dailyhodl.com
Rich Dad Poor Dad author Robert Kiyosaki says he’s planning on buying Bitcoin (BTC) at massively discounted prices.
The widely followed investor tells his two million Twitter followers that the current Bitcoin bear market does not deter him from accumulating the leading crypto asset.
Kiyosaki says he’s waiting for Bitcoin to crash nearly 95% from its current value of around $20,000.
“RICH Dad lesson: ‘LOSERS quit when they lose.’ Bitcoin losers are quitting… Winners learn from their losses. I am waiting for Bitcoin to ‘test’ $1,100. If it recovers, I will buy more. If it does not, I will wait for losers to ‘capitulate,’ quit, then buy more.”
When Bitcoin was trading above $30,000 in May, Kiyosaki said his bottom target for BTC was below $20,000.
“BITCOIN CRASHING. Great news. As stated in previous tweets, I am waiting for Bitcoin to crash to $20,000. Will then wait for test of bottom, which might be $17,000. Once I know bottom is in, I back up the truck. Crashes are best times to get rich. Take care.”
Earlier this month, Bitcoin bounced from its 2022 low of $17,600.
Although Kiyosaki believes Bitcoin could go at a colossal discount, he previously highlighted that he’s still long-term bullish on BTC.
“I remain bullish on Bitcoin’s future. Waiting for test of new bottom. $20,000? $14,000? $11,000? $9,000? Why do I remain bullish? [Because I believe that the] Fed and Treasury are corrupt organizations.”