Fun

Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish

News Feed - 2022-05-22 09:05:59

Rich Dad Poor Dad"s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish


The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. Kiyosaki Believes the Price of Bitcoin Could Fall to $9K


The author of Rich Dad Poor Dad, Robert Kiyosaki, is still bullish about bitcoin. He’s waiting for the price of BTC to test a new bottom before getting in.


Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.


Kiyosaki tweeted Wednesday, “I remain bullish on bitcoin’s future.” He added that he’s waiting for bitcoin to test a new bottom, suggesting that it could be $20K, $14K, $11K, or even $9K.


The famous author proceeded to explain why he’s still bullish about bitcoin. The Federal Reserve and the Treasury Department are corrupt organizations and they will self-destruct before they regain honesty, integrity, and moral compass, Kiyosaki described.



Last week, Kiyosaki tweeted that he’s waiting for the bottom before getting into bitcoin. At the time, he expected the bottom to be around $17K but later said that it could even be lower, at $11K.


This was also not the first time Kiyosaki has expressed his distrust towards the Biden administration, the Treasury, and the Fed. The famous author has also been recommending bitcoin to investors for quite some time.


In March, Kiyosaki said the U.S. dollar was about to implode, blaming President Biden for causing inflation. He recommended gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL) as investments at the time.


However, Kiyosaki also previously warned that crypto is not without its problem. He cautioned that eventually, the government will seize all cryptocurrencies and fold them into a government crypto. Nonetheless, he said that the Russia-Ukraine war is “giving rise to crypto as a safer haven than government fake fiat money.” Tags in this story bitcoin bottom, btc bottom, Rich Dad Poor Dad, robert kiyosaki, robert kiyosaki bitcoin, Robert Kiyosaki bitcoin bottom, robert kiyosaki crypto, robert kiyosaki cryptocurrency, Robert Kiyosaki prediction


What do you think about Robert Kiyosaki’s comments? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Microstrategy CEO Expects Bitcoin to "Go Into the Millions" Despite Crypto Market Sell-Off MARKETS AND PRICES | 2 days ago Terra"s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA"s Demise MARKETS AND PRICES | 5 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleKevin O’Leary Expects US Crypto Regulations to Come Out After Midterm Elections Next articleBill Gates: Crypto Has No Valuable Output — It’s Not Adding to Society Like Other Investments Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40%

News Feed

Bitcoin price weakens after hot CPI print raises doubt on Fed rate cuts
Nancy Lubale6 hours agoBitcoin price weakens after hot CPI print raises doubt on Fed rate cutsBitcoin price fell to an intra-day low at $67,500 after the U.S. CPI print showed inflation making a resurgence.1138 Total vie
NFT Sales Drop 59% in Second Week of 2023; Ethereum Dominates Top 20 Blockchains with 75% of Sales
NFT Sales Drop 59% in Second Week of 2023; Ethereum Dominates Top 20 Blockchains with 75% of Sales Non-fungible token (NFT) sales have dropped significantly in contrast to the seve
Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFTs — Galaxy Digital Report Criticizes BAYC License
Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFTs — Galaxy Digital Report Criticizes BAYC License Yuga Labs, the company behind the Bored Ape Yacht Club (
Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour
Este artículo también está disponible en español. Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto ma
Tom Mitchelhill3 hours agoOpenSea investor marks down stake in platform by 90%: ReportOpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million.2610 Total views45 Total
Arijit Sarkar58 minutes agoUS GAO explores blockchain for SBA’s small business programs oversightThe Government Accountability Office highlighted blockchain’s ability to streamline and improve annual reporting, facil
BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers
BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers At the time of publication, there’s more than 69,000 transactions waiting i
Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing
Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing On November 9, a writer from the website samczsun.com publish
Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K
Federal Reserve"s Major Policy Shift to "Push Up Inflation" Could Send Bitcoin Price to $500KThe U.S. Federal Reserve has announced a significant policy change to push up inflation.
BlackRock’s Larry Fink says he was wrong, calls Bitcoin digital gold
Vince Quill6 hours agoBlackRock’s Larry Fink says he was wrong, calls Bitcoin digital goldBlackRock, the world’s biggest hedge fund, currently has $10.6 trillion in assets under management and the largest Bitcoin inv
Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards to Solitaire, Sudoku, Missing Letters
Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards to Solitaire, Sudoku, Missing Letters Seven days after the financial technology and bitcoin payments firm Zebedee
South Korea to Start Taxing Bitcoin Profits in 2021
South Korea to Start Taxing Bitcoin Profits in 2021South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports.