Robert Kiyosaki to Buy More Bitcoin Should BTC Dip to $20k

Robert Kiyosaki, an American businessman, and a best-selling author shows no worries about the recent crypto market crash. According to Kiyosaki, Bitcoin’s fall is excellent news, and he vows to increase his holdings should the pioneer crypto dip to $20000.

The seventy-four-year-old businessman well known for his series of books Rich Dad Poor Dad is now among the experts considering Bitcoin a good investment tool in times of financial crisis and inflation. Kiyosaki believes that the leading cryptocurrency has more functions and value to be unlocked. He had also stated that Bitcoin, gold, and silver are assets that will make people more intelligent, more prosperous, and more robust against the Federal reserve department.

Kiyosaki Bitcoin Moves 

Kiyosaki has a very high opinion on the pioneer coin, showing him as a vast Bitcoin holder. He bought Bitcoin when the price was between $6000 and $9000. Robert says profits are made when you buy rather than when you sell. He predicts that a time to get richer is coming.

In his sight, the financial problems brought by the FED stimulus as part of covid-19 measures are turning the American national currency into fake dollars. Kiyosaki warns that people should not save up money as cash because it will devalue when there is a recession. He encourages people to focus on Bitcoin and gold to preserve wealth.

Other People Sharing the Opinion

Most Recently, the bitcoin lover NYC Mayor Eric Adams gave a statement saying that the bitcoin price drop provides good buying opportunities for investors and traders. Then, he further announced that his first three paychecks in a row will be converted into Bitcoin, a matter that is already complete.

El Salvador’s government is another Bitcoin fanatic. The small Latin American nation has become the symbol of Bitcoin adoption, making the crypto king the nation’s legal tender. Recently the government of El Salvador bought an additional 410 Bitcoins worth about $15 million. At writing, the country’s total Bitcoin holdings now sit at 1801 BTC, worth $62 million.

Ray Dalio also states that Bitcoin is the better alternative for gold for the young generation. The billionaire who is a crypto fan has revealed a portion of his Bitcoin holdings, appreciating how far the crypto industry has come since its start. Dalio does not believe that central banks or other financial institutions can hold a significant amount of Bitcoin. If anything, he adds, they might even kill Bitcoin in the instant they detect that it’s a threat.

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.