The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. He said that he would buy more cryptocurrency if it recovers from this price.

Robert Kiyosaki on Bitcoin Testing $1,100

Robert Kiyosaki has returned to the table with a new outlook on bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. The New York Times Bestseller List has had it for six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

The famous author tweeted a “Rich Dad” lesson Monday night. He explained that “losers quit when they lose,” but “winners learn from their losses.” Asserting that “Bitcoin losers are quitting,” he said he is waiting for BTC to test $1,100, adding that he will buy more if the crypto recovers. He stated that if it doesn’t, he will wait for the losers to “capitulate” and then buy more.

Many people on Twitter disagreed with Kiyosaki that bitcoin will ever see $1,100. Some suspected that the Rich Dad Poor Dad author made a typo and he actually meant $11K.

The renowned investor has said for many months that he will continue to buy bitcoin until its price reaches its bottom. When BTC began declining heavily in recent months, he started saying that the crypto could bottom out at $20K. When BTC continued to fall, he revised his bottom price forecast several times.

In May, Kiyosaki indicated that BTC could bottom out at $9,000. The price of bitcoin was hovering around $30,000 at the time.

He stated that he still believes in bitcoin, despite the fact that he views the Federal Reserve and Treasury Department as corrupt. He also said that once he knows that the bottom is in, he will “back up the truck,” noting that “Crashes are the best times to get rich.”

Kiyosaki made dire predictions about the U.S. Economy. Last month, he said the stock and bond markets are crashing, predicting a depression and civil unrest. In April, he claimed that hyperinflation is here. In March, he warned that the U.S. dollar is about to implode, advising investors to buy bitcoin, ethereum, and solana.

At the time of writing, bitcoin is trading at $20,277, down almost 3% over the past 24 hours and 30% over the last 30 days.

What do you think about the comments by Rich Dad Poor Dad author Robert Kiyosaki? Please leave your comments below.

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