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Robert Kiyosaki: “I will buy more bitcoin when it drops to $1,100”

Bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, is waiting for Bitcoin to drop to $1,100 to buy and invest in it as the cryptocurrency market continues to grow.

As noted entrepreneur Robert Kiyosaki wrote on Twitter, “Losers give up when they lose, and winners learn from their losses.” He explained that while those disappointed in bitcoin are selling it, he will wait for the coin to test the $1,100 level, and the losers will “capitulate” and leave. If the BTC rate starts to recover, Kiyosaki intends to invest in it further. Many Kiyosaki subscribers disagreed that bitcoin would ever drop to that level. Some have even suggested that the best-selling author made a typo and actually meant $11,000.

The famous investor has repeatedly stated that he will buy more bitcoins when the price of the coin drops to a certain level. At the beginning of the year, Kiyosaki predicted that the flagship cryptocurrency would bottom out at $20,000. As Bitcoin continued to fall, Kiyosaki revised his forecasts several times. For example, in May, he wrote that BTC could crash to $9,000, although at that time Bitcoin was trading at about $30,000.

Overall, Kiyosaki is optimistic about Bitcoin. He does not trust the policies of the Federal Reserve System (Fed) and the US Treasury, and also believes that the digital dollar will only increase inflation. Over the past 10 years, Kiyosaki has repeatedly made gloomy forecasts for the US economy, predicting stock market crashes. Judging by the S&P500 chart, few of his predictions came true.

Robert Kiyosaki Predictions

A few months ago, Kiyosaki said the world was in the biggest “bubble” in history, referring to stocks, real estate and commodities. Therefore, he recommended that the public invest in gold, silver, BTC and SOL, as in addition to the bubble, “a third world war is coming.”

Source: Bits

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