Robert Kiyosaki: “I will buy more bitcoin when it drops to $1,100”

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The author of the best-selling book “Rich Dad Poor Dad,” Robert Kiyosaki, is waiting for Bitcoin to drop to $1,100 so that he can buy and invest in it if the cryptocurrency market continues to grow.

As the famous entrepreneur Robert wrote:Robert Kiyosaki on Twitter, “losers give up when they lose, and winners learn from their defeats.” He explained that while those disappointed in Bitcoin are selling it, he will wait for the coin to test the $1,100 level, and the losers will “capitulate” and leave. If the BTC rate begins to recover, Kiyosaki intends to continue investing in it. Many of Kiyosaki's followers did not agree that Bitcoin would ever drop to this level. Some even suggested that the bestselling author made a typo and actually meant $11,000.

The famous investor has repeatedly stated,that will buy more bitcoins when the price of the coin falls to a certain level. At the beginning of the year, Kiyosaki predicted that the flagship cryptocurrency would hit a “bottom” of $20,000. As Bitcoin continued to fall, Kiyosaki revised his forecasts several times. For example, in May, he wrote that BTC could fall to $9,000, although at that time Bitcoin was trading at around $30,000.

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Overall, Kiyosaki is optimistic aboutregarding Bitcoin. He does not trust the policies of the Federal Reserve System (FRS) and the US Treasury Department, and also believes that the digital dollar will only contribute to rising inflation. Over the past 10 years, Kiyosaki has repeatedly made gloomy forecasts about the US economy, predicting stock market crashes. Judging by the S&amp;P500 chart, only a few of his forecasts were translated into reality.

A few months ago Kiyosaki stated thatThe world is in the biggest bubble in history, meaning stocks, real estate and commodities. Therefore, he recommended the public to invest in gold, silver, BTC and SOL, since in addition to the bubble, “World War III is coming.”