Robert Kiyosaki, a bitcoiner, entrepreneur, investor, and author of the classic self-teaching book “Rich Dad Poor Dad,” has turned to the X social media platform (previously known as Twitter) to answer a frequently asked issue concerning Bitcoin.
He also disclosed what he enjoys most about the period when all financial markets collapse.
First thing Kiyosaki does if Bitcoin crashes
Robert Kiyosaki revealed that he is frequently asked what will happen if the Bitcoin price falls. In response, the entrepreneur tweeted about himself. He added that if the world’s largest cryptocurrency crashes, he “would be happy and would buy more, once the crashing stops.”
Overall, the investor stated that a market crash signifies nothing to him except a discount on a certain item and a good time to acquire it, hence his favourite phrase for market crashes is “sale.” According to the tweet, he believes this applies not just to Bitcoin but also to gold and silver. He previously claimed that Bitcoin would reach $100,000 by June of this year, and that the price of gold would go below $1,200 in the near future.
Kiyosaki slams Fed Reserve, naming Bitcoin a good bet
In a recent tweet, the “Rich Dad Poor Dad” author, whom many consider to be a financial genius, took a strong stance against the US Federal Reserve System. Kiyosaki’s 2.1 million Twitter followers learned why he loathed the Federal Reserve.
He accused the organisation of being a big issuer-maker for the US economy, specifically claiming that the Fed made the low and middle classes poorer than they were and criticised the Fed for bailing out its “rich banking friends.” As a result, Kiyosaki trusts Bitcoin far more than he does the Federal Reserve.
Kiyosaki has made a major market crash a recurrent focus of his tweets, and he has been tweeting those “crash predictions” since 2020. Some pundits have trolled him for this in his tweets.
Recently, Bitcoin maximalist Max Keiser began tweeting similar forecasts. He stated that he expects the stock market to fall and Bitcoin to reach $500,000. Bitcoin is presently trading little around $51,000.
