Rich Dad Poor Dad Author Robert Kiyosaki Still Bullish On BitcoinJune 7, 2022 9:44 pm
The price of Bitcoin has fluctuated wildly for the past year as it has moved from its all-time high at around $60k to around $30k recently.
Investors are speculating that the bear trend may continue for some time with some claiming that the bottom could be around $20k or even $17k.
With that being said, Rich Dad Poor Dad author Robert Kiyosaki is not worried at all and commented on Twitter that crashes are the best times to get rich.
He stated that he aims to continue to accumulate more of the digital asset once he believes that the bottom is in and sees a crash as great news.
'Rich Dad Poor Dad' author Robert Kiyosaki expects a brutal market crash, and advises buying silver, bitcoin, and even toilet paper. Here are 10 of his best tweets this year. https://t.co/RnQ9fQUyW4
— Wayne Davidson (@WayneDa75476685) June 7, 2022
“BITCOIN CRASHING. Great news,” he tweeted recently.
“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 the best times to get rich.”
Kiyosaki added that bitcoin “is the future of money” and that its bottom may be even lower at $11,000.
In today’s market environment, it’s not easy to be a contrarian investor.
But if you share Kiyosaki’s view, here are three simple ways to capitalize on bitcoin’s potential rebound.
One thing that is different about Bitcoin today compared to previous years is that there is a lot more ways to get exposure or access to the digital asset now.
In addition to just acquiring Bitcoin directly, investors can opt to use Bitcoin ETFs which have risen in popularity in recent years.
There are also companies that have moved their assets to Bitcoin which means that their stock value is also indirectly correlated to the crypto market.
As a result of all these options, the amount of new capital that can potentially flood into crypto may ultimately change the game and how the digital asset is viewed.
Kiyosaki also warns of other major economic concerns that may eventually cause investors to turn to Bitcoin.
‘Crashes are the best times to get rich’ here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how to take advantage of it https://t.co/WgjPJKCy44
— Cryptoverze (@cryptoverze) June 6, 2022
The Rich Dad Poor Dad author has been warning about an imminent depression for quite some time. In April, he cautioned that a depression and hyperinflation are here, advising investors to buy gold, silver, and bitcoin. On Friday, he tweeted:
Bad news. Depression coming.
In April, he explained that bonds are the riskiest investment in a global meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined.
Earlier this month, he said he remained bullish on bitcoin and is planning to buy more BTC when the bottom is in. He expects it could be as low as $9K. The famous author wrote, “Bitcoin is the future of money.”
Kiyosaki is not the only one that is calling out the economic and inflation concerns as many other prominent investors have also agreed as well.
These uncertain times could be the catalyst that crypto needs to finally reach a whole new level.
RESPONSABILITY. Rich Dad said “It’s not what happens that counts. It’s how you respond to what happens that makes the difference in life. It’s called Response-Ability.” We are going into a giant depression. I plan on coming out richer and smarter. Let’s come out richer together.
— therealkiyosaki (@theRealKiyosaki) June 5, 2022
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