“Rich Dad, Poor Dad” Author Bullish on Bitcoin, Despite Bear Market
As crypto markets and the price of Bitcoin continue to plunge since 2021, Robert Kiyosaki believes that the price of Bitcoin will explode in the foreseeable future.
In an exclusive interview with Kitco news, a well-known bitcoin investor and the author of the best-selling author of the book Rich Dad on financial literacy, Poor Dad believes that despite the volatility and the recent falling price, Bitcoin is on its way to pass the mark set of the industry in a decade, and investors should buy more Bitcoin, predicting that the price will jump.
“Every time they lower the price, I’m very happy,” Kiyosaki said in an interview.
The author also used Twitter in the past to discuss his strategies and paint a picture of the BTC price in the foreseeable future.
In a chirping Kiyosaki addressed “winners and losers”, and claimed that successful people learn from their mistakes. As a result, he expects bitcoin, the most popular digital asset, to decline even more and is “waiting for Bitcoin to test $1,100.”
Gold and silver are manipulated.
The author weighed in on the meltdown of risks in gold and silver, accusing JP Morgan of trading exposed shorts on the Comex and clearing silver transactions.
“I suspect that gold and silver are being manipulated. JP Morgan was nailed for manipulating gold and silver futures, but they keep prices low so smart people can buy more of it, Kiyosaki said.
His remarks have been backed by metals analysts, who have called out JP Morgan to be fined for allegedly manipulating metals and rigging prices in futures markets. Over the years, through literature, the prominent author has repeatedly warned investors about the volatility of cryptocurrencies linked to their falling prices, fearing the expected market crashes. The moment of panic constituted one of the worst resets in the industry since bitcoin fell 80 percent in 2018.
The economic decline was triggered by political measures.
The author also reiterated the remarks regarding the world’s rising debt and geopolitical tensions, which have been important factors in an economic downturn. He advised governments, particularly the Biden administration, to create institutions and architecture that align with the power and values of the middle class and the poor. He also reiterated lessons learned from the effects of the war between Ukraine and Russia and the impact the war had on gas prices in the United States.
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