After predicting a “giant stock market crash” that could also tank the crypto market, best-selling author Robert Kiyosaki now says bitcoin’s future is “very bright.” He also stated that he is waiting for the next price drop before investing more in bitcoin.
Bitcoin’s Future Is ‘Very Bright,’ according to experts. Says Kiyosaki
Last week, well-known author and investor Robert Kiyosaki stated that bitcoin’s future is “very bright.” Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. For over six years, it has been on the New York Times Best Seller List. More than 32 million copies of the book have been sold in 51 languages and 109 countries.
On Friday, Kiyosaki tweeted:
Hooray. Bitcoin has surpassed the $60,000 mark. The future looks promising. Be cautious while celebrating. Before investing further, I’m waiting for a pullback.
While the well-known investor has been recommending bitcoin to investors for quite some time, he predicted a “giant stock market crash” in October, adding that gold, silver, and bitcoin may also crash. In July, he issued a warning: “The biggest bubble in world history is getting bigger.” The biggest crash in world history is on its way.”
Nonetheless, he regarded bitcoin as the investment with the greatest potential, stating that “with the dollar falling, bitcoin and silver are the best investments.” In August, he tweeted that the United States was “going bankrupt,” advising investors to “keep buying gold, silver, and bitcoin.”
Furthermore, Kiyosaki reiterated his motivation for investing in bitcoin on Friday, tweeting:
I like bitcoin because I don’t trust the Federal Reserve, the Treasury, or Wall Street.
His statement echoed his August statement, in which he stated that he invested in bitcoin, gold, and silver “because I do not trust our leaders, the Fed, Treasury, or the stock market.”