The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K.
Kiyosaki thinks Bitcoin price could drop to $9,000
Rich Dad Poor Dad author Robert Kiyosaki is still optimistic about bitcoin. It is waiting for the price of BTC to test a new bottom before launching.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted on Wednesday, “I remain optimistic about bitcoin’s future.” He added that he was waiting for bitcoin to test a new bottom, suggesting it could be $20,000, $14,000, $11,000 or even $9,000.
The famous author proceeded to explain why he’s still bullish about bitcoin. The Federal Reserve and the Treasury Department are corrupt organizations and they will self-destruct before they regain honesty, integrity, and moral compass, Kiyosaki described.
Last week, Kiyosaki tweeted that he was waiting for the bottom before getting into bitcoin. At the time, he expected the bottom to be around $17,000, but later said it could be even lower, at $11,000.
This was also not the first time Kiyosaki has expressed his distrust towards the Biden administration, the Treasury, and the Fed. The famous author has also been recommending bitcoin to investors for quite some time.
In March, Kiyosaki said the US dollar was about to implode, blaming President Biden for causing inflation. He recommended gold, silver, bitcoin (BTC), ethereum (ETH) and solana (SOL) as investments at the time.
However, Kiyosaki also previously warned that crypto is not without its problem. He cautioned that eventually, the government will seize all cryptocurrencies and fold them into a government crypto. Nonetheless, he said that the Russia-Ukraine war is “giving rise to crypto as a safer haven than government fake fiat money.”
