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Author of the global best seller Rich Dad Poor Dad, Robert Kiyosaki, is looking forward to buy Bitcoin at a massive discount.
The current bear market is an opportunity, Kiyosaki tells his two million followers on Twitter:
“RICH Dad lesson: ‘LOSERS quit when they lose.’ Bitcoin losers are quitting. Winners learn from their losses. I am waiting for Bitcoin to ‘test’ $1,100. If it recovers, I will buy more. If it does not, I will wait for losers to ‘capitulate,’ quit, then buy more.”
The popular writer/investor is believed to have made a typo and refers to $11,000. He had previously highlighted to enter a buy zone when BTC dropped to anywhere between $14,000 and $9,000.
In May, when Bitcoin was priced above $30,000, Kiyosaki announced his bottom target for BTC to be below $20,000.
“BITCOIN CRASHING. Great news. As stated in previous tweets, I am waiting for Bitcoin to crash to $20,000. Will then wait for test of bottom, which might be $17,000. Once I know bottom is in, I back up the truck. Crashes are best times to get rich. Take care.”
Early this June, Bitcoin tanked to as low as $17,744 according to CoinMarketCap, but has been able to recover since to above $20,000 at the time of writing.