Most crypto investors might be worried about the price of Bitcoin (BTC) dropping but not Robert Kiyosaki. In fact, he gets excited when the crypto’s price hits a new bottom.
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited.
The recent collapse of the crypto exchange FTX sent crypto prices plunging with Bitcoin falling to around $16,000. However, the Rich Dad Poor Dad author says he is not worried about BTC’s price falling below $17,000.
“Bitcoin? Worried? No. I am a bitcoin investor as I am an investor in physical gold, silver, & real estate. I am not a trader or flipper. When bitcoin hits new bottom, $10 to $12 k? I will get excited, not worried,” Kiyosaki said, according to Bitcoin.com.
Kiyosaki explained that he is betting on gold, silver, and Bitcoin while betting against the Federal Reserve, the Treasury, and President Joe Biden.
The renowned author has been endorsing Bitcoin for a while now. He gave his reasoning for buying Bitcoin last month. In September, he urged people to invest in the cryptocurrency, before the largest economic crash occurs.
He recently issued a warning that as long as the Federal Reserve keeps raising interest rates, the stock, bond, and real estate markets will implode. Additionally, he has frequently warned that the Fed's rate increases will ruin the American economy.
Considering that Saudi Arabia has expressed interest in joining the BRICS countries, Kiyosaki predicts that the U.S. dollar is doomed. The author asserted that fake money had reached its end and foresaw a collapse of the US dollar by January of next year.
Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years on the New York Times Best Seller List. The book has sold more than 32 million copies worldwide