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Sunday, December 4, 2022

‘Time To Get Richer Is Coming:’ Rich Dad Poor Dad Author Says He Would Buy Bitcoin At This Level – Bitcoin – United States Dollar ($BTC)

Robert Kiyosaki the author of the best-selling financial education book “Rich Dad Poor Dad”— said that the crash in Bitcoin’s (CRYPTO: BTC) price is “great news” and the time to get richer is “coming.”

What Happened: Kiyosaki made the comments on Twitter after Bitcoin’s price fell to the $33,000 level earlier on Monday, adding that he will buy the apex cryptocurrency “if and when” it tests the $20,000 level. Bitcoin has rebounded and traded in the green, as at press time late Monday.

Kiyosaki reminded his Twitter followers that he had purchased Bitcoin when it traded at $6,000 and $9,000.

The renowned investor added that silver is the “best bargain today” as the precious metal’s price is trading 50% below its all-time high.

See Also: How To Buy Bitcoin (BTC)

Why It Matters: Kiyosaki has been warning about a major stock market crash for several months now.

The author predicted in September last year that a “giant stock market crash” would unfold within the next month and warned that holdings stocks would prove dangerous.

Kiyosaki said in November he was buying more Bitcoin and Ethereum (CRYPTO: ETH) to combat inflation.

The author’s perception of Bitcoin as an inflation hedge came even as it was reported in the same month that Bitcoin ended its “pandemic-era correlation” with tech stocks that began in February 2020.

Price Action: Bitcoin is up 2.7% during the past 24 hours, trading at $36,213.56 at press time.

Read Next: Bitcoin Manages A Greenish Hue As Ethereum, Dogecoin Keep Flashing Bright Red: Is The Crypto Bloodbath Nearing An End?

Photo: Courtesy of Gage Skidmore via Wikimedia


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