Rich Dad Poor Dad author Robert Kiyosaki predicted that Bitcoin could drop to $17k, but said the cryptocurrency will “win” and buy it when it “bottoms out”.
On Twitter on Thursday, Kiyosaki said: “BITCOIN CRASHING. Great news. As stated in previous Tweets, I am waiting for Bitcoin to drop to 20k. Then I will wait for the test of the bottom, which could be $17k. Once I know that the bottom line is backing up the truck.
“Accidents are the best times to get rich,” the author advised in the tweet.
He said in January that he will buy more Bitcoin “as long as BTC tests $20K.”
Kiyosaki’s tweet came at a time when the crypto market has lost billions as the Terra USD (UST) debacle unfolded.
Bitcoin was trading at $30,270, up 9.14% as of 4:32 a.m. ET. m. ET, data from CoinMarketCap showed.
Despite the BTC price crash, Kiyosaki believes “Bitcoin will win.”
In a tweet on Wednesday, Kiyosaki said: “Bitcoin will win because America is led by the 3 Stooges. President Biden’s puppet #1. Puppet #2 Secretary of the Treasury Yellen. Stooge #3 Fed Chairman Powell. I trust BITCOIN, not the 3 Stooges.”
This was not the first time Kiyosaki had expressed distrust of the Biden administration, Wall Street, and the Federal Reserve. The author who endorsed Donald Trump has also been recommending that investors buy Bitcoin.
Last month, Kiyosaki called the government, Wall Street and the Federal Reserve “thieves.” The author also said that hyperinflation and depression are here and recommended investors to buy gold, silver and Bitcoin.
In March, Kiyosaki said that the US dollar was about to implode and recommended buying gold, silver, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as investments at the time.
However, Kiyosaki also warned in March that the government will eventually confiscate all cryptocurrencies and convert them into government cryptocurrencies.