Rich Dad Poor Dad Author Robert Kiyosaki Says BTC Will Bottom at This Price, Not Worried About Crash

 

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, believes Bitcoin may go as low as $10,000 as the dust from the FTX fallout settles.

The sudden collapse of FTX, once the third-largest cryptocurrency exchange, has dragged the entire crypto space into another cycle of fear, uncertainty, and doubt (FUD). Consequently, all major crypto assets have taken a heavy hit, and Bitcoin is no exception.

The flagship cryptocurrency is currently trading at $16,850, down by more than 20% over the past week. Over the past few days, the coin has tumbled to as low as $15,682, a level not seen in two years. Ethereum, the second-largest cryptocurrency, is also down by more than 23% over the past seven days.

In a late Friday tweet, Kiyosaki said to his more than 2.2 million followers on Twitter that he continues to be a big proponent of Bitcoin, gold, and silver. He added that the selloff could see Bitcoin drop to $10,000-$12,000, but he will use the opportunity to stock up more coins.

"BITCOIN? WORRIED? No. I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate. I am NOT A TRADER or flipper. When BITCOIN hits new bottom, $10 to $12 k? I will get EXCITED, not worried. I bet against the Fed, Treasury, Biden, & bet on G [gold], S [silver], & Bitcoin," he tweeted Friday.

BITCOIN? WORRIED? No. I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate. I am NOT A TRADER or flipper. When BITCOIN hits new bottom, $10 to $12 k? I will get EXCITED, not worried. I bet against the Fed,Treasury, Biden, & bet on G,S, & Bitcoin.

— therealkiyosaki (@theRealKiyosaki) November 11, 2022

It is worth noting that Kiyosaki has been pretty accurate with his BTC predictions lately. Back in May, when the market started to crash, he described it as "great news" and projected BTC to fall to $20,000.

"𝕀 𝕒𝕞 𝕨𝕒𝕚𝕥𝕚𝕟𝕘 𝕗𝕠𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 𝕥𝕠 𝕔𝕣𝕒𝕤𝕙 𝕥𝕠 𝟚𝟘𝕜. 𝕎𝕚𝕝𝕝 𝕥𝕙𝕖𝕟 𝕨𝕒𝕚𝕥 𝕗𝕠𝕣 𝕥𝕖𝕤𝕥 𝕠𝕗 𝕓𝕠𝕥𝕥𝕠𝕞, 𝕨𝕙𝕚𝕔𝕙 𝕞𝕚𝕘𝕙𝕥 𝕓𝕖 $𝟙𝟟𝕜. 𝕆𝕟𝕔𝕖 𝕀 𝕜𝕟𝕠𝕨 𝕥𝕙𝕖 𝕓𝕠𝕥𝕥𝕠𝕞 𝕚𝕤 𝕚𝕟, 𝕀 𝕓𝕒𝕔𝕜 𝕦𝕡 𝕥𝕙𝕖 𝕥𝕣𝕦𝕔𝕜. ℂ𝕣𝕒𝕤𝕙𝕖𝕤 𝕒𝕣𝕖 𝕓𝕖𝕤𝕥 𝕥𝕚𝕞𝕖𝕤 𝕥𝕠 𝕘𝕖𝕥 𝕣𝕚𝕔𝕙," 𝕙𝕖 𝕤𝕒𝕚𝕕 𝕒𝕥 𝕥𝕙𝕖 𝕥𝕚𝕞𝕖.

In mid-October, Kiyosaki warned investors about more pain coming, saying that they must protect their wealth by investing in gold, silver, and BTC. He also recommended coming up with alternative streams of income.

"Gold, silver, Bitcoin may protect your WEALTH... but not your INCOME. As [the] economy crashes, stock markets go bust, pensions crash and unemployment rises, a SIDE HUSTLE may provide you income. Who knows? Your side hustle may grow into the next Amazon or Bitcoin. Take care. Be aware

"𝔾𝕠𝕝𝕕, 𝕤𝕚𝕝𝕧𝕖𝕣, 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 𝕞𝕒𝕪 𝕡𝕣𝕠𝕥𝕖𝕔𝕥 𝕪𝕠𝕦𝕣 𝕎𝔼𝔸𝕃𝕋ℍ... 𝕓𝕦𝕥 𝕟𝕠𝕥 𝕪𝕠𝕦𝕣 𝕀ℕℂ𝕆𝕄𝔼. 𝔸𝕤 [𝕥𝕙𝕖] 𝕖𝕔𝕠𝕟𝕠𝕞𝕪 𝕔𝕣𝕒𝕤𝕙𝕖𝕤, 𝕤𝕥𝕠𝕔𝕜 𝕞𝕒𝕣𝕜𝕖𝕥𝕤 𝕘𝕠 𝕓𝕦𝕤𝕥, 𝕡𝕖𝕟𝕤𝕚𝕠𝕟𝕤 𝕔𝕣𝕒𝕤𝕙 𝕒𝕟𝕕 𝕦𝕟𝕖𝕞𝕡𝕝𝕠𝕪𝕞𝕖𝕟𝕥 𝕣𝕚𝕤𝕖𝕤, 𝕒 𝕊𝕀𝔻𝔼 ℍ𝕌𝕊𝕋𝕃𝔼 𝕞𝕒𝕪 𝕡𝕣𝕠𝕧𝕚𝕕𝕖 𝕪𝕠𝕦 𝕚𝕟𝕔𝕠𝕞𝕖. 𝕎𝕙𝕠 𝕜𝕟𝕠𝕨𝕤? 𝕐𝕠𝕦𝕣 𝕤𝕚𝕕𝕖 𝕙𝕦𝕤𝕥𝕝𝕖 𝕞𝕒𝕪 𝕘𝕣𝕠𝕨 𝕚𝕟𝕥𝕠 𝕥𝕙𝕖 𝕟𝕖𝕩𝕥 𝔸𝕞𝕒𝕫𝕠𝕟 𝕠𝕣 𝔹𝕚𝕥𝕔𝕠𝕚𝕟. 𝕋𝕒𝕜𝕖 𝕔𝕒𝕣𝕖. 𝔹𝕖 𝕒𝕨𝕒𝕣𝕖