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.
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.
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.
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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