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Kiyosaki preparing to buy Bitcoin with the coming ‘Greatest Sale on Earth’

Robert Kiyoski, the author of the best-selling book “Rich Dad Poor Dad,” said that he is now in cash position ready to pounce on bargain assets such as Bitcoin (BTC).

Image by: Wikimedia Commons

Sun, 17 Jul 2022, 06:50 am UTC

Robert Kiyoski, the author of the best-selling book “Rich Dad Poor Dad,” recently reminded his social media followers to prepare for what he calls the “greatest sale on earth.” He said that he is now in cash position ready to pounce on bargain assets such as Bitcoin (BTC).

The world-famous author believes that asset prices are bound to crash soon. When this happens, investors must be prepared to get their hands on their assets of choice, with Kiyosaki specifically mentioning Bitcoin (BTC) and real estate.

“Asset Bubble found a Pin,” Kiyosaki posted on Twitter on July 12. “Asset prices crashing. In cash position waiting to pick up bargains especially in real estate and Bitcoin. Fed is “F”ed. Do not miss the GREATEST SALE on EARTH. Take care.”

Nasdaq has declined 29 percent while S&P 500 is down 21 percent this year, according to Bitcoin.com. At the same time, housing demand has slowed down as rising interest rates drove up mortgage costs. Meanwhile, Bitcoin, which is trading above $21,000 at the time of writing, is down by more than two thirds from its November 2021 all-time high of around $69,000.

The author has repeatedly issued warnings of asset bubbles and market crashes during the pandemic. While he predicted in June last year that the “biggest crash in world history is coming,” he views the downturn as a chance to accumulate assets such as Bitcoin, real estate, silver and gold at bargain prices.

“Biggest bubble in world history getting bigger,” he tweeted last year, Yahoo reported. “Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24k. Crashes best time to get rich. Take care.”

As the crypto market continued to decline after its peak last year, Kiyosaki had to make several revisions to his Bitcoin price bottom predictions. “I remain bullish on Bitcoin’s future,” he wrote last May when BTC was still trading at around $30,000. “Waiting for test of new bottom. $20k? $14 k? $11 k? $9 k? Why do I remain bullish? Fed and Treasury are corrupt organizations. They will self-destruct before they regain honesty, integrity and moral compass. Take care. Be aware.”

Last month he lowered his price bottom prediction once more. “RICH Dad lesson. ‘LOSERS quit when they lose,’” Kiyosaki posted on Twitter. “Bitcoin losers are quitting some committing suicide. WINNERs learn from their losses. I am waiting for Bitcoin to ‘test’ $1100. If it recovers I will buy more. If it does not I will wait for losers to “capitulate” quit then buy more.”

While Bitcoin plunged below $18,000 in June, the crypto managed to bounce back up as experts predict that the price bottom might be close. At the time of writing, BTC traded at $21,450 based on Coinmarketcap data.

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