Writer and investor Robert Kiyosaki said he would buy more bitcoins if the price of BTC drops to $20,000.
Despite the fall of the cryptocurrency market, Robert Kiyosaki remains optimistic,
called bitcoin decline is great news. He said that he bought BTC at $6,000 and $9,000. The investor expressed his willingness to buy more bitcoin if he tests the $20,000 level.
According to Kiyosaki, users make money when they buy, not sell, and it’s time to get richer. In addition to bitcoin, Kiyosaki called silver promising, as it is still trading 50% below its high.
In May 2020, Kiyosaki suggested that within three years the price of BTC would rise to $75,000. In early November 2021, Bitcoin hit an all-time high of $69,000, almost reaching its intended target.
The investor is also known for his skepticism about the traditional banking system. He is confident that the US dollar is in for a crash, which will not be long in coming due to the actions of the US Federal Reserve System (FRS). The measures taken by the government to combat the pandemic have turned the US state currency into “fake dollars,” Kiyosaki said. He warns people that their savings will be worthless during a recession, and once again recommended that they invest in bitcoin, as well as gold and silver, as these precious metals “are forever.”
Kiyosaki’s opinion on the volatility of cryptocurrencies is shared by the founder and president of the American Chamber of Digital Commerce, Perianne Boring. In an interview on CNBC’s Squawk Box, she
statedthat volatility is not always a bad thing. It is quite normal when cryptocurrency rates “jump” by 30-50% every month, and the current situation on the market is quite expected. According to Boring, bitcoin will bounce back as its fundamentals are “stronger than ever.”
Recall that in June, Kiyosaki already warned of the imminent onset of the financial crisis, which, according to his forecasts, will be the largest in world history.
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