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The crypto market’s recent decline dragged Bitcoin (BTC) and Ethereum (ETH) prices to their lowest this year. While some investors are concerned about the possibility of another wave of correction, “Rich Dad Poor Dad” author Robert Kiyosaki remains long-term bullish on the crypto and will even buy more BTCs if it drops to a certain price level.
The best-selling author tweeted what he calls a “Rich Dad lesson” on Monday saying that losers quit when they lose but winners learn from losses. He also revealed that he’ll buy more Bitcoin if the crypto drops to around $1,100.
“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.”
Many Twitter users disagreed with Kiyosaki as they don’t believe that Bitcoin will drop to as low as $1,100, Bitcoin.com reported. Some actually suspected that the author might have actually meant $11,000 but made a typo when posting the tweet.
Aside from the price, the tweet isn’t actually that surprising as Kiyosaki has been saying for months now that he will buy more Bitcoin when its price bottoms out. With BTC’s price continuing to fall since reaching its all-time high in November last year, the author had to revise his bottom price predictions several times.
When Bitcoin was trading at $30,000 last month, he predicted that Bitcoin could bottom at around $9,000. “I remain bullish on Bitcoin’s future,” he wrote. “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.”
