- “I am waiting for Bitcoin to test $1100” before buying, said the author of “Rich Dad, Poor Dad.”
- Twitter community called his statement wishful thinking.
- BTC has dropped by 5% to hit $19,870 from $21,107 in the last 24 hours.
Robert Kiyosaki, the famous author of Rich Dad Poor Dad, has returned with a new Bitcoin outlook. He opened a tweet saying, ‘Rich Dad lesson’ and went further to explain that ‘losers quit when they lose.’ He shared this point by referring to Bitcoin owners who relinquished their holdings due to the market crashes, and according to him, some people committed suicide. Then he added, “winners learn from their losses.”
Kiyosaki went further to say, “I am waiting for Bitcoin to ‘test’ $1100. If it recovers, I will buy more. If it does not, I will wait for losers to “capitulate” [and] quit then buy more.”
His statement that BTC will test the $1,100 price point did not sit well with the Twitter community. Some people called it ‘wishful thinking,’ and others said it must have been a typo error as he intended to write $11k. @TraderUDN argued that crypto billionaires like Changpeng Zhao of Binance, Michael Saylor of MicroStrategy, and Elon Musk would instead buy all the BTC.
This is not the first time Kiyosaki would publicly declare an intention to buy BTC at low prices. Earlier in May, when BTC was above $30,000, he said,
I remain bullish on Bitcoin’s future. Waiting for [the] test of new bottom. $20k? $14k? $11k? $9k?
Kiyosaki added that he remained optimistic about the value of Bitcoin because the ‘Fed and Treasury are corrupt.’ And that ‘they will self-destruct before they regain honesty, integrity, and moral compass.’
BTC has dropped by 5% to $19,870 from $21,107 in the last 24 hours. Ethereum, on the other hand, has lost more significantly.