The author of the bestseller ‘Rich Dad Poor Dad’ and entrepreneur Robert Kiyosaki called the Bitcoin crash ‘great news’ and predicted a test of the cryptocurrency at $17,000.
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, I am waiting for Bitcoin to drop to $20,000. Then we will await a bottom test, which could be at $17,000. As soon as this happens — I will go big. Crises are the best times to get rich,” he said.
The entrepreneur previously explained why he is convinced of the long-term success of digital gold:
“Bitcoin will win because America is led by three puppets.”
He named US President Joe Biden, Treasury Secretary Janet Yellen, and the head of the ФРС Jerome Powell among the latter.
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 said Bitcoin would reach $75,000 within three years, because the incompetence of the US Federal Reserve is killing the US economy.
By November 2021 the cryptocurrency had approached that level, recording an all-time high at $69,000.
On May 13, Bitcoin prices recovered to above $30,000 after a sharp drop. Earlier, gold-bug and Bitcoin critic Peter Schiff called a drop to $10,000 ‘very likely’.
Earlier, Bloomberg Intelligence senior commodities strategist Mike McGlone forecasted Bitcoin to rise to $100,000 in 2022.
However, Finder fintech experts participating in a poll concluded that by year-end the cryptocurrency will reach $65,000.