Famous investor and life coach Robert Kiyosaki tweeted this morning that he was waiting for Bitcoin to dip to $1100. While there is evidence that the celebrity author intended to tweet “$11,000”, several Bitcoin enthusiasts still don’t agree with his analysis.
Typo or Impossible Prediction?
The author of ‘’Rich Dad, Poor Dad’’ took to social media around 1:30 am UTC to share his “buy-the-dip” plans. Robert Kiyosaki has long been a crypto proponent and Bitcoin bull. However, despite his position on crypto, it is not the first time the 75-year-old author is dividing opinions.
“RICH dad lesson, LOSERS quit when they lose,” he tweeted. “WINNERS learn from their losses; I am waiting for Bitcoin to ‘test’ $1,100.”
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
A flurry of opinions and backlash followed Kiyosaki’s tweet, along with other “quotes” reminding the author of his previous takes on Bitcoin.
Indeed, many noted that it could take the most depressing of world recessions to see BTC at $1100. While several others chided that Kiyosaki’s tweet was an obvious typo. The author could very well mean “$11,000”.
Interestingly, a week before Kiyosaki’s tweet, the author discussed Bitcoin and the economy on his YouTube channel. Kiyosaki revealed in the talk with Raoul Pal that he was waiting for Bitcoin to test $10k or $11k, before buying again.
Regardless of Kiyosaki’s intentions, a few followers reminded the author he had promised to buy Bitcoin at a different price. Seven weeks ago, the “Rich Dad Poor Dad” author tweeted he would buy some BTC below $20k.
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
Robert Kiyosaki describes himself as “optimistic” and as a “Bitcoin Bull”, but some might disagree with this. Especially considering Kiyosaki’s often dogged predictions. On May 19, after the US government hiked interest rates, Kiyosaki suggested that Bitcoin could test $9k. He however reiterated that he was optimistic.
I remain bullish on Bitcoin’s future. Waiting for test of new bottom. $20k? $14 k? $11 k? $9 k? Why do I remain bullish? Fed and Treasury are corrupt organizations. They will self-destruct before they regain honesty, integrity and moral compass. Take care. Be aware.
— therealkiyosaki (@theRealKiyosaki) May 19, 2022
Hard Harsh Winter
Kiyosaki’s tweet is reflective of the enduring crypto winter. The crypto market is facing a horrid period as the price of Bitcoin continues to struggle. Coinbase was forced to lay off 18% of its staff, citing difficult times. Similarly, cryptocurrency loan platforms Celsius and Babel Financial blocked withdrawals, while Three Arrows failed to meet demands.
Despite the current state of the market, Kiyosaki and other crypto enthusiasts are confident of a rebound.