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‘Rich Dad, Poor Dad’ Author Will Buy More If Bitcoin Tests $20,000

Renowned investor and non-fiction author Robert Kiyosaki, author of the best-selling financial literacy book Rich Dad, Poor Dad, also commented on the company’s recent collapse: Bitcoin has fallen to nearly $33,000.

Robert Kiyosaki – Author of the bestselling book “Rich Dad, Poor Dad”

Robert Kiyosaki would buy more if…

Kiyosaki tweeted that it is indeed great news that Bitcoin price is falling significantly. He reminded his followers that he bought bitcoin when it was trading at $6,000 and $9,000, while previously tweeting that he also bought the BTC dip.

Well Robert confirm Will definitely buy more “only if” bitcoin slips and tests $20,000.

He also calls silver “the best bargain right now” as the precious metal is trading 50% below its all-time high of $44.58 hit on April 26, 2011. XAG is currently trading at around $23.

In one tweets Kiyosaki, released over the weekend, also addressed bitcoin, gold and silver, urging the community to hoard these assets.

Peter Schiff predicts Bitcoin will crash below $30,000

On Jan. 22, notorious bitcoin critic and CEO Peter Schiff of Euro Pacific Capital suspect The leading cryptocurrency will experience a flash crash if the price falls below $30,000. Even acc tweets a day before, the largest digital currency could even return to the $10,000 region.

According to Gabor Gurbacs, Bitcoin’s next rally could be crazy

Crypto head of the VanEck hedge fund, Gabor Gurbacs, shared similar expectations on Saturday, despite being a pro-Bitcoin proponent.

He tweeted that Bitcoin could see a “serious flush” to $20,000 if the price falls below $30,200. However, the good news, he believes, is that there are plenty of liquid assets held by financial institutions looking to invest in them.

With so many of them missing out on BTC’s rally from $10,000 to $68,800, Gurbacs believes this massive sum of money could also flow into Bitcoin. The reason for this is that the central banks of the world have printed a lot of cash, the current high inflation and the lack of confidence in bonds are worrying many investors.

If they all jump on the bitcoin bandwagon, Gurbacs says the next rally could be frenzied.

At press time, the leading cryptocurrency continues to fall and is currently changing hands at $33,160, down 7.8% over the past 24 hours.

Source: TradingView

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.