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Consistent drop in the cryptocurrency market makes many people scared of the situation while several others have strange expectations.
On one hand Robert Kiyosaki, who’s a famous author known for his best selling creation Rich Dad Poor Dad, is bullish on top cryptocurrency bitcoin (BTC). But on the other hand he’s anticipating the biggest cryptocurrency by market cap to floor down to itss new bottom, which according to him could be far low as $9K. Here the question remains then, why Kiyosaki has a firm wish for bitcoin to fall this drastically low price.
Popular book on personal finance and business related learning, Rich Dad Poor Dad was co-authored by Robert Kiyosaki and Sharon Lechter in 1997. The book got so much fame all around that it remained for more than six years in the Best Seller List of the New York Times. Over 32 million copies have been sold that were in about 51 languages and distributed across 109+ countries.
This Wednesday, Kiyosaki stated in his Twitter post that he remains bullish on the future of bitcoin. He also said that he is keenly waiting for the top cryptocurrency to test its new bottom that he suggested could be anywhere around $20K, $14K, $11K or as low as $9K. Further Kiyosaki went on to explain the reason why he is bullish on bitcoin. He said that the Federal Reserve and Treasury Department are entirely corrupt organizations and he believes that they will get destroyed by themselves before regaining honesty, integrity and morality. He also said to be alert and take care.
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It also happened last week when he tweeted about before getting into bitcoin he is waiting for it to reach the bottom, where he expected that the bottom could be around $17K that he later said to go even lower at $17K.
Rober Kiyosaki has shown his distrust towards the current US government under the Biden administration, the Treasury and the Federal Reserves. And also he has also recommended bitcoin to many investors for a while now. Kiyosaki in March said that the US dollar was to fail suddenly and for which he blamed President Biden along with causing inflation.
Famous Author, however, has also warned previously that crypto is also having its own problems and he cautioned that the government eventually will confiscate all the digital assets and will turn them into government owned cryptocurrencies.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
