Buy more Bitcoin! Bestselling author sees BTC as “the best time to get rich”.

June 29, 2021


Buy more Bitcoin!

Bestselling author Robert Kiyosaki chooses Bitcoin, gold and silver as his preferred assets - in case the "everything bubble" bursts.

American businessman and best-selling author Robert Kiyosaki chooses Bitcoin as a hedge against everything else, in addition to the precious metals gold and silver. He writes this in a recent tweet.

The popular "Rich Dad, Poor Dad" author, whose book has sold nearly 32 million copies since its publication in 2002, has spoken out against macroeconomics before. Kiyosaki is a long-time crypto advocate.

But now, Kiyosaki says, a global crash of epic proportions is imminent. He writes:


 "The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is that the best time to get rich is during a crash."

And:

    "The bad news is that the next crash will be a long one. Get more gold, silver and bitcoin while you can.  Take care of yourselves."

Bitcoin first to $24,000 - and then to a million?

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Kiyosaki expects bitcoin to fall to $24,000.

"The biggest bubble in world history is getting bigger," he wrote on 19 June - and: He is already buying gold and silver and waiting for lower Bitcoin prices.

The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.

The sentiment is similar to that of "Guggenheim Partners" CIO Scott Minerd, who predicted a 40% drop in bitcoin prices in May 2021. BTC traded at its peak of nearly $65,000 but has fallen as low as $28,000 in recent days.

"Rich Dad" author Kiyosaki, however, remains a long-term Bitcoin bull - and he is one of the many people expecting an overly optimistic price target for Bitcoin: In an interview with news outlet Kitco earlier this year, Kiyosaki issued a price target of up to $1.2 million for the world's largest cryptocurrency.

"I think it will go up to $1.2 million in five years," Kiyosaki said at the time. He also claims that he bought Bitcoin at $9,000 and "looked like a genius" when the asset reached $55,000 (the price of BTC at the time of the interview).

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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