Robert Kiyosaki of Rich Dad Poor Dad says he’ll buy more Bitcoin at $1,100.

Rich Dad Poor Dad’s Robert Kiyosaki has stated that he will wait for the price of bitcoin to reach $1,100 before purchasing more. Robert Kiyosaki is the renowned author of the international best-seller Rich Dad Poor Dad. He recently stated that he is waiting for the price of bitcoin to test the threshold of $1,100. He went on to say that he would make additional purchases if the value of the cryptocurrency rose above that point.

Putting $1,100 to the Test: Robert Kiyosaki on Bitcoin

Robert Kiyosaki is famous for his book Rich Dad Poor Dad. It has recently resurfaced with a fresh perspective on bitcoin. Rich Dad Poor Dad is a book that Kiyosaki and Sharon Lechter wrote together and published in 1997. It has been on the list of best sellers published by The New York Times for more than six years. Over 32 million copies of the book have been sold. Furthermore, it has been translated into over 51 languages and published in more than 109 nations.

Robert Kiyosaki
Robert Kiyosaki

On Monday evening, the well-known author posted a “Rich Dad lesson” on Twitter. He offered the explanation that “losers quit when they lose,”; whereas “winners learn from their losses.” He stated that he is waiting for Bitcoin to test $1,100. Furthermore, he added that he will buy more if the cryptocurrency recovers. He made the statement while asserting that “Bitcoin losers are quitting”. He went on to say, “If it does not, I will wait for the losers to ‘capitulate”. This means they will quit, and then I will buy more.”

His prediction met significant pushback from users on the social media platform Twitter. Some people thought that the author of Rich Dad Poor Dad had made a typing error and that he actually meant to write $11,000.

Since Bitcoin’s price has been falling precipitously over the past few months. He has been speculating that the cryptocurrency’s price may reach a bottom of $20,000 soon. As the price of Bitcoin (BTC) continued to drop, he modified his prediction of where it would bottom out several times.

Bitcoin
Bitcoin

In May, Kiyosaki predicted that the price of bitcoin could reach a low of $9,000 before recovering. At that time, the price of a single bitcoin was somewhere in the neighborhood of $30,000.

He gave the reason for his continued optimism regarding bitcoin. He believes the Federal Reserve and the Treasury Department are both corrupt institutions. In addition to this, he stated that as soon as he is certain that the market has reached its lowest point. He will “back up the truck.” He added that “Crashes are the best times to get rich.”

Additionally, Kiyosaki forecast a bleak future for the economy of the United States. In his speech from the previous month, he predicted depression and civil unrest on the basis of the tumbling stock and bond markets. Furthermore, in the month of April, he made the assertion that hyperinflation had already begun. In March, he issued a warning that a collapse of the United States dollar is imminent and advised investors to purchase bitcoin, Ethereum, and Solana instead.

Bitcoin is currently trading at $20,277 at the time of this writing. This is a decrease of almost 3 percent over the previous 24 hours and 30 percent over the previous 30 days.

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