(Kitco News) As Bitcoin struggles to hold the $20,000 mark, the best-selling author of 'Rich Dad Poor Dad,' Robert Kiyosaki, says he is waiting for Bitcoin to test $1,100.
With many investors debating where the next price bottom is following a massive crypto selloff in June, Kiyosaki revealed his level.
"I am waiting for Bitcoin to 'test' $1100," he tweeted Tuesday. However, the end goal for Kiyosaki, who said that he loves Bitcoin because he does not trust the Federal Reserve, U.S. Treasury, or Wall Street, is to buy more of the world's largest cryptocurrency.
"If it recovers, I will buy more. If it does not, I will wait for losers to 'capitulate' quit, then buy more," he said in his post.
RICH Dad lesson. “LOSERS quit when they lose.” Bitcoin losers are quitting some committing suicide.’WINNERs learn from their losses. I am waiting for Bitcoin to “test” $1100. If it recovers I will buy more. If it does not I will wait for losers to “capiulate” quit then buy more.
— therealkiyosaki (@theRealKiyosaki) June 28, 2022
When Bitcoin began to crash in May, Kiyosaki described it as "great news" and projected for the price to fall to $20,000.
"I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom, which might be $17k. Once I know the bottom is in, I back up the truck. Crashes are best times to get rich," he said.
BITCOIN CRASHING. Great news. As stated in previous Tweets I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are best times to get rich. Take care.
— therealkiyosaki (@theRealKiyosaki) May 12, 2022
Something very similar ended up happening when Bitcoin briefly touched a low of $17,000 on June 18. At the time of writing, the cryptocurrency was trading at $20,036, down 3% on the day.
In mid-June, Kiyosaki also gave investment advice on how to survive this highly inflationary environment, telling his followers to stock up on cans of tuna. He is also a big fan of gold, silver, and Bitcoin.
"Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can't eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important. Starvation next problem. Invest in the solution. Take care," he said.
Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important. Starvation next problem. Invest in the solution. Take care.
— therealkiyosaki (@theRealKiyosaki) June 13, 2022
In May, he also warned of global disaster that has been coming for years. "Desperate leaders will do desperate things. World War coming? God have mercy on us. Save gold, silver, Bitcoin, food, guns, and bullets," he said.
May 23, 2022: DAVOS, Switzerland IMF warns world faces greatest financial challenges since WWII. Global disaster has been coming for years. Desperate leaders will do desperate things. Workd War coming? God have mercy on us. Save gold, silver, Bitcoin, food, guns, and bullets.
— therealkiyosaki (@theRealKiyosaki) May 23, 2022
