Rich Dad Poor Dad bestselling author Robert Kiyosaki believes Bitcoin could fall to $10,000 as the impact of FTX wears off.
The sudden demise of FTX, once the third largest cryptocurrency exchange, has dragged the entire crypto industry into a new cycle of Fear, Uncertainty and Doubt (FUD). All major crypto assets have been hit hard as a result, and Bitcoin is no exception.
The flagship cryptocurrency is currently trading at $16,850, down more than 20% over the past week. This is a level not seen in his two years. Ethereum, the second-largest cryptocurrency, has also fallen more than 23% over the past seven days.
In a late tweet on Friday, Kiyosaki told his more than 2.2 million followers on Twitter that he remains a big supporter of Bitcoin, gold and silver. We added that a drop to $12,000 is possible, but we will use this opportunity to stock up on more coins.
Bitcoin?, don’t worry. I bet on the Fed, Treasury, Biden, I bet on the G [gold]S [silver]and Bitcoin,” he tweeted on Friday.
It’s worth noting that Kiyosaki’s recent BTC predictions were fairly accurate. did.
“I am waiting for Bitcoin to crash to $20,000. Then I will wait for a possible bottom test of $17,000. The crash is the perfect time to get rich,” he said. Said at the time.
Mid-October, Kiyosaki warned Investors speak of more pain coming, saying they must protect their wealth by investing in gold, silver and BTC. He also recommended coming up with another source of income.
“Gold, silver and bitcoin may protect your wealth, but not your income. [the] If the economy crashes, the stock market crashes, pensions crash and unemployment rises, the side hustle could bring in income. Do you know? Your side business may develop into the next Amazon or Bitcoin. Be careful. Please be aware. “