Robert Kiyosaki, author of the highly successful “Rich Dad Poor Dad” book series, has shown the collapse of Bitcoin as an opportunity for investors to say that “collapses are the best moments to get rich.”
On Twitter, for more than 1.9 million followers on the microblogging platform, Kiyosaki suggested the BTC crash was “good news” because he “expects Bitcoin to crash to $ 20,000” so he can “lift the truck” when the bottom is in.
The $ 20,000 mark is significant because it peaked in the 2017 bull run, when it exploded from about $ 1,000 near that mark. For Kiyosaki, the BTC base could be close to the $ 17,000 mark, although the author did not specify the reason behind this level.
The price of Bitcoin fell to about $ 23,600 at the time of writing after cryptocurrency lender Celsius Network suspended withdrawals on its platform to “extreme market conditions.” The move resulted in a cryptocurrency that resulted in Ethereum falling below its 2018 cycle peak of approximately $ 1,400.
Commented on the accident Kiyosaki, who called Bitcoin “open source people’s money”In April 2021 and saying it he loves Bitcoin In October 2021, it was originally suggested that tuna and oven bean cans “are the best investment destinations” because people can’t eat “gold, silver or Bitcoin”.
Kiyosaki has been a BTC bull for years and has even revealed earlier this year that he has invested in Solana on smart contract platforms. Others in particular will remain on the rise in the long run, with Bloomberg commodity strategist Mike McGlone revealing earlier this month that he believes the BTC will reach $ 100,000 by 2025.
As reported by CryptoGlobe, the percentage of Bitcoin’s circulating supply on cryptocurrencies has fallen below the 10% mark for the first time since BTC’s dollar price hit a low of $ 3,200 in December 2018, on the basis of a so-called cryptocurrency. .
Bitcoin’s supply on cryptocurrencies is a closely monitored measure, as it is used to measure the supply of BTC currently on the market. A lower amount of BTC on stock exchanges means that if demand grows enough, a supply shock leading to a rise in price is possible.
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h/t – CryptoGlobe