you sell.” Bitcoin is the future of money, that’s why I will buy when I’m at the bottom, it could be in the $17k or even in less than $11k. The time to get richer is coming.” Express Robert Kiyosaki on Twitter.
In particular, Kiyosaki expects BTC to recover after the current drop, emphasizing that the fall of Bitcoin represents the best time to get rich.
“The fall of Bitcoin is great news, I am waiting for Bitcoin to fall to 20k. Then I will wait for it to hit bottom, which could be at $17k. Market falls, are the best time to get rich, take care.” Post on Twitter Kiyosaki.
Robert Kiyosaki also believes that “Bitcoin will win”
Despite the fall in the price of BTC, Kiyosaki believes that “Bitcoin will win”, he tweeted Wednesday explaining why. “Bitcoin will win because the United States is led by the 3 stooges,” Kiyosaki said. “Puppet #1 is President Biden, puppet #2 is Treasury Secretary Yellen, the third puppet is Fed Chairman Powell. I trust Bitcoin, not the 3 Stooges.” Add.
This would not be the first time that the writer Kiyosaki has expressed his distrust of the Biden administration, Wall Street and the Federal Reserve. In previous years, Kiyosaki has been recommending that investors acquire Bitcoins as soon as possible.
Likewise, in April, the popular author said that the “biggest burst of the bubble” was coming and categorized the government, Wall Street and the Federal Reserve as “thieves”. He also expressed that hyperinflation and recession are already here and recommended investors to buy gold, silver and Bitcoins.
However, Kiyosaki’s outlook for the cryptocurrency market is not so positive. The renowned author also warned in March that, eventually, the US government will seize all cryptocurrencies and turn them into a “government cryptocurrency.” However, he later said that the war between Russia and Ukraine is “giving rise to cryptocurrencies as a safer haven than fake fiat money from governments.”
Currently, the index of fear and greed of cryptocurrencies is located at “extreme fear” (9 points), indicating that investors are too worried about the crypto market. However, it also represents a good buying opportunity for riskier investors.
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