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Bitcoiner Robert Kiyosaki, also an entrepreneur, investor and author of the popular finance self-study book “Rich Dad Poor Dad”, took to the social media platform X (formerly popular as Twitter) to answer a question that often arises. asked about BTC.
He also revealed what he likes most about times when all the financial markets are crashing.
First thing Kiyosaki does if Bitcoin crashes
Robert Kiyosaki said he is often asked what would happen if the price of Bitcoin collapsed. To this the entrepreneur responded in his tweet, speaking about himself. He said that if the world's flagship cryptocurrency crashed, he “would be happy and buy more, once the crash is over.”
By and large, the investor noted, a stock market crash means nothing to him other than a discount on a certain asset and a good opportunity to buy it, which is why his favorite word about crashes stock market is “sale”. For him, this is not only true for Bitcoin, according to the tweet, but also for gold and silver. Last time, he predicted that Bitcoin would reach the $100,000 level by June this year and he expects the price of gold to fall below $1,200 in the near future.
Kiyosaki criticizes the Federal Reserve, calling Bitcoin a good bet
In a few tweets published recently, the author of “Rich Dad Poor Dad,” whom many consider a financial guru, attacked the US Federal Reserve. Kiyosaki shared the reasons he strongly dislikes the Fed with his 2.1 million Twitter followers.
He accused the institution of being a major emitter for the American economy. He famously wrote that the Fed had made the lower and middle classes poorer than they were and criticized the Fed for bailing out the “rich friends of the banking industry.” Therefore, Kiyosaki has much more confidence in Bitcoin than the Federal Reserve.
Kiyosaki has often made the subject of his tweets the major stock market crash he expects and has been tweeting these “crash predictions” since 2020. Some commenters have trolled him for this in his tweets.
Recently, Bitcoin maximalist Max Keizer began tweeting similar predictions. He said he expects the stock market to crash and Bitcoin to hit $500,000. Bitcoin is currently trading at a price just above $51,000.
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