Robert Kiyosaki, the author of “Rich father, poor father”, believes that Bitcoin could go down to $ 90,000 this month, and he calls him a gift to be able to buy more at a lower price. Kiyosaki sees this potential decrease as a gold opportunity to widen her assets, qualifying Bitcoin “Purely brilliant active design” And in the easiest way it has ever used to make millions.
In short
- Robert Kiyosaki expects the “August Bitcoin curse” to push the BTC to $ 90,000, a drop which he considers as a purchasing opportunity to double his assets.
- It warns against traditional assets such as obligations, rather advocating gold, silver, bitcoin, oil and livestock to cross economic slowdowns.
- Kiyosaki claims that Bitcoin has brought him the easiest millions of his life and welcomes the changes in policy authorizing the BTC in retirement accounts.
The “August Bitcoin curse”
In a series of publications this week, Kiyosaki tackled the Early Bitcoin curse, a phenomenon that the BTC historically underperformed in August due to factors such as low volumes of summer exchanges and profits.
Will the “August Bitcoin curse” will drop the price of bitcoin below 90k? I hope so.
Instead of seeing the fall as a reverse, He said it would be his signal for “Double my position today”adding:
The problem is not bitcoin. The real problem is our debt of several dollars billions and the incompetent PHDs that direct “the marsh”, the Fed and our treasure. The August Bitcoin curse will make most of the investors in Bitcoin riche.
Warning on traditional obligations and assets
Kiyosaki also took the opportunity to criticize the security of traditional investments, saying:
Financial planners lie when they say that “the obligations are safe”. There is nothing sure in a stock market crash. The commercial real estate market collapses. Moody's degraded American obligations. Asians buy gold.
For years, he has recommended to diversify in tangible assets such as gold, silver, bitcoin, and even oil and livestock, to protect and grow wealth in times of crisis.
I buy real gold, money and bitcoin … oil and livestock … for years … because I plan to become richer during the next crash and the great depression to come. Holders of shares and bonds will be fooled.
Bitcoin: the “easiest millions”
Kiyosaki called Bitcoin “the easiest millions I have ever done”, praising the design of Satoshi Nakamoto which makes the creation of wealth simple:
Anyone can become a millionaire: I can't believe how easy bitcoin makes the richness so easy … just configure it and forget.
He said that a small early BTC investment has become several million dollars, and he wishes other “the same good fortune”.
Retirement accounts
Kiyosaki has also praised recent developments in American policy under President Donald Trump, in particular the authorization for retirement accounts to have bitcoin:
Trump authorizing the retirement accounts to save in Bitcoin is great news … Are you sparing in Bitcoin?
For Kiyosaki, Bitcoin, alongside gold and money, is the basis for surviving and prospering in what he believes to be an inevitable global economic collapse.
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