Kevin Helms
An Austrian economics student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Robert Kiyosaki says in cash position waiting to buy Bitcoin – Asset prices crash, “Biggest sale on earth” comes in – markets and prices Bitcoin news
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the biggest sale on earth”. He said asset prices were crashing, indicating he was waiting in a cash position to pick up bargains, including bitcoin.
Robert Kiyosaki is waiting to buy Bitcoin
Rich Dad Poor Dad author Robert Kiyosaki reiterated this week that he is waiting to buy bitcoin, stressing that “the biggest sale on earth” is coming as asset prices crash.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It’s been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted on Monday, noting that his “favorite 4-letter word is SALE,” Kiyosaki tweeted:
Asset bubble found a PIN. Property prices are plummeting. In cash position waiting to make good purchases, especially in real estate and bitcoin … Do not miss the biggest sale on earth.
At the time of writing, the S&P 500 has fallen 21% while the Nasdaq has fallen 29% so far this year. In addition, rising interest rates have begun to increase mortgage costs and cool housing demand.
Kiyosaki has warned of asset bubbles and markets crashing many times. He said in March that we are in the “biggest bubble in world history,” noting that there are bubbles in stocks, real estate, commodities, oil, futures and even bitcoin. In June last year, he said that the biggest bubble in world history was getting bigger, and predicted that the “biggest crash in world history” would come.
The famous author has been waiting to buy bitcoin for quite some time. He said on several occasions that he plans to buy BTC when the bottom is in. When the largest cryptocurrency traded for around $ 35K, he said he was waiting to buy it for $ 24K. When bitcoin swung around $ 30K in May, he said he was waiting for the price to fall as low as $ 9K. Last month, he revealed that he is waiting for bitcoin to “test” $ 1100 before he buys. “If it comes, I will buy more. If it does not, I will wait for the losers to ‘capitulate’ and quit, and then buy more,” he tweeted.
Kiyosaki has also warned of impending depression, hyperinflation and civil unrest in the United States. In November last year, he said he bought more gold, silver, bitcoin, ethereum, rental property and oil as inflation escalated. He blames President Joe Biden and the Federal Reserve for inflation, and predicts that the United States will slip into a recession. “The Fed will raise interest rates and cause stock, bond, real estate and gold crashes,” he warned earlier.
The US Department of Labor said on Wednesday that consumer prices rose by 9.1% compared to a year earlier, the largest annual increase since 1981. Meanwhile, several banks predict that the US economy will slide into recession this year.
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