With the recent turmoil in the crypto-world, many believed that doomsday was near. However, many scholars feel otherwise about Bitcoin (BTC). Robert Kiyosaki, an investor, entrepreneur, and author of a number of blockbuster books on financial markets and financial literacy, including “Rich Dad, Poor Dad,” has responded to the current state of the crypto market on Twitter.
Kiyosaki stated on Twitter that he believes Bitcoin has a bright future. He is, however, expecting BTC to test a new low. According to Kiyosaki’s earlier tweets, he is prepared for the top cryptocurrency to drop as low as $20,000, $14,000, or even $9,000.
The ‘Rich Dad, Poor Dad’ author, has been very fond of investing in Bitcoin, gold, and silver. He seems to strongly believe that BTC will shine bright like a diamond in the near future, in the long run as he believes the Federal Reserve and US Treasury to be extremely corrupt organizations.
Many people, including Kiyosaki, condemned the US government for unprecedented quantitative easing in 2020 when the Fed issued more than $6 trillion to assist the US economy to survive the pandemic.
He then sent out many tweets warning of an impending USD collapse and urging everyone to buy Bitcoin, silver, and gold.
On January 24, the author of “Rich Dad, Poor Dad” tweeted that if BTC fell below the $20,000 support level, he would buy more. He also claimed that he bought BTC at $9,000 and $6,000 when it was on sale.
Bitcoin doing well amidst crypto turmoil, a surprise to many
Peter Schiff, a prominent BTC critic, said yesterday that he was shocked to see BTC “holding up this well,” referring to the $30,000 level.
Schiff, on the other hand, believes that this is nothing more than a bull trap designed to attract more investors. This is why he cautioned Bitcoiners against being too confident about BTC’s current price near $30,000.
The primary digital currency has recovered slightly above $30,000 so far. Schiff, on the other hand, feels that if it breaks considerably below this level, the bear wave would push it below $10,000.
Schiff tweets about the world’s largest cryptocurrency more than some popular BTC investors themselves, despite being one of the toughest Bitcoin skeptics. He was recognized as a Bitcoin influencer in late 2020 and made the top ten list. Unlike Schiff, who feels gold is vastly superior to BTC, his son Spencer is a BTC enthusiast. At the time of writing, BTC was trading at $30,424.73 with a hike of 3.22% over the last 24 hours.