As the crypto markets and the price of Bitcoin continue to plunge since 2021, Robert Kiyosaki believes the price of Bitcoin will explode in the foreseeable future.
Speaking in an exclusive interview with Kitco news, a well-known bitcoin investor and the author of the best-selling author of financial literacy book Rich Dad, Poor Dad believes that despite the volatility and recent slumping price, Bitcoin is on its way to passing the mark set by the industry in a decade and investors should be buying more Bitcoin, predicting that its price will jump up.
“Every time they drop the price, I am very happy,” Kiyosaki said in an Interview.
The author also used Twitter previously to discuss his strategies and paint a picture of the BTC price in the foreseeable future.
In a tweet addressing “winners and losers,” Kiyosaki alleged that successful people learn from their mistakes. As a result, he does anticipate that bitcoin, the most popular digital asset, will reduce even further and is “waiting for Bitcoin to test $1,100.”
Gold and Silver are being manipulated.
“I suspect that Gold and Silver are being manipulated. J.P. Morgan was nailed for manipulating the future of Gold and Silver, but they are keeping the prices low so that smart people can buy more of it,” said Kiyosaki.
His remarks have been backed by metals analysts, who have called out J.P. Morgan to be fined for allegedly manipulating metals and rigging prices in the futures markets. Over the years, through literature, the prominent author has repeatedly alerted investors about the volatility of cryptocurrencies related to their tumbling prices, fearing the anticipated market crashes. The moment of panic amounted to one of the worst resets in the industry since bitcoin plummeted 80 percent in 2018.
The economic downturn was triggered by political moves.
The author also reiterated the remarks regarding the world’s mounting debt and geopolitical tensions, which have been significant factors for an economic downturn. He advised governments, especially the Biden administration, to create institutions and architecture that align and balance with the power and the values of the middle class and the poor. He also reiterated taking lessons from the effects of the Ukraine-Russian war and the impact the war had on gas prices in the United States.
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