Renowned investor and non-fiction writer, author of the best-selling book “Rich Dad, Poor Dad” on financial literacy, Robert Kiyosaki, took to Twitter to comment on the collapse. Bitcoin’s recent drop to $35,000.
“Bitcoin collapsed. Great news. I will buy more”
Kiyosaki tweeted that this is great news that Bitcoin price is dropping significantly. He reminded his followers that he bought Bitcoin when it was trading at $6,000 and $9,000, while he previously tweeted that he also bought BTC at the drop.
Now, the author of “Rich Dad, Poor Dad” says he will definitely buy more “if and when” Bitcoin drops to test $20,000.
He also calls silver “the best bargain right now” as the precious metal is trading 50% below its all-time high of $44.58 reached on April 26, 2011. XAG is currently trading translates at about $23.
WOW: Words of wisdom. ‘Your profits are made when you buy, not when you sell.’ Bitcoin price plunges. Good news. I bought BC for 6k dollars and 9k dollars. I will buy more if and when BC tests $20k. The time to become richer is coming. Silver is the best price today. Silver is still 50% below the high.
– therealkiyosaki (@theRealKiyosaki) January 24, 2022
In a tweet published over the weekend, Kiyosaki also addressed Bitcoin, gold, and silver, urging the community to hoard them.
Peter Schiff predicts BTC will crash below $30,000
On Saturday, big-name Bitcoin critic and Euro Pacific Capital CEO Peter Schiff tweeted that he expected the leading cryptocurrency to face a rapid crash as BTC breaks. less than $30,000. Then, according to his tweet a day ago, the largest digital coin might even fall back into the $10,000 region.
Bitcoin’s Next Rally Could Go Crazy: Gabor Gurbacs
The director of crypto-assets at VanEck hedge fund Gabor Gurbacs, despite being a Bitcoin proponent, shared similar expectations on Saturday.
He tweeted that Bitcoin could face a “serious blowout” to $20,000 if it breaks below $30,200. However, the good news in his view is that there is a lot of liquid finance that is held by financial institutions looking to invest in it.
Since so many of them missed out on BTC’s rally from $10,000 to $68,800, Gurbacs believes, this massive amount of dry electricity could also go into Bitcoin. The reason is that the world’s central banks have printed a lot of cash, the current high levels of inflation and the lack of confidence in bonds are obvious to many investors.
Gurbacs believes that if they all jump on the Bitcoin train, the next rally could turn frenzied.
At press time, the leading cryptocurrency continues to fall, currently changing hands at $34,941, down another 1.73% over the past 24 hours, according to CoinMarketCap.
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