Robert Kiyosaki, a well-known Bitcoin and real estate investor and author of one of the best-selling books on financial literacy, “Rich Dad, Poor Dad”, voiced his new prediction for the price of BTC in the near future. Kiyosaki also shared his plans to buy BTC from the bottom. However, the famous author expects a surprising low in Bitcoin. Here are the details…
Kiyosaki surprises with bottom prediction
Kiyosaki tweeted about “winners and losers”, saying that winners learn from their mistakes. As such, he said he expects the largest cryptocurrency Bitcoin to drop further. He predicts Bitcoin, which is currently just over $20,000, to test $1,100. He stated that after that, if BTC recovers, he will buy more. But another option to buy at the bottom is to wait for the “paper hands” he calls “losers” to surrender.
Twitter user and analyst “CryptoKaleo”, who has more than half a billion followers, reminded Kiyosaki of a tweet he posted in May earlier this year. Kiyosaki said that he believes that the $ 17,000 level in BTC will be the bottom levels after the Fed implemented a historic interest rate hike. At the same time, on May 20, Kiyosaki wrote on his Twitter page that he acknowledged that Bitcoin could drop below $9,000. However, he noted that “the Fed and the U.S. Treasury Department are corrupt entities” and are still bullish on BTC.
Bitcoin and altcoins are trading sideways
In the meantime, when we look at the general market, it is noticeable that cryptos have lost some momentum. As we reported on Kriptokoin.com, Bitcoin has been exploring higher ground for the past few days. But yesterday, it reversed its trajectory and lost $21,000. On the other hand, major cryptocurrencies such as Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB) and Avalanche (AVAX); in red on a daily basis.
On the other hand, most altcoins followed BTC on a daily scale. Ethereum also hit multi-day highs over the weekend. However, it could not rise any higher. In the other day, ETH is down just over 1.5 percent, but it is still trading above $1,200. BNB has declined at a similar rate and is currently close to $240. Ripple, Cardano, TRON, and LEO all fell as much as 4 percent in one day. Still, more daily losses are seen in Solana, Dogecoin, Polkadot, Shiba Inu, Avalanche and MATIC. Tezos (XTZ) and ApeCoin (APE) are among the few assets traded on the green board. XTZ rose 9 percent in one day, while APE gained 6 percent.
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