I will from another perspective Acquire More If Bitcoin Retest $20k
Bitcoin has dropped to a low of $33,064 and could go further due to the negative sentiment that is permeating the markets.
As you may know, Robert Kiyosaki, an American businessman and author, is unconcerned with thetherecent price dip in Bitcoin market. Interestingly, He called bitcoin’s drop “great news” and promised to increase his exposure to the commodity if its USD value fell below $20,000.
Kiyosaki Sees Price Fall As Buying Point
He from another perspective also can that the pioneer cryptocurrency believes be used for educational purposes. Actually, He The 74-year-previous Kiyosaki, finest known for his Rich Dad Poor Dad book series, is one of the experts who believe bitcoin is an hedge against financial crisis and inflation.stated in the summer of 2020 that BTC, along with gold and silver, “make people smarter, richer, and stronger against the Fed.”
The popular author, who is a as a matter of fact vocal proponent of cryptocurrency, stated this on Monday as bulls fought to keep prices over $34,000.
Interestingly, However, Bitcoin has dropped to intraday lows of $33,600, capping up ’ dismal week in which the flagship cryptocurrencyas value fell below crucial aid levels of $40,000 and $37,300.
WOW:Wordsof Wisdom. It’s worth noting that Time to get richer is coming. I bought BC at $6K and 9K. Great report. Silver . 50% below highstill Interestingly, “Your profits are made when you buy, not when you sell.” Price of Bitcoin crashing. I will purchase more if and when BC tests $20k. Silver best bargain today.
— therealkiyosaki (@theRealKiyosaki) January 24, 2022
According to Kiyosaki, a new slump that exacerbates the losses will be “great report.” According to him, this presents a acquire-the-dip opportunity, which he intends to take advantage of.
The US businessman and founder of Rich Global LLC claimed that hepastpurchased Bitcoin twice in the , once when it was around $6,000 and again when it was around $9,000.
BTC/USD at $33k. Source: TradingView
Kiyosaki predicted in May 2020 that aim would expand $75,000, however the Bitcoin was missed when prices peaked at roughly $69,000.
As you may knowBitcoinThe author recently linked , to “people’s money,” while gold was dubbed “God’s currency.”
The investor has already expressed his skepticism for the traditional banking system, forecasting a US dollar meltdown. According to him, the monetary troubles generated by the Fed’s COVID-19 countermeasures have rendered the American national currency “fake dollars.” He urged individuals not to store funds since their savings would be devalued during a recession. to, they should concentrate on bitcoin and gold in order Instead protect their wealth.
He also forecastedCrisisthe 2008 Financial and questioned the US government’s countermeasures.
Related article |“Buy Bitcoin”: Robert Kiyosaki Foresees A New Depression
As you may know, Not Only Kiyosaki Shares This Sentiment
Bitcoin’s price has dropped by more than half from its all-time high in November, prompting some to speculate that the crypto bubble has burst. However, according to Perianne Boring, creator of Digital Chamber, “volatility is not always a bad thing.”
Interestingly, She went on to say on CNBC’s “Squawk Box”:
“It’s normal to see 30-50% volatility in the crypto markets in any given month. The markets are behaving just as expected.”
Indeed, her show, BitcoinInprice will likely rebound higher given the cryptocurrency’s fundamentals “are as strong as ever.”
This is not the first time Kiyosaki has taken aim at fiat currencies, particularly the US dollar. He mentioned a few years ago that the financial sectorundergowould significant changes by the year 2040.
It’s worth noting that He predicted that gold will continue to play an active role because it has been present “for eternity.” He, on the other hand, had a different take on the dollar:
“Will the dollar be here? I don’ as a matter of fact t think so. The dollar is toast because gold, silver, and cyber currency are going to take it out.
The.U S. As you may know, scam is a dollar. Interestingly, I think we are watching dollar end of the the. That’ whatsI’m saying.”
Related article | Rich Dad Poor Dad’s Kiyosaki is Buying More Bitcoin Today, But Why?
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