Robert Kiyosaki, author of the book Rich Dad Poor Dad, seems to be excited about Bitcoin, particularly after the recent crash. For Kiyosaki, these are the best times to make money in the market, prompting several tweets about bitcoin this week.
Going further, the famous author also explained his reasons to trust bitcoin. The main one is not to trust the agencies of your country, the US, especially those that deal with the dollar. After all, Kiyosaki believes that his rulers are corrupt and don’t care about his people.
In addition to Kiyosaki, several other investors are remembered for their optimism at the worst times in the markets, going against the majority when buying and also selling. However, it is important to be careful not to “catch the falling knife” when using this strategy, which requires market experience.
“Bitcoin going down? Good news”
Bitcoin has been the main theme of the author of the book Rich Dad Poor Dad these past few weeks. The reason is the sharp drop in this cryptocurrency, which went from $40,000 to $30,000 in a few days, which triggered Robert Kiyosaki’s purchase alert.
“Bitcoin going down? Good news. As stated in previous tweets, I expect Bitcoin to drop to 20k. So I waited for the proof of fund, which could be $17,000. Once I know we’ve reached the bottom, I load the truck.” Robert Kiyosaki, author of the book Rich Dad Poor Dad, tweeted last week.
“Falls are the best times to get rich. Take care of yourself”.
Despite being confident in Bitcoin, Kiyosaki’s latest tweets show that the investor is currently more concerned about the BTC price floor. This Thursday (19), Kiyosaki said that he was waiting for the next minimum price, wondering if it would be in the 20, 14, 11 or 9 thousand dollars.
In other words, Kiyosaki is waiting for the best time to accumulate more Bitcoin. Going further, he also explained the reasons that lead him to believe in Bitcoin, or at least not to trust the dollar.
“Why am I still optimistic? [en Bitcoin]? The Fed and the Treasury are corrupt organizations. They will self-destruct before they regain their honesty, integrity, and moral compass.”
That is, Kiyosaki is believing that the dollar will sink with the entities that control it. Bitcoin is the best investment option because it is decentralized and is not at the mercy of human error.
Will Bitcoin fall further?
Since its fall in the first week of May, Bitcoin has been struggling to stay above $30,000. For those who do DCA (Dollar Cost Average), it is a great region to accumulate more satoshis for a good price.
For bolder investors like Robert Kiyosaki himself, it is possible to expect an even bigger drop and then line their pockets with Bitcoin if it happens. However, he must be as confident as Kiyosaki about the price rebound.
Either way, Kiyosaki’s advice is quite old, best known by the Nathan Rothschild quote: “Buy when there’s blood on the streets, even if it’s your blood”. Perhaps this was his inspiration for the current moment that, for many, seems daunting.