cryptoknowmics.com
Bitcoin, the most valuable cryptocurrency by market capitalization, dropped almost 15% to trade below $36,000, its lowest level since July 2021. After almost reaching $52,000 on December 27, 2021, the cryptocurrency had been trading in the $35,000-50,000 range. Bitcoin was last seen trading at $35,975. Bitcoin has dropped over 50% since reaching an all-time high of $70,000 in November 2021. And while traders are having sleepless nights some are waiting for the largest cryptocurrency to drop further. The author of Rich Dad, Poor Dad, Robert Kiyosaki, tweeted on Sunday about the price of bitcoin and when he will buy more BTC. Kiyosaki and Sharon Lechter co-authored Rich Dad, Poor Dad in 1997. For nearly six years, it has been on the New York Times Best Seller List. Kiyosaki stated:
“Price of bitcoin [is] crashing. Great news. I bought BTC at $6K and $9K. I will buy more if and when BTC tests $20K. Time to get richer is coming.”
Kiyosaki Gave Warnings About Major Crash
For months, Kiyosaki has been warning about a huge crash. 'Crash and depression [are] coming,' he stated in December. Gold, silver, bitcoin, and real estate prices will all plummet.' He warned about inflation in November, saying he intends to buy 'more gold, silver, bitcoin, Ethereum, rental real estate, and oil.' The world's largest bubble is getting bigger, according to the legendary Rich Dad Poor Dad author, who tweeted in June last year: 'Biggest crash in world history [is] coming... 'Waiting for bitcoin to fall below $24,000.' He warned investors in October to expect a massive drop followed by a slump, adding, 'Be smart: Buy gold, silver, and bitcoin.'