Bestselling author of Rich Dad Poor Dad and entrepreneur Robert Kiyosaki called the Bitcoin crash “great news” and predicted a test of the $17,000 level.
BITCOIN CRASHING. Great news. As stated in previous Tweets I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are best times to get rich. Take care.
— therealkiyosaki (@theRealKiyosaki) May 12, 2022
“As I said earlier, waiting for bitcoin to fall to $20,000. Then wait for a test bottom, which could be $17,000. Once that happens, I’ll go big. Crises are the best time to get rich,” he said.
Earlier, the entrepreneur explained why he is confident in the long-term success of digital gold:
“Bitcoin will win because America is led by three puppets.”
Among the latter, he ranked US President Joe Biden, Treasury Secretary Janet Yellen and head Fed Jerome Powell.
Q: Why will BITCOIN win? A: BITCOIN will win because America is led by the 3 STOOGES. Stooge #1 President Biden. Stooge #2 Secretary of Treasury Yellen. Stooge #3 Fed Chairman Powell. I trust BITCOIN not the 3 Stooges.
— therealkiyosaki (@theRealKiyosaki) May 11, 2022
In 2020, Kiyosaki stated that the price of bitcoin will reach $75,000 in three years as the Fed’s incompetence is “killing the US economy.” The cryptocurrency approached the announced mark already in November 2021, fixing an all-time high at $69,000.
May 13 bitcoin quotes recovered to levels above $30,000 after sharp drop. Earlier prominent gold proponent and early cryptocurrency critic Peter Schiff called it “highly likely” failure of quotes up to $10,000.
Recall that in January, Bloomberg Intelligence senior commodities strategist Mike McGlone predicted the growth of bitcoin to $100,000 in 2022.
However, the fintech experts who took part in the Finder survey concluded that by the end of the year, cryptocurrency quotes reached $65,000.
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