Robert Kiyosaki, best-selling author of the financial literacy book “Rich Dad, Poor Dad,” and a well-known Bitcoin and real-estate investor, has turned to Twitter to discuss his buy-the-dip strategies and make a fresh forecast about the BTC price in the near future.
In another tweet on “winners and losers,” Kiyosaki claimed that successful people learn from their errors. As a result, he does anticipate that Bitcoin, the most widely used cryptocurrency, will decline even further and is “waiting for Bitcoin to test $1,100.”
Should BTC rebound after that, he said, he will buy more of it. He also has the option of waiting for “paper hands,” whom he refers to as “losers,” to give in order to buy on the decline.
Kiyosaki stays bullish on Bitcoin at any cost
Earlier this year, in May, after the Fed launched a historic interest rate hike, the author of “Rich Dad, Poor Dad” tweeted that he thought the bottom for BTC may be lying at the $17,000 mark. Twitter user @CryptoKaleo, who has more than half a billion followers, reminded Kiyosaki of this.
In a tweet from earlier in May, Kiyosaki expressed his continued optimism for Bitcoin’s future. He is getting ready to watch BTC test a new low, though. According to past tweets from Robert, who owns Bitcoin as well as gold and silver, it appears that he is ready for the price of the top cryptocurrency to fall as low as $20,000, $14,000, or even $9,000.
He added that he still has high hopes for BTC in the long run since he sees the Federal Reserve and the U.S. Treasury as corrupt institutions.
Many blamed the U.S. government for this huge quantitative easing in 2020 when the Fed produced more than $6 trillion to help the U.S. economy survive the pandemic, and Kiyosaki was one of them.
Later, he tweeted repeatedly about the impending collapse of the US dollar and urged readers to buy bitcoin, silver, and gold. At the time of writing, Bitcoin (BTC) was priced at $20,324.30 and had taken a plunge of 2.22% over the last 24 hours.