Robert Kiyosaki is waiting for Bitcoin price to drop to $1,100: ‘if it recovers, I will buy more’

(KitcoNews) As Bitcoin struggles to hold the $20,000 mark, the best-selling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, says he is waiting for Bitcoin to test $1,100.

With many investors debating where the next price bottom is following a massive crypto selloff in June, Kiyosaki revealed his level.

“I am waiting for Bitcoin to ‘test’ $1100,” he tweeted on Tuesday. However, the end goal for Kiyosaki, who said that he loves Bitcoin because he does not trust the Federal Reserve, US Treasury, or Wall Street, is to buy more of the world’s largest cryptocurrency.

“If it recovers, I will buy more. If it does not, I will wait for losers to ‘capitulate’ quit, then buy more,” he said in his post.

When Bitcoin began to crash in May, Kiyosaki described it as “great news” and projected for the price to fall to $20,000.

“I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom, which might be $17k. Once I know the bottom is in, I back up the truck. Crashes are best times to get rich,” he said .

Something very similar ended up happening when Bitcoin briefly hit a low of $17,000 on June 18. At the time of writing, the cryptocurrency was trading at $20,036, down 3% on the day.

In mid-June, Kiyosaki also gave investment advice on how to survive this highly inflationary environment, telling his followers to stock up on cans of tuna. He is also a big fan of gold, silver, and Bitcoin.

“Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important . Starvation next problem. Invest in the solution. Take care,” he said.

In May, he also warned of global disaster that has been coming for years. “Desperate leaders will do desperate things. World War coming? God have mercy on us. Save gold, silver, Bitcoin, food, guns, and bullets,” he said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/or damages arising from the use of this publication.


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